Adobe Systems (ADBE) Given Media Sentiment Rating of 0.16
Media stories about Adobe Systems (NASDAQ:ADBE) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Adobe Systems earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the software company an impact score of 46.4752410051593 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Adobe Systems Incorporated (ADBE) crosses 1.58% over SMA-50 – Street Observer (press release) (streetobserver.com)
- Moody’s assigns Baa2 rating to VMware’s senior unsecured note issuance (finance.yahoo.com)
- Adobe Systems Incorporated (ADBE) CMO Sells $286466.04 in Stock (vothemes.com)
- Adobe Systems Incorporated (ADBE) stands 1.58% away from 50 SMA: Technical Watch: Adobe Systems Incorporated … – Voice Of Analysts (analystsbuzz.com)
- Inc. Decreases Position in Adobe Systems Incorporated (NASDAQ:ADBE) (famososartistas.com)
Several research analysts have recently weighed in on ADBE shares. Guggenheim reiterated a “buy” rating and set a $155.00 price target on shares of Adobe Systems in a research note on Tuesday, April 18th. Stifel Nicolaus reiterated a “buy” rating on shares of Adobe Systems in a research note on Tuesday, April 18th. BidaskClub downgraded Adobe Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Citigroup Inc. reiterated a “buy” rating and set a $161.00 price target (up previously from $141.00) on shares of Adobe Systems in a research note on Tuesday, June 13th. Finally, Vetr upgraded Adobe Systems from a “hold” rating to a “buy” rating and set a $157.24 price target for the company in a research note on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $154.20.
Shares of Adobe Systems (NASDAQ:ADBE) traded up 1.84% during trading on Monday, reaching $149.16. The company’s stock had a trading volume of 1,171,641 shares. The stock has a market cap of $73.60 billion, a price-to-earnings ratio of 51.95 and a beta of 1.00. The company has a 50 day moving average of $145.85 and a 200-day moving average of $133.62. Adobe Systems has a 12-month low of $97.87 and a 12-month high of $150.40.
Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings data on Tuesday, June 20th. The software company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.07. Adobe Systems had a return on equity of 20.06% and a net margin of 22.11%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The company’s quarterly revenue was up 26.7% compared to the same quarter last year. Analysts forecast that Adobe Systems will post $4.06 EPS for the current year.
In other Adobe Systems news, EVP Abhay Parasnis sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $149.38, for a total transaction of $1,867,250.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann Lewnes sold 1,953 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $144.00, for a total value of $281,232.00. Following the sale, the executive vice president now owns 59,991 shares in the company, valued at $8,638,704. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,239 shares of company stock worth $14,877,475. Company insiders own 0.38% of the company’s stock.
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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