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Adobe Inc (ADBE.OQ)

ADBE.OQ on NASDAQ Stock Exchange Global Select Market

259.69USD
22 Mar 2019
Change (% chg)

$-4.49 (-1.70%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Adobe Sees 2019 GAAP Eps Of About $5.59
Thursday, 14 Mar 2019 

March 14 (Reuters) - Adobe Inc ::ADOBE REPORTS RECORD REVENUE.Q1 REVENUE $2.6 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.55 BILLION.QTRLY DILUTED EARNINGS PER SHARE WAS $1.36 ON A GAAP-BASIS, AND $1.71 ON A NON-GAAP BASIS.UPDATES FISCAL YEAR 2019 FINANCIAL TARGETS BASED ON ASC 606.QTRLY DIGITAL EXPERIENCE SEGMENT REVENUE UNDER ASC 606 WAS $743 MILLION.SEES ADOBE TOTAL FISCAL YEAR 2019 REVENUE ABOUT $11.150 BILLION.ADOBE UPDATES FISCAL YEAR 2019 FINANCIAL TARGETS BASED ON ASC 606.SEES 2019 GAAP EPS ABOUT $5.59.SEES TOTAL Q2 FISCAL YEAR 2019 REVENUE ABOUT $2.700 BILLION.SEES FY 2019 NON-GAAP EPS ABOUT $7.80.SEES 2019 DIGITAL MEDIA SEGMENT REVENUE ABOUT 20% YEAR/YEAR GROWTH.SEES Q2 FISCAL YEAR 2019 GAAP EARNINGS PER SHARE ABOUT $1.20.SEES Q2 FISCAL YEAR 2019 NON-GAAP EARNINGS PER SHARE ABOUT $1.77.SEES 2019 NET NEW DIGITAL MEDIA ANNUALIZED RECURRING REVENUE ABOUT $1.500 BILLION.SEES Q2 DIGITAL MEDIA SEGMENT REVENUE ABOUT 20% YEAR/YEAR GROWTH.SEES 2019 DIGITAL EXPERIENCE ANNUAL SUBSCRIPTION BOOKINGS ABOUT 25% YEAR/YEAR GROWTH.SEES 2019 DIGITAL EXPERIENCE SEGMENT REVENUE ABOUT 34% YEAR/YEAR GROWTH.SEES Q2 DIGITAL EXPERIENCE SEGMENT REVENUE ABOUT 32% YEAR/YEAR GROWTH.ANTICIPATES Q3 FY2019 & Q4 FY2019 YEAR-OVER-YEAR REVENUE GROWTH RATES TO BE SIMILAR TO GROWTH RATE IMPLIED IN Q2 FY2019 REVENUE TARGET.Q2 EARNINGS PER SHARE VIEW $1.88, REVENUE VIEW $2.72 BILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $7.77, REVENUE VIEW $11.16 BILLION -- REFINITIV IBES DATA.  Full Article

Omega Advisors Dissolves Share Stake In Adobe Systems, Cuts In Microsoft
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Omega Advisors::OMEGA ADVISORS DISSOLVES SHARE STAKE IN ADOBE SYSTEMS.OMEGA ADVISORS INC CUTS SHARE STAKE IN MICROSOFT CORP BY 73.3 PERCENT TO 245,705 SHARES - SEC FILING.OMEGA ADVISORS INC CUTS SHARE STAKE IN CITIGROUP INC BY 15.8 PERCENT TO 765,600 SHARES.OMEGA ADVISORS - CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2018.  Full Article

Adobe Inc Files For Potential Mixed Shelf Offering - SEC Filing
Friday, 25 Jan 2019 

Jan 25 (Reuters) - Adobe Inc ::ADOBE INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.ADOBE - DO NOT ANTICIPATE PAYING ANY CASH DIVIDENDS IN THE FORESEEABLE FUTURE.  Full Article

Adobe Announces Organization Change
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Adobe Inc ::ADOBE ANNOUNCES ORGANIZATION CHANGE.ADOBE INC - ANNOUNCES BROAD NEW ENTERPRISE ORGANIZATION.ADOBE INC - EXECUTIVE VICE PRESIDENT AND GENERAL MANAGER OF ITS DIGITAL EXPERIENCE BUSINESS BRAD RENCHER WILL BE LEAVING COMPANY.ADOBE INC - ADOBE CEO SHANTANU NARAYEN WILL CREATE A BROAD NEW ORGANIZATION THAT INCLUDES PRODUCT, SALES, MARKETING, SERVICES AND SUPPORT.ADOBE INC - RENCHER WILL STAY ON AS A SPECIAL ADVISOR TO ENSURE A SMOOTH TRANSITION.ADOBE - NARAYEN WILL OVERSEE NEW ENTERPRISE ORGANIZATION UNTIL NEW LEADER IS IDENTIFIED.  Full Article

Adobe Names Leeny Oberg And Dheeraj Pandey To Board Of Directors
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Adobe Inc ::ADOBE NAMES LEENY OBERG AND DHEERAJ PANDEY TO ITS BOARD OF DIRECTORS.ADOBE NAMES LEENY OBERG AND DHEERAJ PANDEY TO ITS BOARD OF DIRECTORS.ADOBE INC - APPOINTMENTS OF LEENY OBERG AND DHEERAJ PANDEY TO ITS BOARD OF DIRECTORS, EFFECTIVE JAN. 22, 2019.ADOBE INC - EDWARD "NED" BARNHOLT AND ROBERT "ROB" BURGESS HAVE EACH ANNOUNCED THEIR INTENT TO RETIRE AND STEP DOWN FROM ADOBE BOARD.  Full Article

Adobe Acquires Allegorithmic, The Leader In 3D Editing And Authoring For Gaming And Entertainment
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - Adobe Inc ::ADOBE ACQUIRES ALLEGORITHMIC, THE LEADER IN 3D EDITING AND AUTHORING FOR GAMING AND ENTERTAINMENT.ADOBE INC - TERMS OF TRANSACTION WERE NOT DISCLOSED.ADOBE - ACQUIRED ALLEGORITHMIC, THE MAKERS OF SUBSTANCE.  Full Article

Adobe Says U.S. Online Holiday Retail Spending In 2018 Finished Up 16.5 Pct Y-O-Y At $126.0 bln
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Adobe Inc ::ADOBE SAYS U.S. ONLINE HOLIDAY RETAIL SPENDING IN 2018 FINISHED UP 16.5 PERCENT Y-O-Y AT $126.0 BILLION.  Full Article

Adobe forecasts $124 billion in u.s. online sales this holiday season
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Adobe Inc ::ADOBE FORECASTS $124 BILLION IN U.S. ONLINE SALES THIS HOLIDAY SEASON.ADOBE INC - RETAILERS WITH ONLINE AND PHYSICAL STOREFRONTS TO SEE 28 PERCENT HIGHER CONVERSION ONLINE THIS HOLIDAY SEASON.  Full Article

Adobe Says On Oct. 17, Co Entered Into A Five-Year Credit Agreement
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Adobe Inc ::ADOBE SAYS ON OCTOBER 17, CO ENTERED INTO A FIVE-YEAR CREDIT AGREEMENT - SEC FILING.ADOBE SYSTEMS INC - THE REVOLVING CREDIT AGREEMENT REPLACES THE CREDIT AGREEMENT, DATED AS OF MARCH 2, 2012.ADOBE SYSTEMS INC - AS PER CREDIT AGREEMENT, CO MAY OBTAIN UP TO AN ADDITIONAL $500 MILLION IN COMMITMENTS, FOR A MAXIMUM COMMITMENT OF $1.5 BILLION.ADOBE SYSTEMS - CREDIT AGREEMENT PROVIDES FOR FIVE-YEAR $1 BILLION SENIOR UNSECURED REVOLVING CREDIT FACILITY.ADOBE SYSTEMS INC - REVOLVING CREDIT AGREEMENT WILL MATURE ON OCTOBER 17, 2023, UNLESS COMMITMENTS ARE TERMINATED EARLIER ON A VOLUNTARY BASIS.ADOBE - CO ALSO ENTERED INTO CREDIT AGREEMENT PROVIDING FOR UP TO $2.25 BILLION SENIOR UNSECURED TERM LOAN.ADOBE SYSTEMS INC - TERM LOAN WILL MATURE 18 MONTHS FOLLOWING INITIAL FUNDING DATE.  Full Article

Adobe Systems Files Amendment To Change Legal Name From Adobe Systems Inc To Adobe Inc
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Adobe Systems Inc ::ADOBE SYSTEMS - ON OCTOBER 8, CO FILED AMENDMENT TO RESTATED CERTIFICATE OF INCORPORATION TO CHANGE LEGAL NAME FROM ADOBE SYSTEMS INCORPORATED TO ADOBE INC.  Full Article