Adobe Delivers Record Revenue of $2 Billion in Q4
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BofA/Merrill Lynch Remains Bullish on Adobe Systems (ADBE) Following 4Q Beat
December 15, 2017 7:55 AM ESTBofA/Merrill Lynch reiterated a Buy rating and $220.00 price target on Adobe Systems (NASDAQ: ADBE) following the company's 4Q earnings report. ADBE printed a strong beat (sales +2.1%, EPS +7.5% vs Street), guided FQ1:18E revs/EPS slightly better than Street (revs... More
Adobe (ADBE) PT Raised to $205 at Cowen
December 15, 2017 6:15 AM ESTCowen analyst J. Derrick Wood raised his price target on Adobe (NASDAQ: ADBE) to $205.00 (from $200.00) while maintaining a Outperform rating following a very solid ~$50 million / $0.10 beat.
Wood notes Digital Media remains the main upside driver with no let up in the growth... More
Adobe Systems (ADBE) Tops Q4 EPS by 10c, Q1 EPS Guidance Tops Views
December 14, 2017 4:06 PM EST(Updated - December 14, 2017 4:18 PM EST)
Adobe Systems (NASDAQ: ADBE) reported Q4 EPS of $1.26, $0.10 better than the analyst estimate of $1.16. Revenue for the quarter came in at $2.01 billion versus the consensus estimate of $1.95 billion.
"Adobe delivered record revenue of $2 billion in Q4," said... More
