Buy the Dip in Adobe Stock After the Earnings Report? Check the Chart. [TheStreet.com]
Adobe Inc. (ADBE)
Last adobe inc. earnings: 3/12 04:05 pm
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US:NASDAQ Investor Relations:
adobe.com/investor-relations.html
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Source: TheStreet.com
Amid marketwide volatility, Adobe Systems ( ) - reported earnings on June 16 after the close. The stock is down about 1.25% at last check June 17, which is not what the bulls had hoped for. But it’s better than the 7.5% decline it was sporting earlier in the session. While it was a solid quarter for the graphics-software specialist — — guidance was the culprit behind the selloff. Revenue guidance for its fiscal third quarter and the full year came up short of consensus expectations. But with the Nasdaq down about 34% from the high and Adobe stock down fully 52% (as measured from the all-time high in November to today’s low), perhaps bulls are unfazed by the guidance. Should it leave them Not necessarily, investor should ask themselves whether a guide of $17.65 billion against the analyst consensus of $17.85 billion — a difference of $200 million, or a bit more than 1% — may not be worth getting worked up over after the stock has already been cut in half. Let’s look at the key l
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ADBE
News
- Adobe Inc. (ADBE) Is a Trending Stock: Facts to Know Before Betting on It [Yahoo! Finance]Yahoo! Finance
- Digital Asset Management Market To Reach USD 20.3 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- New Adobe Photoshop with Advanced Generative Fill and Generate Image Brings New Superpowers to AllBusiness Wire
- Adobe Introduces Firefly Image 3 Foundation Model to Take Creative Exploration and Ideation to New HeightsBusiness Wire
- Adobe Charts the Future of Creativity and AI at MAX LondonBusiness Wire
ADBE
Earnings
- 3/14/24 - Beat
ADBE
Sec Filings
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- ADBE's page on the SEC website