The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Adobe Systems (ADBE) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Adobe currently has an avera ...

J Studios Shares of Adobe (NASDAQ:ADBE) crashed 9% on Friday after the software maker submitted a weaker-than-expected revenue outlook for the current quarter. Overall, Adobe's third-quarter results were overall solid as the company continues to scale its AI offers and sees strong momentum in its biggest segment, Digital Media. Adobe also benefited from a 1 PP revenue acceleration compared to the prior quarter and increased its profitability at double-digits on both an operating and net income basis. Shares ...

Have you looked into how Adobe Systems (ADBE) performed internationally during the quarter ending August 2024? Considering the widespread global presence of this software maker, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth. The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become essential for inve ...

Should investors buy the recent dip in the stock?When it comes to generative artificial intelligence (AI), one company that has been at the forefront on the software side is Adobe (ADBE -8.47%). The company has added a number of AI-related features to both its Creative line of products, such as Photoshop, and its Acrobat-led Document Cloud business.While the company has been seeing some benefits from AI, the stock took a hit after the company's fiscal third-quarter results. It's now down about 10% on the ye ...

Shares of Adobe dropped as much as 10% on Friday.In this video, I will go over Adobe's (ADBE -8.47%) third-quarter earnings report. Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Sept. 12, 2024. The video was published on Sept. 12, 2024. ...

The Q3 earnings season will take the spotlight when the big banks start reporting their quarterly results from October 11th onwards. However, we count the ‘official’ start of the Q3 reporting cycle much earlier, when companies with fiscal quarters ending in August come out with quarterly results.The results in recent days from Oracle (ORCL) and Adobe (ADBE) fall in this category and, therefore, get counted as part of the overall 2024 Q3 earnings season tally. Of these two, the Oracle report was really impre ...

Adobe’s Firefly Services are at the forefront of AI-driven innovation, now reaching a significant milestone of 12 billion generations. This achievement highlights Adobe’s strategic focus on enhancing its Creative Cloud and Document Cloud platforms, showcasing how its AI technologies are reshaping content creation and document workflows with efficiency and creativity.During the company’s third-quarter earnings conference call with analysts and investors Thursday (Sept. 12), Adobe president and CEO Shantanu N ...

Key TakeawaysAdobe shares tumbled Friday amid concerns about the software maker's weaker-than-expected outlook.However, analysts were bullish on the stock, saying the company's projection was likely conservative, expecting it could benefit from artificial intelligence.They suggested subscription upgrades to access Firefly, Adobe's family of generative AI models, will be a key metric to watch. Adobe (ADBE) shares plunged nearly 9% Friday amid concerns about its weaker-than-expected outlook, but analysts were ...

Key TakeawaysThe S&P 500 advanced 0.5% on Friday, Sept. 13, 2024, amid growing expectations of a steeper rate cut by the Federal Reserve next week. Shares of online retailer Etsy jumped as the Biden administration proposed new rules to limit tariff exemptions that often benefit Chinese e-commerce companies.Adobe shares tumbled after the software giant issued a weaker-than-expected sales forecast for the current quarter. Major U.S. equities indexes climbed Friday to wrap up a week of gains as recent data on ...

Adobe Inc. (ADBE) released third-quarter fiscal 2024 non-GAAP earnings of $4.65 per share, beating the Zacks Consensus Estimate by 2.65%. The figure improved 13.7% on a year-over-year basis.Total revenues were $5.41 billion, which beat the Zacks Consensus Estimate of $5.37 billion. The figure rose 11% both on a reported and a constant-currency basis from the year-ago quarter.Top-line growth was driven by the strong performances of Adobe Creative Cloud, Document Cloud and Experience Cloud. Accelerating subsc ...