Headlines about Adobe Systems (NASDAQ:ADBE) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Adobe Systems earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the software company an impact score of 45.1931205995813 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Insider Selling: Adobe Systems Incorporated (ADBE) Director Sells 5,000 Shares of Stock (americanbankingnews.com)
- What’s the Story?: Adobe Systems Incorporated, (NASDAQ: ADBE), Infosys Limited, (NYSE: INFY); – TNN (tradingnewsnow.com)
- 2 Big Reasons Adobe Systems Incorporated Stock Remains a Winner – Investorplace.com (investorplace.com)
- Adobe’s Marketing Industry Success Is Key – Adobe Systems … – Seeking Alpha (seekingalpha.com)
Shares of ADBE stock traded down $2.90 during midday trading on Wednesday, reaching $226.85. The company’s stock had a trading volume of 3,963,686 shares, compared to its average volume of 2,943,018. Adobe Systems has a 1 year low of $124.51 and a 1 year high of $231.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.12 and a quick ratio of 2.05. The firm has a market capitalization of $109,608.84, a price-to-earnings ratio of 60.33, a PEG ratio of 2.62 and a beta of 1.10.
Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, March 15th. The software company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.11. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. Adobe Systems had a return on equity of 24.42% and a net margin of 24.40%. The company’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same period last year, the company earned ($0.43) earnings per share. equities research analysts predict that Adobe Systems will post 5.23 earnings per share for the current year.
ADBE has been the subject of several research analyst reports. Zacks Investment Research cut Adobe Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 21st. KeyCorp reiterated an “overweight” rating and set a $216.00 target price (up from $178.00) on shares of Adobe Systems in a research note on Wednesday, November 22nd. Vetr upgraded Adobe Systems from a “buy” rating to a “strong-buy” rating and set a $198.52 price objective on the stock in a research note on Wednesday, November 29th. BidaskClub cut Adobe Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Finally, JPMorgan Chase & Co. cut Adobe Systems from an “overweight” rating to a “neutral” rating and set a $185.00 price objective on the stock. in a research note on Tuesday, December 12th. Nine investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $214.06.
In other news, Director John E. Warnock sold 4,600 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $174.55, for a total transaction of $802,930.00. Following the transaction, the director now directly owns 16,088 shares of the company’s stock, valued at $2,808,160.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John E. Warnock sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $224.94, for a total value of $1,124,700.00. Following the transaction, the director now directly owns 16,088 shares in the company, valued at $3,618,834.72. The disclosure for this sale can be found here. Insiders have sold 354,246 shares of company stock worth $68,112,277 over the last three months. Corporate insiders own 0.33% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Adobe Systems (ADBE) Earns Daily Media Impact Rating of 0.18” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2018/03/21/adobe-systems-adbe-earns-daily-media-impact-rating-of-0-18.html.
About Adobe Systems
Adobe Systems Incorporated is a software company. The Company offers products and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences.
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