Adobe Systems Incorporated (ADBE) was Reiterated by Pivotal Research Group to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 125 from a previous price target of $124 . Pivotal Research Group advised their investors in a research report released on Sep 21, 2016.
Many Wall Street Analysts have commented on Adobe Systems Incorporated. Piper Jaffray Initiated Adobe Systems Incorporated on Jul 26, 2016 to “Overweight”, Price Target of the shares are set at $125.
On the company’s financial health, Adobe Systems Incorporated reported $0.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Sep 20, 2016. Analyst had a consensus of $0.72. The company had revenue of $1464.00 million for the quarter, compared to analysts expectations of $1449.20 million. The company’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.
Adobe Systems Incorporated opened for trading at $100.16 and hit $100.905 on the upside on Tuesday, eventually ending the session at $100.62, with a gain of 0.94% or 0.94 points. The heightened volatility saw the trading volume jump to 41,04,871 shares. Company has a market cap of $50,138 M.
In a different news, on Sep 6, 2016, Mark Garrett (EVP, CFO & Asst. Secretary) sold 26,899 shares at $103.47 per share price. According to the SEC, on Aug 29, 2016, Michael A Dillon (EVP, Gen. Counsel & Secretary) sold 5,450 shares at $101.85 per share price. On Aug 29, 2016, Ann Lewnes (EVP, Chief Marketing Officer) sold 131 shares at $101.68 per share price, according to the Form-4 filing with the securities and exchange commission.
Adobe Systems Incorporated (Adobe) is a software company. The Company offers products and services for professionals marketers application developers enterprises and consumers for creating managing delivering optimizing and engaging with content. Adobe markets and licenses its products and services through app stores and its Website www.adobe.com. The Company’s operates in three segments: Digital Marketing Digital Media and Print and Publishing. In Digital Media the Company is engaged in providing tools services and solutions that enable to create publish and promote their content. In Digital Marketing the Company is engaged in providing solutions and services for creating managing executing measuring and optimizing digital advertising and marketing campaigns. Adobe’s Print and Publishing segment addresses various market opportunities including eLearning solutions technical document publishing Web application development and high-end printing.