Weak guidance raised questions about the software company's competitiveness in the current AI-centric environment.After the closing bell Thursday, Adobe (ADBE -9.21%) reported results for its fiscal third quarter that topped analysts' expectations. Despite that, shares of business software company were trading more than 9% lower early Friday afternoon, and it appears that the company's disappointing guidance for the quarter currently underway was the key driver of the sell-off.Unexpected headwinds blowingI ...

Adobe TodayADBEAdobe$534.26 -52.29 (-8.91%) 52-Week Range$433.97▼$638.25P/E Ratio48.00Price Target$606.86Add to WatchlistInvestors needn’t worry about Adobe’s NASDAQ: ADBE near-term price action because of the longer-term value gains derived from its quality. Adobe investors should instead focus on the bullish longer-term price action. The chart of monthly prices shows this leading SaaS provider that monetizes AI today is in a solid uptrend. The uptrend is marked by high volatility in 2020-2022, resulting f ...

wwing I published my 'Strong Buy' thesis on Adobe Inc. (NASDAQ:ADBE) in June 2024, highlighting their strong AI positions in Firefly. Adobe released a strong Q3 result on September 12th after the bell, while they guided a weak growth in net new digital media annual recurring revenue (ARR) for Q4. Adobe is set to release their Firefly Video Model later this year, enabling creators to generate video powered by AI. I continue to believe Adobe's digital media and digital experience will remain relevant in the A ...

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange in New York City, Feb. 20, 2024.Shares of Adobe fell more than 9% on Friday, a day after the company released third-quarter results that offered worse-than-expected guidance for the fourth quarter.Adobe reported $5.41 billion in revenue for the quarter, up 11% year-over-year and above the $5.37 billion expected by analysts according to LSEG. The company's net income for the period was $1.68 billion, o ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Friday.Shares of Adobe Inc.  ADBE shares declined 10.3% to $75.02 in pre-market trading after the company reported quarterly results.Adobe reported better-than-expected earnings for its third quarter on Thursday. The company said it sees fourth-quarter revenue in a range of $5.5 billion to $5.55 billion and earnings of between $4.63 and $4.68 per share.Adobe shares dipped 8.5% to $537.00 in pre-market trading.Here are so ...

JHVEPhoto Adobe (NASDAQ:ADBE) stock fell by 9.1% in after-hours trading after reporting its Fiscal Q3-2024 results. However, the digital media and design software stock likely didn't deserve to fall by that much. The main reason for the fall was the lower-than-expected guidance, but it was hardly a miss. Now, you have a growing industry-leading company that's back to a reasonable valuation, and that suggests long-term upside from here. As a result, I rate the stock as a Buy. If ADBE stock falls more in the ...

bennymarty Investment Thesis Adobe (NASDAQ:ADBE) delivered a mediocre outlook with its fiscal Q3 2024 results, which led to a 9% sell-off. Even though its outlook wasn't too far off analysts' own expectations, this has been a battleground stock for a long time. Bulls call Adobe a value stock, while bears question whether this business is flying high on narrative and low on growth rates. For my part, I'm very much on the fence with Adobe, and believe that there are amply better opportunities elsewhere. Rapid ...

Core View - Adobe shares dropped sharply in extended trading due to a disappointing current-quarter outlook, despite better-than-expected fiscal Q3 results [1][3] - The stock is at risk of breaking below the lower trendline of an ascending triangle pattern, potentially starting a new downtrend [1][3] Technical Analysis - Adobe shares have been trading within an ascending triangle since late February, with a recent golden cross formation indicating a potential uptrend [3] - The stock fell 9 1% to $533 in after-hours trading, signaling a possible breakdown below the triangle's lower trendline [3] Key Support Levels - $500: Psychological support level and horizontal line connecting peaks and troughs from June 2023 to August 2024 [4] - $439: Potential buying opportunity near pre-gap consolidation period from May to June 2023, aligning with the May 2024 swing low [4] - $386: Support area near peaks from February to April 2023 [4] - $333: Long-term correction target, aligning with the May 2023 swing low and measured move price target [5] Key Resistance Level - $550: Potential selling pressure during countertrend moves, near the ascending channel's lower trendline [6] Market Context - Adobe shares have gained 28% over the past three months but remain underwater for the year due to cautious enterprise spending amid economic uncertainty and high interest rates [2]

Adobe Inc. (NASDAQ:ADBE) Q3 2024 Earnings Conference Call September 12, 2024 5:00 PM ET Company Participants Jonathan Vaas - Vice President of Investor Relations Shantanu Narayen - Chair and Chief Executive Officer David Wadhwani - President, Digital Media Business Anil Chakravarthy - President, Digital Experience Business Dan Durn - Executive Vice President and Chief Financial Officer Conference Call Participants Alex Zukin - Wolfe Research Mark Murphy - JPMorgan Keith Bachman - BMO Capital Markets Saket K ...