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Earnings Get Busy Later This Week As Broadcom, Adobe, Oracle Put Tech In Focus
Wednesday, December 9, 2020 - 10:54am | 2346Read More...A year ago, who would have thought the market would notch new all-time highs almost daily based on the prospect of something as elementary as vaccinations? But here we are, steadily setting fresh records mainly due to investor enthusiasm that normal times could be around the corner. That...
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Monday's Market Minute: Watching Central Bank Decisions
Monday, December 7, 2020 - 10:56am | 464Read More...With U.S. and global indices at or near all-time highs to begin the week, investors are watching the potential for new stimulus to come from lawmakers and progress related to the coronavirus vaccine distribution and acceptance, but that’s not all you should be dialed in on. This week kicks...
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This Week's Earnings Repertoire
Monday, September 21, 2020 - 12:18pm | 962Read More...Last week, the S&P 500 index fell 1.6% in the week's run while NASDAQ and Dow Jones Industrial Average were dragged by the continued weakness in Big Tech. With indications slow economic recovery filled with uncertainties, the Federal Reserve also announced it will not raise interest rates...
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Adobe Beats Q1 Targets, But Expects A Coronavirus-Caused Hit In Q2
Friday, March 13, 2020 - 10:27am | 735Read More...Adobe Inc. (NASDAQ: ADBE), the marketing software and digital media maker from San Jose, California, announced its first fiscal quarter results late Thursday. The company managed to beat Wall Street's targets, which is good news for the investors. On the other hand, the outlook does not look as...
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Adobe Abandons Flash Platform on Mobile and TV, What Does this Mean?
Thursday, November 10, 2011 - 5:17pm | 308Read More...With Adobe (NASDAQ: ADBE) abandoning the Flash platform on mobile and television, what does this mean for the rest of the technology landscape? 1) Steve Jobs was right. People didn't really need flash on their mobile device. Flash was a resource hog, it sapped processor cycles and battery life...
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Bank Of America Coments On Adobe F2Q Results
Wednesday, June 22, 2011 - 8:09am | 87Read More...According to Bank of America, Adobe (NASDAQ: ADBE) reported F2Q results beating estimates and consensus, while the upside was in-line with our preview. Bank of America said that total rev was $1.023bn vs our est of $992mn and cons of $994mn, and pro forma EPS was $0.55 vs our est of $0.50 and cons...
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Morgan Stanley Maintains Equal-Weight Rating On ADBE
Wednesday, June 22, 2011 - 7:55am | 142Read More...Morgan Stanley is maintaining its Equal-Weight rating on Adobe Systems (NASDAQ: ADBE) following the company's release of Q2 results. According to Morgan Stanley, “Q2 was a mixed bag as strength in Japan and CS 5.5 were offset by weakness in Europe and Enterprise. Total rev. of $1,023M and EPS of $...
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Piper Jaffray Previews Q2 Results On ADBE
Friday, June 17, 2011 - 7:59am | 116Read More...Piper Jaffray is maintaining its Neutral rating and $36 price target on Adobe Systems (NASDAQ: ADBE) in advance of the compnay's Q2 results, to be released Tuesday. Says Piper Jaffray, in its report, “Adobe will report Q2 (May-11) results on 6/21. Based on domestic distributor checks and domestic...
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Credit Suisse Lowers Esimates On Adobe Systems
Wednesday, March 23, 2011 - 9:30am | 38Read More...In a report published by Credit Suisse, it is lowering the estimates on Adobe Systems (NASDAQ: ADBE). The target price is $34.00 and rating is Neutral. Adobe Systems closed yesterday at $32.36.
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Morgan Stanley Reports Solid Enterprise And Acrobat Results Fpr Adobe Systems
Wednesday, March 23, 2011 - 7:44am | 118Read More...In a report published by Morgan Stanley, Adobe Systems (NASDAQ: ADBE) saw Solid Enterprise & Acrobat results, margin upside and strong buybacks all highlighted Q1. Morgan Stanley said that ADBE also prudently de-risked Q2 for Japan, although visibility on Q2 is lower than usual and ADBE will...
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Morgan Stanley Comments On Solid Q1 Results For Adobe Systems
Thursday, March 17, 2011 - 7:41am | 161Read More...In a report published by Morgan Stanley, Adobe Systems (NASDAQ: ADBE) Q1 results look solid, and guidance is the key question. Morgan Stanley said that it remains bullish on the long term prospects for ADBE, and anticipates solid Q1 results aided by 1 point of currency benefit YoY. “Our checks...
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Piper Jaffray Maintains Neutral Rating, $36 PT On ADBE
Tuesday, March 1, 2011 - 8:32am | 124Read More...Piper Jaffray is maintaining its Neutral Rating and $36 PT on shares of Adobe Systems Inc. (NASDAQ: ADBE). “Checks with half (10) of Adobe's 20 US license distributors suggest in-line Feb quarter results,” Piper Jaffray writes. “Distributors, on average, saw their Adobe business up 1% q/q in the...
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Betting On Earnings Events
Wednesday, September 22, 2010 - 3:39am | 587Read More...While it's not earnings season yet, a few large companies have reported earnings recently, and created quite some excitement already. It started with BestBuy (NYSE: BBY) reported better than expected earnings and strong guidance on Sep. 14, and its stock gapped up 7.5% the next day. Next was...
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Adobe User Survey Shows Tremendous CS5 Acceptance
Thursday, September 16, 2010 - 7:57am | 108Read More...Adobe Systems, Inc. (NASDAQ: ADBE) has shown solid CS5 upgrade patterns since its April 2010 launch, which is considerably more meaningful than the pre-CS4 results, as 46% have already upgraded to CS5 and for those who haven't yet upgraded, the intentions are between 90-92%, according to Piper...
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Analysts Upgrade Adobe (ADBE) And Raise Target Price
Wednesday, February 10, 2010 - 2:48pm | 165Read More...Two analysts who follow Adobe Systems Inc. (Nasdaq: ADBE) raised their ratings for the software maker's stock today. Jefferies & Co. analyst Ross MacMillan raised his rating of Adobe Systems from Hold to Buy. "We continue to believe that the CS5 product cycle will be decent, driven by...
