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Black Friday Sees Record Sales, Still Less Than 11% Of China's Singles Day
Monday, December 2, 2019 - 1:30am | 420Read More...The online sales on Black Friday hit a record of $7.4 billion this year, according to the 2019 Holiday Shopping Trends report by Adobe Inc (NASDAQ: ADBE). Record Sales The sales are up 19.6% compared to last year. The Black Friday sales fell slightly short of Adobe’s estimated $7.49...
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Analyst: Buy The Adobe Dip, Despite Q3 Bookings 'Blip'
Wednesday, September 20, 2017 - 8:07am | 347Read More...Adobe Systems Incorporated (NASDAQ: ADBE) reported fiscal third quarter earnings, which may have fallen short of investor expectations based on the stock's 2.7 percent decline. Nevertheless, Adobe's earnings report includes many positive readouts that reinforces the case to owning the stock...
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Adobe Hit A New High, But Are Analysts Impressed?
Friday, June 23, 2017 - 7:39am | 786Read More...Shares of Adobe Systems Incorporated (NASDAQ: ADBE) hit a new all-time high of $147.45 Wednesday after impressing investors with its earnings report. But are Wall Street analysts equally bullish on the company? Credit Suisse: Continued Momentum Adobe reported a strong earnings report in which...
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Adobe's Q2 Earnings: Expect Creative Cloud Unit To Drive Strength
Monday, June 19, 2017 - 3:06pm | 268Read More...Analysts at Credit Suisse maintained an Outperform rating and $150 price target on Adobe Systems Incorporated (NASDAQ: ADBE) ahead of Tuesday's earnings report. Credit Suisse's Michael Nemeroff is expecting Adobe to report revenue of at least $1.731 billion, which represents a 23.8 percent...
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Success Stories With Facebook, T-Mobile And Others Keep Adobe Stock A Core Holding
Friday, March 17, 2017 - 9:05am | 454Read More...Shares of Adobe Systems Incorporated (NASDAQ: ADBE) hit a new all-time high just shy of $130 after the company's fiscal first quarter report came in better than expected. Brent Bracelin of Pacific Crest maintained an Overweight rating with a price target boosted to $142 from $122. Bracelin...
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High Earnings Expectations For Adobe, Not So Much For Oracle
Monday, December 12, 2016 - 7:18am | 527Read More...As the quarter and the calendar year wind down, things have turned quiet on the earnings front. Yet, the latest quarterly numbers from leading software companies Adobe Systems Incorporated (NASDAQ: ADBE) and Oracle Corporation (NASDAQ: ORCL) will be among the highlights this week. The consensus...
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Adobe's Acquisition Of TubeMogul Validates DSP TV Model
Thursday, November 10, 2016 - 10:15am | 354Read More...Adobe Systems Incorporated (NASDAQ: ADBE) announced Thursday it has agreed to acquire TubeMogul Inc (NASDAQ: TUBE) in a deal which values the company at $14 per share. TubeMogul provides a single platform that allows brands and agencies to plan and buy video advertising across desktop, mobile,...
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Amazon Moves Cloud Service Focus From Startups Like Lyft To Big Enterprises Like Netflix And Capital One
Thursday, July 14, 2016 - 1:26pm | 346Read More...According to the report published Wednesday, Pacific Crest analysts (after attending the summit in Santa Clara) believe Amazon.com, Inc. (NASDAQ: AMZN)'s Amazon Web Services (AWS) continues to capitalize on the multiyear secular shift to cloud platforms. "While AWS remains a key enabler within the...
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Adobe Stock Is Rising After Earnings; Highlights From Q4 Conference Call
Friday, December 11, 2015 - 10:35am | 772Read More...Shares of Adobe Systems Incorporated (NASDAQ: ADBE) hit a new 52-week high of $93.65 on Friday morning. Adobe reported earnings of $0.62 per share on revenue of $1.31 billion in its fourth quarter results on Thursday. Following the earnings print, Adobe's management hosted a...
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Inside Avid Everywhere With Avid Technology, Inc. CEO Louis Hernandez, Jr.
Wednesday, May 13, 2015 - 3:15pm | 1212Read More...“We're trying to solve a bigger problem. It's not just an editor, audio, storage or marketing. It's actually the whole thing that's the business problem,” Avid Technology, Inc. (NASDAQ: AVID) CEO Louis Hernandez, Jr. explained to Benzinga in part two of a two-part...
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Klipfolio Raises $6.2 Million, Proves It's Never Too Late To Act Like A Startup
Wednesday, February 25, 2015 - 5:14pm | 568Read More...Klipfolio, a company that's focused on disrupting the cloud dashboard market, waited 13 years to raise $1.7 million. After fulfilling its goals for 2014, the company decided to continue behaving like a startup. "We raised the seed round last February," Allan Wille, co-founder,...
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Shutterstock Is A 'High Quality Business With A Large Opportunity Ahead'
Friday, February 13, 2015 - 12:06pm | 249Read More...In a report published Friday, Jefferies analyst Brian Fitzgerald said that Shutterstock Inc (NYSE: SSTK) showed a "strong finish" to the year and that the company should be viewed as a "high quality business with a large opportunity ahead of it." Fitzgerald noted three key focus point for investors...
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SunTrust On The Expected Evolution Of The Ad Tech Ecosystem
Thursday, January 29, 2015 - 12:20pm | 717Read More...In a report published Thursday , titled Ad Tech Primer: From “Pipe” To ”Hourglass,” SunTrust's Bob Peck and his team took a look at the Internet and Digital Media sector. Below are some of the main takeaways. 1) “The market is going programmatic.” The...
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Microsoft Takes 'A Step Back In The Journey Forward,' Credit Suisse Says
Tuesday, January 27, 2015 - 9:11am | 299Read More...In a report published Tuesday, Credit Suisse analysts trimmed their forecast for Microsoft Corporation (NASDAQ: MSFT) after the company reported fiscal second-quarter results. The firm adjusted its fiscal 2015 revenue estimate to $94.412 billion (from $98.627 billion), and its EPS projection to $...
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Cantor Fitzgerald: Cyber Five Results Bode Well For E-Commerce Group, But Omnichannel Retailers Stand Out
Wednesday, December 3, 2014 - 10:13am | 278Read More...Youssef Squali commented in a note on Wednesday that Cyber Monday results showed decelerating growth over the prior days but looking at the entire Thanksgiving five-day period, data points indicate a “very positive” read. According to Adobe Cyber Monday sales were up 16 percent from...
