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Why Adobe Systems (ADBE) Stock Might be a Great Pick

One stock that might be an intriguing choice for investors right now is Adobe Systems Incorporated ADBE.This is because this security in the Computer Software space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Computer Software space as it currently has a Zacks Industry Rank of 70 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Adobe Systems is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

 

ADOBE SYSTEMS Price and Consensus

ADOBE SYSTEMS Price and Consensus | ADOBE SYSTEMS Quote

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In fact, over the past two months, current quarter estimates have risen from earnings of 55 cents per share to 58 cents per share. However, current year estimates have risen from earnings of $2.21 per share to $2.28 per share.  This has helped ADBE to earn a Zacks Rank #1 (Strong Buy), which is a favorable signal.

So, if you are looking for a decent pick in a strong industry, consider Adobe Systems. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ADOBE SYSTEMS (ADBE): Free Stock Analysis Report
 
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