Software giants Oracle (ORCL) and Adobe (ADBE) are all set to report their quarterly earnings this week. Here’s a look at what analysts expect: Oracle issues its fiscal first-quarter earnings after the close on Wednesday. Earnings are projected to fall 16% to 52 cents a share. Revenue is expected to edge down 0.8% to $8.53 billion. The database software leader has fallen short of estimates for the last two quarters. Oracle hit a high of 46.70 in
With Apple (AAPL) expected to soon say it’s doing more in TV, new stats show its devices gaining as a way people watch, as online viewing ramps up and also moves to the TV itself. About 24% of online-TV viewing involved streaming to actual televisions in Q2, either via a set-top-box or to a smart TV, and more than half that usage was linked to Apple TV devices in a study by Adobe Systems (ADBE). Another 22% of viewing happened on an iPad and 18%
After getting a haircut during the recent broad-based stock market correction, Adobe Systems (ADBE) is now attractively priced, Baird analyst Steven Ashley said in a research report Tuesday. Ashley raised his rating on Adobe stock to outperform from neutral, with a price target of 85. Adobe was up 2.5% to around 76 in afternoon trading on the stock market today. Adobe hit an all-time high of 87.25 on Aug. 17. Adobe is “now into the foothills of