Form 8-K ADOBE SYSTEMS INC For: Dec 10
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Adobe (ADBE) Ends FY15 Strong; Guidance Remains Conservative - FBR
December 11, 2015 6:00 AM ESTFBR & Co. affirms Adobe (Nasdaq: ADBE) at Market Perform with a price target of $100 following the company's Q4 report and outlook issued Thursday night.
Analyst Samad Samana noted the following key points:
New estimates. We are lowering our F1Q16 revenue estimate from $1.35B to $1.34B but maintaining our $0.63 pro forma EPS estimate. We are raising our FY16 revenue... More