|Bid||177.00 x 500|
|Ask||177.94 x 500|
|Day's Range||174.30 - 179.98|
|52 Week Range||102.47 - 186.27|
|PE Ratio (TTM)||52.52|
|Earnings Date||Mar 15, 2018|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||186.53|
Adobe announced a record quarter yesterday with $2.01 billion in revenue for Q42017. Experience Cloud, which includes Adobe Marketing Cloud, Adobe Analytics Cloud and Adobe Advertising Cloud in many ways represents promise for even greater revenue in the future. Creative Cloud, which includes popular tools like PhotoShop and InDesign, took in $1.16 billion for the quarter as it continues to be the chief revenue cash cow for the company.
Jim Cramer broke down the week ahead, in which data from Europe and a trickle of earnings reports could push stocks even higher.
All three main U.S. stock-market benchmarks close at fresh records on Friday and book weekly gains, as investors grow optimistic about the progress of the Republican-led tax cut bill.
Stocks rallied to record highs as Trump tax cuts moved closer to final passage. Disney is buying most of Fox and launched "The Last Jedi." The Fed still sees 3 hikes in 2018, while the FCC ended net neutrality.
The stock market held strong gains late Friday as all three major stock indexes looked poised for record closing highs.
Shares of Adobe (ADBE) are up $2.27, or 1.3%, at $177.27, and are the cloud computing darling to offset investor disappointment with Oracle (ORCL), after both companies reported quarterlies yesterday afternoon but Adobe’s fiscal Q4 report was the cleaner beat. While price targets are going lower for Oracle, they’re rising at several shops for Adobe, and nary a negative thought is heard from the bears, either. The new high price on the Street comes from Keybanc’s Brent Bracelin, who reiterates an Overweight rating and raises his target to $220 from $216, writing that one of the most impressive aspects of the report was the operating profit margin of 42%, “the highest since early 2008." Adobe remains “one of the core cloud stocks to own for 2018” given the prospect for 20% or better revenue growth.
Adobe reported better-than-expected quarterly revenue and profit Thursday, driven by strength in its digital media business.
Adobe stock received at least six price-target hikes after the digital media and marketing software firm posted better-than-expected fourth-quarter results.