News articles about Adobe Systems (NASDAQ:ADBE) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Adobe Systems earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the software company an impact score of 43.9062084657713 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
Shares of Adobe Systems (NASDAQ ADBE) opened at $195.05 on Friday. 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 has a 12 month low of $107.06 and a 12 month high of $195.50. The firm has a market cap of $96,150.00, a P/E ratio of 57.54, a PEG ratio of 2.50 and a beta of 1.05.
Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, December 14th. The software company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.10. Adobe Systems had a net margin of 23.20% and a return on equity of 22.57%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The company’s revenue was up 24.8% on a year-over-year basis. sell-side analysts expect that Adobe Systems will post 4.58 EPS for the current fiscal year.
Several equities analysts recently issued reports on the company. Argus upped their price objective on Adobe Systems from $170.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research cut Adobe Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 21st. Pivotal Research raised Adobe Systems from a “sell” rating to a “hold” rating and upped their price objective for the company from $118.00 to $160.00 in a research report on Wednesday, October 18th. Vetr raised Adobe Systems from a “strong sell” rating to a “sell” rating and set a $163.12 price target on the stock in a report on Monday, October 23rd. Finally, Citigroup increased their price target on Adobe Systems to $202.00 and gave the company a “buy” rating in a report on Friday, December 15th. Eight analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $187.06.
In other news, Director Amy Banse purchased 1,125 shares of the business’s stock in a transaction on Monday, December 18th. The shares were acquired at an average cost of $177.35 per share, with a total value of $199,518.75. Following the completion of the acquisition, the director now owns 31,453 shares of the company’s stock, valued at $5,578,189.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert K. Burgess sold 25,000 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $175.39, for a total transaction of $4,384,750.00. Following the sale, the director now directly owns 12,375 shares in the company, valued at $2,170,451.25. The disclosure for this sale can be found here. Insiders have sold 88,772 shares of company stock valued at $15,798,527 in the last ninety days. Insiders own 0.38% of the company’s stock.
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Adobe Systems Company Profile
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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