Analyst Activity - Dougherty & Co Reiterates Buy on Adobe Systems (NASDAQ:ADBE)
- by Nick Cohen
- in Industry
- — Dec 18, 2016
Adobe Systems (NASDAQ:ADBE) shares have rallied considerably in the last five years, buoyed by its market-leading digital marketing solutions and digital media technologies. The stock has a 50 day moving average price of $106.00 and a 200-day moving average price of $99.62.
Total revenue rose 23.1 percent to United States dollars 1.61 billion, beating estimates of USD 1.59 billion. Nevertheless, it is a common misunderstanding that a greater share price directs towards a larger company where stock price might also twist the definite worth of the organization. Shares registered one year high at $111.09 and the one year low of $71.27. The company's stock has grown by 2.2 percent in the past 5 years. In addition, for the current month 3 number of analysts gave ratings for hold as compared to last month 3 number of analysts stood in same position. Shantanu Narayen is one of the biggest insider owners in Adobe Systems Incorporated (NASDAQ:ADBE), according to U.S. Securities and Exchange Commission (SEC) filings.
The company also forecast first-quarter revenue of US$1.63 billion below average analysts' estimate of US$1.65 billion according to Thomson Reuters I/B/E/S. That means the share price went down -5.39% from its 52-week low and trades up 47.47% versus the highest price the stock has traded at during the previous year.
Next, Adobe expects full fiscal-year 2017 revenue of $6.95 billion, or 21% year-over-year growth factoring in an extra week in fiscal 2016.
10/31/2016 - Adobe Systems Incorporated had its "neutral" rating reiterated by analysts at Credit Suisse. Adobe Systems had a return on equity of 17.37% and a net margin of 19.96%. The disclosure for this sale can be found here. That is compared with the $0.62 in EPS it reported during the same period a year ago.
The authority will not be liable for anyone who makes stock portfolio or financial decisions as per the editorial, which is based only on limited and open source. Advisory Services Network LLC raised its stake in Adobe Systems by 13.5% in the second quarter.
Currently Adobe Systems Incorporated (ADBE) captured an average recommendation of " Overweight " from analysts. Smithfield Trust Co. now owns 1,018 shares of the software company's stock worth $110,000 after buying an additional 838 shares during the last quarter. DekaBank Deutsche Girozentrale now owns 141,972 shares of the software company's stock valued at $15,306,000 after buying an additional 90,200 shares in the last quarter.
NL Industries, Inc. (NYSE:NL) reported third-quarter profit of $7.4 million. 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.