Adobe Systems (ADBE) Earning Somewhat Positive Press Coverage, Report Finds
News headlines about Adobe Systems (NASDAQ:ADBE) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Adobe Systems earned a news impact score of 0.19 on Accern’s scale. Accern also gave news stories about the software company an impact score of 45.5253794859308 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Risk Factors to Consider Before Investment – Adobe Systems Incorporated, (NASDAQ: ADBE) – Stock Watch (stocksnewstimes.com)
- Why Adobe Systems Incorporated Stock Is up and Still Going Strong (investorplace.com)
- Want To Sharpen Your Buys, Catch Breakouts? Consult This Weekly IBD Feature (finance.yahoo.com)
- Why Adobe Systems Incorporated Stock Deserves to Trade Above $200 (investorplace.com)
- Analyzing Adobe Systems (ADBE) and Rosetta Stone (RST) (americanbankingnews.com)
Shares of Adobe Systems (NASDAQ:ADBE) traded down $0.56 during trading hours on Monday, reaching $181.68. The company had a trading volume of 630,524 shares, compared to its average volume of 2,415,204. Adobe Systems has a 52 week low of $98.00 and a 52 week high of $184.44. The stock has a market cap of $89,840.00, a P/E ratio of 54.89, a PEG ratio of 3.10 and a beta of 1.05. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.05 and a current ratio of 2.05.
Adobe Systems (NASDAQ:ADBE) last announced its quarterly earnings results on Tuesday, September 19th. The software company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. Adobe Systems had a return on equity of 21.40% and a net margin of 23.06%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the business earned $0.75 EPS. Adobe Systems’s revenue was up 25.8% compared to the same quarter last year. equities research analysts anticipate that Adobe Systems will post 3.46 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on ADBE shares. Barclays PLC reaffirmed a “buy” rating and issued a $167.00 target price on shares of Adobe Systems in a report on Friday, September 15th. Piper Jaffray Companies reiterated a “buy” rating and issued a $180.00 price target on shares of Adobe Systems in a research report on Tuesday, September 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $175.00 price target on shares of Adobe Systems in a research report on Tuesday, September 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $157.00 price target on shares of Adobe Systems in a research report on Monday, July 31st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $160.00 price target on shares of Adobe Systems in a research report on Friday, September 1st. Six equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $174.11.
In other Adobe Systems news, EVP Ann Lewnes sold 1,953 shares of Adobe Systems stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $155.88, for a total transaction of $304,433.64. Following the sale, the executive vice president now directly owns 56,356 shares of the company’s stock, valued at approximately $8,784,773.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Matthew Thompson sold 2,190 shares of Adobe Systems stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $173.42, for a total value of $379,789.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,849 shares of company stock worth $2,519,679. 0.38% of the stock is owned by company insiders.
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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