Analyst Estimates for Q2 FY 2024Q1 FY 2024Q2 FY 2023Revenue$5.29 billion$5.18 billion$4.82 billionDiluted Earnings Per Share$3.34$1.36$2.82Net Income$1.51 billion$620 million$1.3 billion Key Metrics: Digital Media Growth Adobe's Digital Media segment posted $3.82 billion in revenue in the first quarter of fiscal 2024, representing 12% year-over-year growth. Analysts project Digital Media to record $3.89 billion in revenue, which would represent 10.8% growth from the year-ago period. Citi analysts said th ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Adobe (ADBE) is scheduled to report its second-quarter fiscal 2024 results on Jun 13.For the second quarter of fiscal 2024, Adobe projects total revenues between $5.25 billion and $5.30 billion. The Zacks Consensus Estimate for revenues is pegged at $5.28 billion, suggesting growth of 9.7% from the year-ago quarter’s reported figure.The company expects non-GAAP earnings between $4.35 and $4.40 per share. The consensus mark for earnings is pegged at $4.39 per share, indicating a 12.3% rise from the year-ago ...

Tech stocks have been on a remarkable rally lately, largely fueled by investors capitalizing on the artificial intelligence (AI) hype. To a rather large extent, this trend is being fueled by Nvidia (NASDAQ:NVDA). Its explosive results in recent quarters have set the stage for a broader tech boom. As artificial intelligence (AI) continues to reshape our world, the appeal of tech stocks grows stronger.However, identifying stocks that still have room to rally in this landscape can be a tough challenge. The fol ...

The upcoming report from Adobe Systems (ADBE) is expected to reveal quarterly earnings of $4.39 per share, indicating an increase of 12.3% compared to the year-ago period. Analysts forecast revenues of $5.28 billion, representing an increase of 9.7% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces its earnings, it ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Adobe. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Core Insights - The article discusses the performance and potential of various technology stocks, highlighting their growth and investment opportunities in the current market landscape. Company Summaries Meta Platforms (META) - Meta Platforms has seen a stock increase of 175% over the past five years and 38% year-to-date (YTD) with a P/E ratio of 27.5 [2] - The company recently initiated dividends at $0.50 per share, yielding 0.42%, while Q1 2024 revenue grew by 27% YOY and net income surged by 117% YOY [2][3] - Analysts rate Meta as a strong buy with a 10% upside potential from current levels [3] Crowdstrike (CRWD) - Crowdstrike reported a 33% YOY revenue growth in Q4 2024 and a net profit of $53.7 million, a turnaround from a net loss of $47.5 million the previous year [4] - The company’s annual recurring revenue reached $3.44 billion, up 34% YOY, and the stock has increased by 25% YTD and 381% over the past five years [4][5] - Analysts have a strong buy rating for Crowdstrike, with a projected 30% gain from current levels [5] Nvidia (NVDA) - Nvidia's stock has more than doubled YTD and increased over 3,000% in the past five years, driven by demand for its AI chips [6] - In Q1 2025, revenue surged by 262% YOY and net income soared by 628% YOY, with a 10-for-1 stock split attracting more investors [6][7] - Analysts rate Nvidia as a strong buy, with a projected 5% upside and a potential 30% gain based on recent price targets [7] Microsoft (MSFT) - Microsoft has achieved a 12% YTD gain and a 215% increase over the past five years, with Q3 2024 revenue up 17% YOY and net income at $21.9 billion, a 20% increase YOY [8][9] - Microsoft Cloud revenue grew by 23% YOY, contributing over half of total revenue, and the company returned $8.4 billion to shareholders through buybacks and dividends [9] - The current dividend yield is 0.73%, with an annualized growth rate of 10.60% over the past decade [9] Qualcomm (QCOM) - Qualcomm's shares are up 47% YTD and have tripled over the past five years, with a P/E ratio of 28 and a yield of 1.65% [10] - The company reported a 1% YOY revenue growth in Q2 2024, with net income increasing by 37% YOY [10] - Qualcomm returned $1.6 billion to shareholders through stock buybacks and dividends, with a quarterly dividend of $0.85 per share after a 6.3% increase [10] Oracle (ORCL) - Oracle's stock is up 15% YTD and 124% over the past five years, with a P/E ratio of 31.5 and a yield of 1.34% [11] - The company reported 7% YOY revenue growth in Q3 2024, driven by a 25% YOY increase in cloud revenue, which reached $5.1 billion [11][12] - Analysts rate Oracle as a moderate buy with a projected 17% upside and a highest price target of $160 per share, implying a 34% gain [12] Adobe (ADBE) - Adobe is rated as a moderate buy with a projected 42% upside, despite a 24% YTD decline, though it has gained 58% over the past five years [13][14] - The company reported 11% YOY revenue growth in Q1 2024, with remaining performance obligations at $17.58 billion, significantly higher than Q1 revenue of $5.18 billion [13] - Adobe repurchased approximately 3.1 million shares in the first quarter, indicating efforts to reward shareholders [14]

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Adobe Systems (ADBE) closed the most recent trading day at $439.02, moving -1.29% from the previous trading session. This change lagged the S&P 500's daily gain of 0.11%. Elsewhere, the Dow saw a downswing of 0.3%, while the tech-heavy Nasdaq appreciated by 0.56%.Coming into today, shares of the software maker had lost 8.52% in the past month. In that same time, the Computer and Technology sector gained 7.61%, while the S&P 500 gained 5.06%.Investors will be eagerly watching for the performance of Adobe Sys ...

Key PointsThree stocks could now be cheap enough for its insiders to start buying it, as buyback announcements suggest.These decisions become much more rational with fundamental tailwinds supporting the potential for higher future prices.Analysts see double-digit upside through their price targets, something investors should keep in mind.5 stocks we like better than PPG IndustriesWho is better to judge the actual intrinsic value of a stock than the insiders themselves? When the word insider is used here, it ...