Adobe Systems (ADBE) Scheduled to Post Quarterly Earnings on Monday
Adobe Systems (NASDAQ:ADBE) is set to issue its Q214 quarterly earnings data on Monday, June 16th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $1.03 billion for the quarter.
Shares of Adobe Systems (NASDAQ:ADBE) opened at 66.56 on Friday. Adobe Systems has a one year low of $42.39 and a one year high of $71.11. The stock has a 50-day moving average of $62.94 and a 200-day moving average of $62.46. The company has a market cap of $33.129 billion and a price-to-earnings ratio of 129.73.
ADBE has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Adobe Systems in a research note on Tuesday. They now have a $70.00 price target on the stock. On a related note, analysts at Argus raised their price target on shares of Adobe Systems from $71.00 to $81.00 in a research note on Friday, March 21st. They now have a “buy” rating on the stock. Finally, analysts at Pacific Crest reiterated an “outperform” rating on shares of Adobe Systems in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $68.11.
Adobe Systems Incorporated (NASDAQ:ADBE) is a diversified software company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.