News stories about Adobe Systems (NASDAQ:ADBE) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by analyzing 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 coverage optimism score of 0.25 on Accern’s scale. Accern also gave news stories about the software company an impact score of 44.9596359763007 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Analysts Expect Adobe Systems Incorporated (ADBE) Will Announce Earnings of $1.26 Per Share (americanbankingnews.com)
- Salesforce.com, inc. (CRM)- Insider Investors Salvations: Adobe Systems Incorporated (ADBE) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Adobe Systems Incorporated (ADBE) Infectious to Cheers up Sector on Leading Facts – Stock News Stop (stockmarketstop.com)
- Adobe Systems Incorporated (NASDAQ:ADBE) – Analyzing Analysts’ Recommendations – Nasdaq Journal (press release) (nasdaqjournal.com)
- Head-To-Head Survey: BOX (BOX) and Adobe Systems (ADBE) (americanbankingnews.com)
ADBE has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price objective (up from $163.00) on shares of Adobe Systems in a report on Thursday, October 19th. Canaccord Genuity reaffirmed a “buy” rating and set a $185.00 price objective (up from $170.00) on shares of Adobe Systems in a report on Thursday, October 19th. Robert W. Baird set a $160.00 price objective on shares of Adobe Systems and gave the company a “buy” rating in a report on Friday, October 6th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $195.00 price objective on shares of Adobe Systems in a report on Thursday, October 19th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $185.00 price objective on shares of Adobe Systems in a report on Thursday, October 19th. Nine research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $187.00.
Shares of Adobe Systems (NASDAQ:ADBE) traded down $0.47 on Friday, reaching $195.73. The company had a trading volume of 2,340,000 shares, compared to its average volume of 2,900,000. The company has a market capitalization of $96,480.00, a P/E ratio of 57.74, a PEG ratio of 2.52 and a beta of 1.05. Adobe Systems has a 12 month low of $108.04 and a 12 month high of $198.21. 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 issued its quarterly earnings results on Thursday, December 14th. The software company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.10. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.95 billion. Adobe Systems had a return on equity of 22.57% and a net margin of 23.20%. Adobe Systems’s revenue was up 24.8% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. sell-side analysts anticipate that Adobe Systems will post 4.58 EPS for the current year.
In other Adobe Systems news, Director Amy Banse bought 1,125 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was acquired at an average cost of $177.35 per share, for a total transaction of $199,518.75. Following the completion of the transaction, the director now owns 31,453 shares in the company, valued at $5,578,189.55. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert K. Burgess sold 25,000 shares of Adobe Systems stock in a transaction on Friday, December 28th. The stock was sold at an average price of $175.39, for a total value of $4,384,750.00. Following the sale, the director now owns 12,375 shares of the company’s stock, valued at $2,170,451.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,972 shares of company stock valued at $14,613,967. 0.38% of the stock is owned by corporate 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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