Adobe Sales, Earnings Growth Seen Slowing, But Still Healthy
Digital media and marketing software maker Adobe Systems (ADBE) is expected to report healthy growth in sales and earnings when it posts fiscal third-quarter results after the market close Tuesday. But the pace of its year-over-year gains is seen slowing.
Analysts expect the San Jose, Calif.-based company to earn $1.01 a share excluding items, up 35% year over year, on sales of $1.82 billion, up 24%. That compares with growth in earnings per share and sales of 44% and 27%, respectively, in the second quarter.
Adobe Stock Could Hit Fresh All-Time Highs On Q3 Earnings Beat
Adobe Systems, Inc.(ADBE) the San Jose, California based provider of digital marketing and digital media solutions is set to report its Q3 2017 earnings today (September 19), after the market close. Adobe stock closed the last trading session at a price of $155.77 a share, nearly $2 off its all-time high of $157.89 which was hit a few trading sessions ago.
Adobe shareholders have had a solid run, with the stock rising by 51.3% year-to-date. In comparison, the Nasdaq Composite has risen by less than 20% in the same timeframe. The important question now is: Will the Q3 2017 earnings announcement lift Adobe stock to fresh all-time highs?
Adobe’s Cloud Services To Continue To Drive Revenue Growth
Adobe is set to announce its Q3 results on Tuesday, September 19. In Q2, the company reported 27% growth in revenues to $1.77 billion, which was above its guidance range.
Even though the company continues to witness improvement in performance metrics across two of its major business lines (Creative Cloud and Marketing Cloud), its legacy business continues to struggle as the shift to cloud services takes center
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The Right Way to Lose Money
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On the Tape Today | 9-19-17
ABBV-Abbvie Inc offering and old-school Saturation Play today. A bearish u-turn that traded into well-offered. Looking for a lower opening AND a push lower to trigger the new swing trade long. Saturation plays look for @ 80% of the ATR (average true range) for the first part of the position. In this case we are game planning a limit order of $83.92 for the first half of our position.
This pension fund is now worth $1,000,000,000,000
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Stock Market Sector Performance
Stocks to Trade | Tuesday Edition 9-19-17
Bullish Momentum: AAOI, CF, BZUN, CLR
Bearish Momentum: ual, hca
Bullish Order Flow: JUNO, KITE, SRPT, ABBV, BZUN, WB, NVDA, HTZ, GILD, EL, CELG, DLTR, LRCX, NFLX, AMGn, TTWO, BABA, CAT, CAR, BIDU, MA, MAR, BA, HD
Bearish Order Flow: efx, cbs, ual, mnk, dis, nue
Double Normal Volume: NVDA, EFX, CF
Inside Days: cmcsa, xom, mo, pg. wba, ebay, nem, unp, pm, ma, khc. hrb, unh, cl, dks, hog
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