Adobe Systems (ADBE) Issues Light Q4 Revenue Outlook; EPS Flat with Consensus
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Buy Adobe (ADBE) on Weakness Post Q3, BofA/Merrill Lynch Says
September 17, 2014 6:39 AM EDTBofA/Merrill Lynch analyst Kash Rangan reiterated a Buy rating and $80 SOTP target on Adobe (NASDAQ: ADBE) following results after the close. The analyst said the 5% sell-off after-hours is an overreaction and provides an opportunity to buy.
Rangan notes the stock... More
Adobe Systems (ADBE) Tops Q3 EPS by 2c
September 16, 2014 4:02 PM EDTAdobe Systems (NASDAQ: ADBE) reported Q3 EPS of $0.28, $0.02 better than the analyst estimate of $0.26. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $1.01 billion.
Adobe exited Q3 with 2 million 810 thousand paid Creative Cloud subscriptions,... More