Adobe Systems (ADBE) Given Coverage Optimism Rating of 0.25

Press coverage about Adobe Systems (NASDAQ:ADBE) has trended somewhat positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Adobe Systems earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned news stories about the software company an impact score of 44.9596359763007 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

Several analysts recently weighed in on ADBE shares. Stifel Nicolaus restated a “buy” rating and issued a $175.00 price objective (up from $163.00) on shares of Adobe Systems in a report on Thursday, October 19th. Canaccord Genuity reiterated a “buy” rating and issued a $185.00 target price (up previously from $170.00) on shares of Adobe Systems in a research note on Thursday, October 19th. Robert W. Baird set a $160.00 target price on Adobe Systems and gave the company a “buy” rating in a research note on Friday, October 6th. Piper Jaffray Companies reiterated a “buy” rating and issued a $195.00 target price on shares of Adobe Systems in a research note on Thursday, October 19th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $185.00 target price on shares of Adobe Systems in a research note on Thursday, October 19th. Nine analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $187.00.

Shares of Adobe Systems (ADBE) traded down $0.47 during midday trading on Friday, reaching $195.73. The company had a trading volume of 2,340,000 shares, compared to its average volume of 2,900,000. The stock has a market capitalization of $96,480.00, a price-to-earnings ratio of 57.74, a P/E/G ratio of 2.52 and a beta of 1.05. Adobe Systems has a 52-week low of $108.04 and a 52-week high of $198.21. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.23.

Adobe Systems (NASDAQ:ADBE) last issued its earnings results on Thursday, December 14th. The software company reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.10. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.95 billion. Adobe Systems had a return on equity of 22.57% and a net margin of 23.20%. Adobe Systems’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 earnings per share. sell-side analysts anticipate that Adobe Systems will post 4.58 earnings per share for the current year.

In related news, EVP Matthew Thompson sold 2,190 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $173.42, for a total value of $379,789.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Charles M. Geschke sold 21,276 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $186.55, for a total value of $3,969,037.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,972 shares of company stock worth $14,613,967. 0.38% of the stock is owned by insiders.

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About Adobe Systems

Adobe Systems Incorporated is a software company. 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.

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