Adobe (ADBE) April volatility elevated into results and guidance

Adobe (Nasdaq: ADBE) is expected to report Q1 EPS on March 22 after the market close. Citigroup lowered its EPS view on ADBE on Japan being its second-largest market. April put option implied volatility of 42 is above its six-month average of 35 according to Track Data, suggesting larger price movement.

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