Adobe Stock Down 23% YTD; Can Q2 Results Reverse The Trend?

SAN FRANCISCO, CALIFORNIA - DECEMBER 13: A sign is displayed on the exterior of an Adobe office on ... [+] December 13, 2023 in San Francisco, California. Computer software company Adobe will report fourth quarter earnings today after the closing bell. (Photo by Justin Sullivan/Getty Images)Getty ImagesAdobe (NASDAQ: ADBE) stock has lost 23% YTD as compared to the 12% rise in the S&P 500 index. In sharp contrast, Adobe’s peer Oracle (NYSE: ORCL) is up 20% over the same period. Further, ADBE is scheduled to ...