Adobe (NASDAQ:ADBE) Earns Daily News Sentiment Score of 0.63

News coverage about Adobe (NASDAQ:ADBE) has been trending somewhat positive this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Adobe earned a news impact score of 0.63 on their scale. InfoTrie also assigned news articles about the software company an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media headlines that may have impacted Adobe’s score:

Several brokerages have recently weighed in on ADBE. Nomura decreased their price objective on Adobe from $315.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. BMO Capital Markets dropped their price objective on Adobe from $310.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Wells Fargo & Co increased their price objective on Adobe from $275.00 to $285.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. JMP Securities reissued a “hold” rating on shares of Adobe in a research note on Wednesday, September 18th. Finally, Griffin Securities boosted their target price on shares of Adobe from $303.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $304.92.

Adobe stock traded up $0.04 during mid-day trading on Tuesday, hitting $302.79. 1,053,847 shares of the company’s stock traded hands, compared to its average volume of 2,095,197. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a 50 day simple moving average of $286.37 and a two-hundred day simple moving average of $286.87. Adobe has a fifty-two week low of $204.95 and a fifty-two week high of $313.11. The stock has a market cap of $149.84 billion, a price-to-earnings ratio of 54.56, a P/E/G ratio of 2.98 and a beta of 1.11.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Tuesday, September 17th. The software company reported $2.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.97 by $0.08. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.82 billion. Adobe had a net margin of 26.10% and a return on equity of 30.49%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.73 earnings per share. On average, research analysts anticipate that Adobe will post 6.39 earnings per share for the current fiscal year.

In related news, CMO Ann Lewnes sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $274.34, for a total value of $823,020.00. Following the transaction, the chief marketing officer now owns 52,398 shares in the company, valued at approximately $14,374,867.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 9,000 shares of company stock valued at $2,533,770 in the last ninety days. 0.32% of the stock is currently owned by insiders.

Adobe Company Profile

Adobe Inc operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. Its flagship product is Creative Cloud, a subscription service that allows customer to download and access the latest versions of its creative products.

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