Adobe Reports Record Revenue
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Rosenblatt Reiterates Buy on Adobe Systems (ADBE) Following F2Q15
June 17, 2015 10:34 AM EDTRosenblatt reiterates a Buy rating and $90 price target on Adobe (NASDAQ: ADBE) following F2Q15 results. Analyst Kirk Adams says that ADBE reported strong numbers, and raised their outlook for the fiscal year. However, the numbers are being weighed down by the strength of the... More
Jefferies Reiterates Buy on Adobe Systems (ADBE) Following F2Q Results
June 17, 2015 7:57 AM EDTJefferies reiterates a Buy rating and $90 price target on Adobe (NASDAQ: ADBE) following F2Q results. Analyst Brad Zelnick says that ADBE exceeded expectations on creative units. FY15 revenue guidance was lowered by $80m to $4.845bn.
Zelnick commented, "We reiterate our Buy... More
Cantor Fitzgerald Remains Bullish on Shutterstock (SSTK) Following Adobe (ADBE) Stock Photo Launch
June 17, 2015 7:25 AM EDTCantor Fitzgerald reiterates a Buy rating and $100 price target on Shutterstock (NYSE: SSTK) following Adobe's (NASDAQ: ADBE) stock photo launch. Analyst Youssef Squali says that risks from the launch look overblown.
Youssef commented, "We find... More
Adobe Systems (ADBE) Tops Q2 EPS by 3c; Trims FY15 Revenue Outlook on FX Impact
June 16, 2015 4:03 PM EDT(Updated - June 16, 2015 4:18 PM EDT)
Adobe Systems (NASDAQ: ADBE) reported Q2 EPS of $0.48, $0.03 better than the analyst estimate of $0.45. Revenue for the quarter came in at $1.16 billion versus the consensus estimate of $1.16 billion.
"Strong execution against our Creative Cloud, Document Cloud and Marketing Cloud businesses drove record revenue," said Shantanu Narayen, Adobe president and chief executive... More
