Adobe Systems Incorporated (ADBE) Maintains Buy Rating
March 15, 2010 2:09 PM
Analysts Sasa Zorovic and Robert Simmons at Janney Capital Markets have released an update on Adobe Systems Incorporated (NASDAQ: ADBE).
Analysts expect a strong release for CS5, which is a month away. Analysts believe that tight integration of Web analytics functionality within Creative Suite is a key factor in realizing top line synergies from the acquisition of Omniture.
Adobe will report its first quarter results on March 22. Analysts expect the company to report results in-line with estimates. Analysts forecast first-quarter revenue and EPS of $826 million and $0.38, respectively.
Analysts at Janney Capital Markets have maintained their Buy rating for Adobe Systems Incorporated, with a fair value estimate of $43 for the company’s stock.
