Adobe Inc. (ADBE)
| Market Cap | 271.63B |
| Revenue (ttm) | 19.41B |
| Net Income (ttm) | 5.43B |
| Shares Out | 455.30M |
| EPS (ttm) | 11.81 |
| PE Ratio | 50.52 |
| Forward PE | 33.67 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,890,193 |
| Open | 596.09 |
| Previous Close | 595.52 |
| Day's Range | 592.94 - 600.75 |
| 52-Week Range | 318.60 - 633.89 |
| Beta | 1.34 |
| Analysts | Buy |
| Price Target | 590.15 (-1.08%) |
| Earnings Date | Dec 13, 2023 |
About ADBE
Adobe Inc., together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform. Its flagship product is Creative Cloud, a subscription service that allows members to access its creative products. This se... [Read more]
Financial Performance
In 2023, Adobe's revenue was $19.41 billion, an increase of 10.24% compared to the previous year's $17.61 billion. Earnings were $5.43 billion, an increase of 14.13%.
Financial StatementsAnalyst Forecast
According to 29 analysts, the average rating for ADBE stock is "Buy." The 12-month stock price forecast is $590.15, which is a decrease of -1.08% from the latest price.
News
CIC Wealth's Malcolm Ethridge says these two companies could join the 'Magnificent 7'
Malcolm Ethridge, CIC Wealth, joins 'Closing Bell' to discuss the tech sector and which companies he expects to join the Magnificent 7 next year.
FPT Software Bags Gold in Adobe Solution Partner Program
HANOI, Vietnam--(BUSINESS WIRE)-- #Adobe--Global IT company FPT Software recently became a Gold Partner in the Adobe Solution Partner Program with a Specialization in Commerce. The updated partnership...
Buy Alphabet, skip Adobe: Good Buy or Goodbye
Too many investors to count are talking about the Magnificent Seven tech stocks that have been dominating the S&P 500 (^GSPC). All of these companies have turned their attention to another ever-presen...
SHAREHOLDER ALERT: Levi & Korsinsky Notifies Adobe Inc.(ADBE) Investors of a Class Action Lawsuit and Upcoming Deadline
NEW YORK , Dec. 19, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Adobe Inc. ("Adobe" or the "Company") (NASDAQ: ADBE) of a class action securities lawsuit. CLASS DEFINITION: The la...
Adobe and Figma Terminate $20 Billion Deal
Adobe called off its $20 billion acquisition of startup Figma after clashing with regulators in Europe and the UK, according to a company statement Monday. Bloomberg's Brody Ford has more on "Bloomber...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Adobe, Inc. - ADBE
NEW YORK , Dec. 18, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Adobe, Inc. ("Adobe" or the "Company") (NASDAQ: ADBE). Such investors are advised to contact ...
Adobe has a big hole to fill after the $20B Figma deal falls through
Adobe and Figma ended their $20 billion acquisition dream this morning after regulators signaled it would con be rough going. Figma still gets a $1 billion consolation prize as part of the deal, and a...
Adobe terminates $20 billion Figma deal: Here's what you need to know
CNBC's Deirdre Bosa joins ‘The Exchange' to discuss the latest on Adobe and Figma calling off a $20 billion acquisition.
Adobe's dropped acquisition of Figma is the latest sign of regulatory obstacles
Rising regulatory barriers and a torrent of lawsuits are giving tech behemoths in pursuit of mega-mergers pause and eventually could force them to reset their business practices.
Adobe and Figma Jettison $20 Billion Deal Amid Regulatory Pressure
Adobe abandoned its $20 billion purchase of designer platform Figma over regulatory roadblocks. The decision, announced Monday (Dec. 18), came hours after reports that Adobe was still negotiating with...
Adobe Stock Rises After Abandoning $20B Deal to Buy Figma, Citing Regulatory Hurdles
Adobe (ADBE) shares climbed 1.8% in early trading Monday after the company announced it was calling off its $20 billion acquisition of Figma, a web-first collaborative design platform, due to regulato...
Adobe terminates $20 billion Figma deal
CNBC's Deirdre Bosa reports on the latest news with Adobe and Figma.
Adobe, Figma call off $20B deal over regulatory concerns
Adobe (ADBE) is scrapping its $20 billion acquisition of Figma over concerns the deal wouldn't get the needed regulatory approvals. In a joint statement, the two companies say the deal was terminated ...
Photoshop-maker Adobe scraps rival buyout after EU, UK pushback
Photoshop giant Adobe has scrapped its plans to buy up software company Figma after encountering opposition to the deal by regulators in the EU and Britain, the company said on Monday.
Adobe Terminates $20 Billion Deal For Figma—Both Firms Say There's ‘No Clear Path' For Regulator Approval
Adobe will terminate its $20 billion deal to acquire the software company Figma, after both companies indicated there is “no clear path” for approval from antitrust regulators in the European Union an...
Adobe drops $20bn takeover of Figma after EU and UK regulator concerns
UK's CMA said deal would threaten competition in the product design, image editing and illustration markets
Adobe just gave up on its plans of buying Figma
Adobe Inc (NASDAQ: ADBE) opened in the green this morning after giving up on its pursuit of buying Figma for $20 billion.
Adobe and Figma terminate $20 billion merger agreement
CNBC's Becky Quick reports on news from Adobe and Figma.
Adobe has called off its plans to acquire rival Figma for $20 billion
Adobe is no longer acquiring rival Figma, the companies said Monday. Adobe had been set to acquire the design software company for around $20 billion.
Adobe, Figma to terminate $20 billion deal over regulatory hurdles
Adobe on Monday shelved its $20 billion cash-and-stock deal for cloud-based designer platform Figma, pointing to "no clear path" for approvals from antitrust regulators in the European Union and the U...
Adobe and Figma call off $20 billion merger
Adobe and Figma, the cloud-based design tool, will terminate their planned $20 billion merger in light of regulatory hurdles, the companies said Monday.
Adobe to Terminate $20 Billion Acquisition of Figma
Adobe and Figma terminate their merger agreement amid pushback from regulators.
Adobe and Figma end $20B acquisition plans after regulatory headwinds in Europe
Adobe's $20 billion mega-bid to buy rival Figma is now officially dead, after the companies said today that regulatory pushback in Europe had caused them to put an end to the acquisition plans.
Adobe to terminate $20 billion deal to buy Figma
Shares of Adobe Inc. ADBE, +0.01% climbed 1.9% in premarket trading Monday after the software company and design tools maker Figma said they have agreed to terminate the $20 billion merger agreement. ...
Adobe and Figma Mutually Agree to Terminate Merger Agreement
SAN JOSE, Calif. & SAN FRANCISCO--(BUSINESS WIRE)--Today, Adobe (Nasdaq:ADBE) and Figma announced that they have entered into a mutual agreement to terminate their previously announced merger agreemen...