Scalper1 News
Adobe Systems stock has risen nearly 50% this year on investor enthusiasm for the company’s transition to an Internet cloud-based business. Wall Street will be looking for continued strength in Adobe’s Creative Cloud and Marketing Cloud offerings when it reports fiscal fourth-quarter results on Thursday. While Adobe (ADBE) continues to attract customers to its core Creative Cloud business, at least one survey indicates that satisfaction with the product is declining and new customers might be harder to come by. Baird Equity Research analyst Steven Ashley conducted a survey of 50 Adobe customers recently to gauge their views. The percentage using Creative Cloud rose to 46% this quarter from 32% in Q3 and 25% in Q2, he said in a report Monday. But the share of customers saying they’re very satisfied with Creative Cloud fell to 18% this quarter from 33% in Q3 and 52% in Q2. Also, the percentage of… Scalper1 News
Scalper1 News