Adobe Turns Corner On Cloud Transition, Hits New High

By | December 12, 2014

Scalper1 News

Adobe Systems (ADBE) stock jumped on Friday after the media software company late Thursday reported its best quarterly earnings growth in three years. It also signaled that earnings per share will pick up now that it has largely finished its transition to a software-as-a-service business model. Adobe spiked to an all-time high of 76.28 in early trading in the stock market today . In midday trading, Adobe was up 9%, near 76. Adobe earned 36 cents a Scalper1 News

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