James Foord is an economist by trade and has been analyzing global markets for the past decade. He leads the investing group The Pragmatic Investor where the focus is on building robust and truly diversified portfolios that will continually preserve and increase wealth. The Pragmatic Investor covers global macro, international equities, commodities, tech and cryptocurrencies and is designed to guide investors of all levels in their journey. Features include a The Pragmatic Investor Portfolio, weekly market ...

A stock that has not been a horse. It's been a horse's >> What a segue, >> but it's turning. You should have gone for it.>> It's turning. It is cable. But sometimes you leave things to the imagination.Everybody knows what you mean. Anyway, >> another great report. Another great report.>> What stock are you talking about. Adobe. >> If this if this stock had a different ticker symbol, any other ticker symbol under the sun, it would be up 8% today.>> You have no idea how much of a win this is. I'm not I'm not ...

A stock that has not been a horse. It's been a horse's >> What a segue, >> but it's turning. You should have gone for it.>> It's turning. It is cable. But sometimes you leave things to the imagination.Everybody knows what you mean. Anyway, >> another great report. Another great report.>> What stock are you talking about. Adobe. >> If this if this stock had a different ticker symbol, any other ticker symbol under the sun, it would be up 8% today.>> You have no idea how much of a win this is. I'm not I'm not ...

Core Insights - Adobe reported fourth-quarter fiscal 2025 non-GAAP earnings of $5.50 per share, exceeding the Zacks Consensus Estimate by 2.04% and reflecting a year-over-year increase of 14.3% [1][10] - Total revenues reached $6.194 billion, surpassing the consensus mark by 1.5% and showing a year-over-year growth of 10.5% [2][10] - Annualized recurring revenues (ARR) at the end of Q4 fiscal 2025 were $25.66 billion, indicating an 11.5% growth from the previous year [2] Revenue Breakdown - Subscription revenues accounted for $5.989 billion, representing 96.7% of total revenues and an 11.6% year-over-year increase [4] - Product revenues totaled $74 million, down 8.6% year over year, while services and other revenues were $131 million, down 18.1% year over year [4] - Digital Media segment revenues were $4.62 billion, up 11% year over year, with an ARR of $19.2 billion [5] - Digital Experience revenues increased to $1.52 billion, a 9% year-over-year rise, with subscription revenues of $1.41 billion growing 11% [6] Customer Metrics - Total customers with ARR exceeding $10 million grew by 25% year over year to over 150 [2] - Customer Group subscription revenues were $5.96 billion, reflecting a 12% year-over-year increase [7] Operating Performance - GAAP gross margin for Q4 was 90.4%, expanding by 10 basis points year over year [8] - Operating expenses rose to $2.78 billion, up 12.6% year over year, with the adjusted operating margin contracting to 45.6% [8] Financial Position - As of November 28, 2025, cash and short-term investments stood at $6.6 billion, up from $5.94 billion [9] - Long-term debt remained unchanged at $6.2 billion [9] Future Guidance - For Q1 fiscal 2026, Adobe expects total revenues between $6.25 billion and $6.30 billion [12] - Fiscal 2026 non-GAAP earnings are projected to be between $23.30 and $23.50 per share [14]

奥本海默将Adobe的目标价从460美元下调至430美元，仍维持"跑赢大盘"评级。(格隆汇) ...

Adobe(ADBE.US)涨2.8%，报352.71美元。消息面上，Adobe公布2025财年第四财季业绩，营收同比增 长10%，达到创纪录的61.9亿美元，超过分析师平均预期的61.1亿美元；调整后每股收益为5.5美元，亦 超过预期的5.39美元。期内数字媒体部门营收同比增长11%至46.2亿美元，年度经常性收入(ARR)为192 亿美元；数字体验部门营收同比增长9%至15.2亿美元。此外，OpenAI正将更多第三方应用整合进 ChatGPT，用户现在可在聊天界面内直接使用Adobe的创意工具，包括Photoshop、Adobe Express和 Acrobat。(格隆汇) ...

Core Insights - The investor adopts a contrarian investment style, focusing on high-risk, illiquid options and shares, with a balanced portfolio of approximately 50% in each [1] - The investment strategy is centered around identifying stocks that have recently experienced sell-offs due to non-recurrent events, particularly when insider buying is observed at lower prices [1] - Fundamental analysis is employed to assess the health of companies, including leverage and financial ratios compared to sector and industry averages [1] - Technical analysis is utilized to determine optimal entry and exit points, using multicolor lines for support and resistance levels on weekly charts [1] Investment Strategy - The investor's timeframe for holding positions ranges from 3 to 24 months [1] - A thorough screening process is conducted to filter through thousands of stocks, primarily in the US, with occasional investments in less stable markets [1] - Professional background checks are performed on insiders who purchase shares following sell-offs, adding an additional layer of due diligence [1] Analytical Approach - The use of fundamental analysis focuses on company health, leverage, and financial ratios [1] - Technical analysis involves drawing trend lines and identifying support and resistance levels to optimize trading decisions [1] - The investor expresses a strong preference for straightforward communication, avoiding jargon and unnecessary complexity in investment discussions [1]

Core Insights - The individual investor adopts a contrarian investment style, focusing on high-risk, illiquid options and shares, with a balanced portfolio of approximately 50% in each [1] - The investment strategy emphasizes buying stocks that have recently experienced sell-offs due to non-recurrent events, particularly when insiders are purchasing shares at lower prices [1] - Fundamental analysis is utilized to assess the health of companies, their leverage, and to compare financial ratios with sector and industry averages [1] - Technical analysis is employed to optimize entry and exit points, using multicolor lines for support and resistance levels on weekly charts [1] Investment Strategy - The investor's timeframe for holding positions typically ranges from 3 to 24 months [1] - A professional background check is conducted on each insider who purchased shares after a recent sell-off, indicating a thorough due diligence process [1] - The investor expresses a preference for stocks in the US but is open to owning shares in less stable markets, referred to as "banana republics" [1]

There are not many authors on Seeking Alpha who rate Adobe Inc. ( ADBE ) stock anything other than a Buy, and for a significant period, I have been one of those dissenting voices who hadI write about stocks I’m personally interested in adding to my portfolio. I’m not a professional advisor, but I study business and economics and analyze markets full-time. My writing is meant for both complete beginners — I avoid unnecessary complexity — and advanced readers, as I always aim to offer a distinct and well-reas ...

Core Insights - Frequency Exchange Corp. has appointed Scott Owen to its Board of Directors, enhancing its leadership team [2][4] - Scott Owen brings over 30 years of experience in global business development and has held senior leadership roles with P&L responsibilities exceeding $250 million [3] - Owen's track record includes closing multiple multi-year enterprise deals valued over $100 million, with a notable partnership contributing $950 million in attributed revenue over five years [3] Company Overview - Frequency Exchange Corp. is the parent company of FREmedica Technologies Inc., which specializes in frequency-based digital wellness technologies [5] - The flagship product, NIKKI, offers programmable frequency wellness programs aimed at supporting cellular communication and overall wellbeing [5] - Initially developed for Lyme disease, the NIKKI platform has expanded to address various use cases, including sleep, pain, energy, immune support, and athletic recovery [6]