Somewhat Favorable News Coverage Somewhat Unlikely to Affect Adobe Systems (ADBE) Stock Price
News articles about Adobe Systems (NASDAQ:ADBE) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public 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 0.18 on Accern’s scale. Accern also assigned media headlines about the software company an impact score of 44.5118298546338 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Adobe Systems Incorporated (ADBE) Director Sells $3,969,037.80 in Stock (americanbankingnews.com)
- ADBE March 2nd Options Begin Trading (nasdaq.com)
- Recent 52-Week High Exceeded in Shares of Adobe Sys Inc (ADBE) (fnno.com)
- Adobe (ADBE) Attains 52-Week High: What’s Driving the Rally? (zacks.com)
- Adobe (ADBE) Attains 52-Week High: What's Driving the Rally? (finance.yahoo.com)
ADBE has been the subject of several recent research reports. Zacks Investment Research downgraded Adobe Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Robert W. Baird set a $160.00 price target on Adobe Systems and gave the company a “buy” rating in a report on Friday, October 6th. Bank of America reissued a “buy” rating and issued a $220.00 price objective (up from $213.00) on shares of Adobe Systems in a research report on Wednesday, December 13th. Vetr raised shares of Adobe Systems from a “hold” rating to a “buy” rating and set a $190.64 price objective for the company in a research report on Monday, November 13th. Finally, UBS Group started coverage on shares of Adobe Systems in a research report on Thursday, November 9th. They issued a “buy” rating and a $217.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Adobe Systems has an average rating of “Buy” and a consensus target price of $187.06.
Shares of Adobe Systems (ADBE) traded up $1.81 during midday trading on Thursday, reaching $188.92. 1,600,000 shares of the company’s stock were exchanged, compared to its average volume of 3,000,000. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. Adobe Systems has a 1 year low of $107.06 and a 1 year high of $188.94. The company has a market capitalization of $93,130.00, a PE ratio of 55.73, a P/E/G ratio of 2.38 and a beta of 1.05.
Adobe Systems (NASDAQ:ADBE) last issued its earnings results on Thursday, December 14th. The software company reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the company posted $0.90 earnings per share. Adobe Systems’s revenue was up 24.8% on a year-over-year basis. research analysts anticipate that Adobe Systems will post 4.58 earnings per share for the current year.
In other Adobe Systems news, Director John E. Warnock sold 6,800 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $174.20, for a total value of $1,184,560.00. Following the sale, the director now owns 16,088 shares in the company, valued at $2,802,529.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy Banse purchased 1,125 shares of the company’s stock in a transaction on Monday, December 18th. The stock was purchased at an average price of $177.35 per share, for a total transaction of $199,518.75. Following the purchase, the director now directly owns 31,453 shares of the company’s stock, valued at approximately $5,578,189.55. The disclosure for this purchase can be found here. Insiders sold 88,772 shares of company stock worth $15,798,527 in the last 90 days. 0.38% of the stock is owned by company insiders.
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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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