Adobe stock drops after CEO Narayen announces he will step down after 18 years [Yahoo! Finance Canada]
Adobe Inc. (ADBE)
Last adobe inc. earnings: 3/12 04:05 pm
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Source: Yahoo! Finance Canada
Adobe stock fell more than 7% on the news. Adobe Inc. (ADBE) Narayen will leave the post when a successor is found, but he will remain as chair of the board afterward. The company's board also appointed Frank Calderoni, lead independent director of Adobe, as chair of the special committee that will look for CEO candidates both inside and outside the firm. "I love Adobe and the privilege of leading it has been the greatest honor of my career," Narayen wrote in an email to employees. "I will ensure that I set up Adobe for its next decade of greatness with the right leader and executive team, in partnership with the Board, while continuing to deliver on our FY26 Must Wins." "The opportunity in front of us is extraordinary," Narayen added. "Together, we are uniquely positioned to lead it — and I remain deeply committed to doing so as we look ahead and prepare to name Adobe's next CEO. I am more confident than ever that Adobe's best days are still to come." For the quarter, Adob
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ADBE
News
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- Adobe and NVIDIA Announce Strategic Partnership to Deliver the Next Generation of Firefly Models and Creative, Marketing and Agentic WorkflowsBusiness Wire
- Adobe (ADBE) had its price target lowered by Citigroup Inc. from $315.00 to $278.00. They now have a "neutral" rating on the stock.MarketBeat
- Adobe Q1: The Most Absurd Valuation In Software I'm Buying [Seeking Alpha]Seeking Alpha
ADBE
Earnings
- 3/12/26 - Beat
ADBE
Sec Filings
- 3/16/26 - Form 4
- 3/12/26 - Form 8-K
- 2/27/26 - Form ARS
- ADBE's page on the SEC website