Adobe said on Wednesday that it has agreed to acquire search engine optimization company Semrush for about $1.9 billion in cash, as the Photoshop maker seeks to augment its suite of marketing offerings.
Adobe Inc (NASDAQ:ADBE) said on Wednesday it will acquire Semrush Holdings Inc (NYSE:SEMR), a marketing analytics and brand visibility platform, in an all-cash transaction valued at approximately $1.9 billion. Adobe will pay $12 per share, representing a premium of roughly 75% to Semrush's prior closing price.
Adobe to acquire Semrush for $12 a share.
Photoshop maker Adobe is nearing a $1.9 billion deal to acquire software platform Semrush , the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Semrush helps businesses from Amazon to TikTok with search-engine optimization and marketing.
Adobe Inc. remains resilient with strong revenue growth and profit margins, despite investor concerns over generative AI disruption. ADBE stock trades at a significant discount to historical valuation multiples, offering an attractive entry point even if growth slows. Management is aggressively repurchasing shares, leveraging robust cash flow and a conservative balance sheet to drive shareholder returns.
We believe Adobe (ADBE) is starting to screen like a value candidate. The stock now trades nearly 40% below its 12-month high and at a price-to-sales ratio meaningfully below its three-year average — a rare reset for a premium software name.
Zacks.com users have recently been watching Adobe (ADBE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
The latest trading day saw Adobe Systems (ADBE) settling at $337.05, representing a +1.15% change from its previous close.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Adobe Systems (ADBE) reached $327.35 at the closing of the latest trading day, reflecting a -2.44% change compared to its last close.