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Stockreport

Adobe Stock Hits All-Time Highs, With More Gains Coming [MSN Money]

ADOBE SYSTEMS (ADBE)  More Company Research Source: MSN Money
Last adobe systems earnings: 6/14 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: adobe.com/investor-relations.html
PDF © Provided by Thestreet.com Shares of Adobe Systems Inc. are on the move Friday, climbing 2.87% to $225.17.  Load Error The stock hit another new all-time high in Friday's session following its earnings and revenue beat on Thursday after the close. This is the hottest stock in Silicon Valley, TheStreet's Jim Cramer said on CNBC's Mad Dash segment. Adobe now sports a market cap of nearly $110 billion. That makes some of the company's recent results even more incredible, with Cramer pointing out that operating income grew 50% year-over-year while net income jump 46% year over year, both in GAAP results. The company's subscription model is one of the best and it's riding an incredible wave of momentum in the commerce cloud industry. Adobe's products are incredible, Cramer continued, saying that most people who work in creative computing seem to prefer its products. They're the only one that people really trust, he added. As a result, the stock's not done going h [Read more]

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