Adobe: Revenue Growth, Robust Profit Margins, Share Repurchases [Seeking Alpha]
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: Seeking Alpha
gorodenkoffWith stock prices and valuations being reset in the tech sector, Adobe Inc. (NASDAQ:ADBEfiscal Q1 resultsmodel is showing resilience. ADBE is one of the most profitable names in the tech sector and is taking advantage of the lower stock prices through aggressive share repurchases. Trading at 22x forward earnings, the stock remains highly buyable for those looking for profitable secular growth.Adobe Stock PriceThis tech crash has affected profitable and unprofitable tech stocks alike, as valuations and expectations were viciously reset.Data byYChartslast coveredbalance sheetthe company continues to generate resilient top-line growth and robust bottom-line margins. ADBE's strong performance amidst this difficult period may eventually help the stock realize greater multiple expansion gains over the long term.ADBE Stock Key MetricsAdobe Inc. had been guiding for $4.64 billion in revenue and $3.70 in non-GAAP EPS. The company ended upbeatingQ1 FY23 PresentationAs usual, the Docu
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ADBE
News
- Adobe (ADBE) Boosts Gen AI Efforts With Acrobat AI Assistant [Yahoo! Finance]Yahoo! Finance
- Adobe releases Acrobat AI assistant starting at $4.99 per month [FOX Business Network]FOX Business Network
- Adobe Previews Breakthrough AI Innovations to Advance Professional Video Workflows Within Adobe Premiere ProBusiness Wire
- Adobe Transforms Digital Document Experiences this Tax Season with General Availability of Acrobat AI AssistantBusiness Wire
- Adobe (ADBE) Fell Due to Investor Concerns [Yahoo! Finance]Yahoo! Finance
ADBE
Earnings
- 3/14/24 - Beat
ADBE
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- ADBE's page on the SEC website