David Tran Breaking Down Adobe's Q2 FY2024 Report Considering Adobe's (NASDAQ:ADBE) (NEOE:ADBE:CA) post-ER pop of ~14.5% to ~$525 per share, it is natural to assume that the software giant just delivered a blowout quarter. Now, while Adobe beat consensus street estimates and raised guidance for FY2024 [with Narayen & Co. highlighting their GenAI opportunity], Adobe's revenue beat was wafer-thin, and updated guidance came more or less in line with consensus estimates heading into the Q2 print. Seeking ...

Once threatened by the advancements in artificial intelligence (AI), shares of Adobe Inc. NASDAQ: ADBE  are now having their best day in over four years, all because of AI. The stock is now rallying by over 15% on the company’s most recent quarterly earnings results, primarily driven by some trends that have driven the technology sector higher this year.Adobe TodayADBEAdobe$525.31 +66.57 (+14.51%) 52-Week Range$433.97▼$638.25P/E Ratio47.20Price Target$605.17Add to WatchlistAnalysts were surprised that one o ...

grinvalds/iStock via Getty Images Investment Thesis Adobe (NASDAQ:NASDAQ:ADBE)'s stock rallied more than 15% after its Q2 FY2024 earnings, driven by depressed market sentiment and better-than-expected earnings results. Despite an optimistic tone from the street regarding this quarter, my view is more muted for two reasons. First, the company's revenue outlook is not only below market consensus but also does not indicate a strong growth rebound. Second, its top-line growth is expected to be 10.5% YoY in ...

The rise of generative artificial intelligence (AI) is paving the way for a smarter future. Not only are workforces getting more efficient from an operational standpoint. But also they stand to bolster their growth rates over the medium- and, more importantly, the extremely long term. It’s the long-lasting benefits that are most exciting when it comes to the top AI plays. Investors are watching those that are taking off right now, as well as those that have been long forgotten.In this piece, we’ll tune into ...

The Adobe logos are being displayed on a smartphone screen and on a computer screen in Athens, ... [+] Greece, on May 22, 2024. (Photo by Nikolas Kokovlis/NurPhoto via Getty Images)NurPhoto via Getty Images Since peaking at $663 in November 2021, Adobe’s stock market value has fallen 21%. As an investor in the San Jose, Calif.-based software company, this lost value is not pleasant.Ups and downs are likely for most stocks. If a company beats investor expectations and raises guidance, the stock rises. Otherw ...

JHVEPhoto Adobe Inc. (NASDAQ:ADBE) investors received a much-needed respite last week as the creative software company reported its earnings. Adobe's second fiscal-quarter earnings release brushed aside the market's pessimism, as Adobe posted a beat-and-raise quarter. I provided a bullish ADBE update in March 2024, highlighting why pessimism in ADBE could have peaked. However, ADBE buyers were nowhere to be found as the downward volatility continued in earnest. Salesforce's (CRM) disappointing guidance ...

2024 年 06 月 16 日 公司研究 评级：买入 (维持 ) 研究所： 证券分析师： 陈梦竹 S0350521090003 业绩表现稳健[T ，able_T 商itle 业] 化持续推进 AI chenmz@ghzq.com.cn 证券分析师： 张娟娟 S0350523110004 zhangjj02@ghzq.com.cn ——奥多比（ ） 财报点评 ADBE.O FY2024Q2 证券分析师： 罗婉琦 S0350524050002 luowq@ghzq.com.cn 最近一年走势 事件 : Adobe于2024 年6月 13日发布FY2024Q2财报：FY2024Q2公司实 现营业收入53.1亿美元（YoY+10%，QoQ+2%），略超彭博一致预期 0.3%；公司实现净利润15.7亿美元（YoY+21%，QoQ+154%），超过 彭博一致预期2.5%；公司实现经调整净利润20.2亿美元（YoY+13%， QoQ-1%），超过彭博一致预期1.5%。 核心观点 : 相对表现  整体业绩略超预期，全年业绩指引上调：公司FY2024Q2营收及经 表现 1M 3M 12M 调整净利润均略超一致预期，整体业务 ...

Generative artificial intelligence is driving growth now, but is it enough to justify a high stock market valuation?Shares of Adobe (ADBE 14.51%) shot about 14% higher on June 14. Investors were responding to a positive fiscal fourth-quarter earnings report.Adobe's latest round of results suggests the software giant has what it needs to monetize generative artificial intelligence (AI) applications. Nearly all sell-side analysts on Wall Street raised their price target on the stock.Wells Fargo analyst Michae ...

The recent Adobe (ADBE) and Oracle (ORCL) quarterly releases kicked off the 2024 Q2 earnings season. These results from the two Tech players followed quarterly reports from Costco and AutoZone for their respective fiscal quarters ending in May.We and other research organizations engaged in tracking earnings results in real time count such May-quarter results as part of the overall June-quarter or Q2 tally.In fact, by the time the big banks release their quarterly results on July 12th, we will have such Q2 r ...

Key TakeawaysThe S&P 500 posted a minimal loss on Friday, June 14, 2024, settling just below its all-time high after a four-day string of record closes.Shares of cruise operators declined as Bank of America analysts reported a minor drop in pricing for ocean cruises.Adobe shares soared after the media software maker beat estimates and raised its guidance amid strong demand for AI products. Major U.S. equities indexes were mixed and little changed to close out an eventful week for the markets. The most recen ...