Adobe (ADBE -13.67%) stock sold off on Friday after the software giant reported record revenue but muted Q2 fiscal 2024 guidance. The stock is now down around 20% since Feb. 1 in what has otherwise been a great period for the broader market and for artificial intelligence (AI) fueled growth stocks.Let's dive into Adobe's results and management commentary to determine if this is a bad omen for the AI theme, or if Adobe's issues are more company-specific. An AI-driven investmentTo some extent, Adobe has alway ...

Adobe Inc (NASDAQ: ADBE), the creative software giant, saw a significant drop in its stock value by over 13% on Friday following the release of its financial results for the first quarter of 2024.Despite surpassing analysts’ projections for both revenue and earnings during this period, investors were taken aback by the company’s less optimistic forecast for the upcoming quarter. Moreover, mounting apprehensions regarding increased competition from generative AI technologies and uncertainties surrounding the ...

2024 年 03 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 整体业绩表现稳健[T ，able_T 商itle 业] 化仍需时间体现 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 FY2024Q1 联系人 ： 罗婉琦 S0350122040042 luowq@ghzq.com.cn 最近一年走势 事件 : Adobe于2024 年3月 15日发布FY2024Q1财报：FY2024Q1公司实 现营业收入51.8 亿美元（YoY+11%，QoQ+3%），略超一致预期0.8%； 公司实现净利润6.2亿美元（YoY-50%，QoQ-58%），大幅低于一致预 期，主要由于收购Figma失败而支付10亿美元违约金的一次性影响；公 司实现经调整净利润20.46亿美元（YoY+17%，QoQ+4%），略超一致 预期2.4%。 核心观点 : 相对表现 表现 1M 3M 12M  整体业绩表现稳健，FY2024Q2指引略低于预 ...

Sundry Photography Thesis In my previous article about Adobe, Inc. (NASDAQ:ADBE) I rated the stock as a hold citing that the stock had reached fair valuation when it was trading at $595.7 and the potential annual returns oscillated between 14-15% which was not a very favorable risk-reward situation. Since that article, the stock has fallen by 19.68% and the price now stands at $492.46, with the main cause being the slightly below-estimate forecast Adobe issued for Q2 2024. My previous article was released j ...

The market’s reaction to quarterly results from Adobe (ADBE) and Oracle (ORCL) can be seen as an early sign of what to expect as other companies come out with their March-quarter reporting cycle.Investors loved the Oracle report, seeing the results and guidance reflective of an improving demand environment. Market participants had the opposite reaction to the Adobe report as they saw the company’s underwhelming guidance and fresh buyback authorization as reflective of a disadvantageous standing in the artif ...

Shares of Adobe (ADBE -14.10%) were falling Friday after the cloud software giant beat estimates for its fiscal first quarter, but issued disappointing guidance for the current quarter, sparking concerns that competition was catching up to it and it was failing to fully capitalize on i opportunities of artificial intelligence (AI).As of 2:15 p.m. ET, the stock was down by 14.1%. Adobe's steady growth isn't good enoughAdobe reported 11% revenue growth to $5.18 billion, which was slightly ahead of estimates a ...

Tech stocks have historically been among the biggest gainers in the market—the last two years are evidence of that. This is why some investors have always advocated a buy-and-hold strategy for stocks brimming with potential. We agree that a “star quality” stock might be worth the shot. But with a market brimming with companies of varying quality, how do you choose the best long-term tech stocks? consider factors like a company’s market presence, long-term prospects and healthy balance sheet, and these three ...

Adobe Inc. (ADBE) released first-quarter fiscal 2024 non-GAAP earnings of $4.48 per share, beating the Zacks Consensus Estimate by 2.3%. The figure improved 17.9% on a year-over-year basis.Total revenues were $5.18 billion, which beat the Zacks Consensus Estimate of $5.13 billion. The figure grew 11% on a reported basis and 12% on 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. Acceleratin ...

The tech sector is a dynamic engine of growth within the global economy. It represents companies that innovate in electronics, software, computers, artificial intelligence, and other related fields. This sector is known for its rapid pace of innovation. As well as the significant impact it has on other industries and everyday life. Tech companies range from giants that offer a wide array of products and services to startups focused on a single innovative solution. The constant evolution of technology fuels ...

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, ...