Adobe Inc. (ADBE)
The Q2 Earnings Season Gets Underway
The 'doom & gloom' view of corporate profitability that a noisy market segment appeared to subscribe to last year has largely moved to the fringes thanks to the U.S. economy's resilient performance in the face of the Fed's extraordinary tightening.
S&P 500 Gains and Losses Today: Adobe Becomes Latest Stock to Enjoy AI Boost
Major U.S. equities indexes were mixed and little changed to close out an eventful week for the markets.
Adobe shares surge 15%, head for sharpest rally since 2020
Adobe reported revenue and earnings that topped analysts' estimates. The stock jumped 15% on Friday, which would be its biggest rally since the beginning of the pandemic in March 2020.
Adobe (ADBE) Q2 Earnings & Revenues Beat Estimates, Rise Y/Y
Adobe's (ADBE) fiscal second-quarter results benefit from solid momentum across Adobe Creative Cloud, Document Cloud and Experience Cloud.
Why Adobe Stock Skyrocketed Today
Adobe beat expectations for its most recent quarter and analysts are pointing to tailwinds in the back half of the year. The company is only guiding for growth of 10% in the second half of this year, which is about the same as growth in the first half.
Adobe Expects To 'Deliver In A Bigger Way': 6 Analysts Address Key Metrics, 'Positive AI Commentary'
Shares of Adobe Inc ADBEwere climbing in early trading on Friday, with the company reported upbeat quarterly results.
Imports, Exports Latest Econ Data to Shrink
Imports posted a big drop month over month: to -0.4% in May from +0.9% in April.
Adobe Stock: It's Not Too Late To Buy The Dip
The price correction in Adobe NASDAQ: ADBE stock experienced over the past two quarters was not unwarranted. The company's AI prospects aside, the results were solid but failed to show the boost seen in other prominent AI players, including NVIDIA NASDAQ: NVDA, Micron NASDAQ: MU, Microsoft NASDAQ: MSFT, Meta NASDAQ: META, Alphabet NASDAQ: GOOGL and Oracle NYSE: ORCL.
Adobe Q2: Strong AI Positions In Firefly
Upgraded Adobe Inc. to "Strong Buy" in March 2024, highlighting AI as an ally, not an enemy. Adobe's Q2 FY24 results showed 11% revenue growth, strong AI capabilities in Firefly, and robust capital allocation. Forecasting 11% revenue growth for FY24 and 12% growth beyond FY25, reiterating a 'Strong Buy' rating with the fair value of $620 per share.
Adobe Stock Upgraded on Beat-and-Raise
Adobe Inc (NASDAQ:ADBE) reported fiscal second-quarter earnings and revenue that beat expectations.
Will AI Demand Make Adobe (ADBE) Stock the Next Nvidia?
Adobe (NASDAQ: ADBE ) stock is trending on social media and business news websites, and it is rallying about 15%. The software maker delivered beat-and-raise fiscal second-quarter results yesterday after the market closed.
