Tag Archives: adbe

Adobe Systems Says Major Creative Cloud Update Ahead

Adobe Systems (ADBE) is having great success getting its customer base to switch from purchased to subscription software via the Internet cloud. And it’s counting on a major update to its Creative Cloud offering in the next few months to fuel even greater adoption. Late Tuesday, the creative and marketing software maker posted better-than-expected fiscal Q1 earnings and gave Q2 guidance ahead of views, as IBD reported. The results were driven by

Adobe Tops Wall Street Views With Q1 Sales, Earnings

Adobe Systems posted better-than-expected fiscal Q1 results late Tuesday, as the provider of creative software and online marketing services continues its transition to the Internet cloud. Its guidance also beat. Adobe Systems (ADBE) earned 30 cents a share excluding items, down 14% from the year-earlier quarter, on sales of $1 billion, down a fraction, for the quarter ended Feb. 28. Analysts polled by Thomson Reuters expected the San Jose,

Adobe Investors Eye Cloud Transition With Q1 Earnings

Adobe Systems (ADBE) has been progressing ahead of plan with its business transition to the Internet cloud, and investors will be seeking more news on that front when the company reports fiscal first-quarter earnings after the market close Tuesday. Last week, at least three Wall Street analysts raised price targets on Adobe stock. And on Monday, RBC Capital Markets analyst Matthew Hedberg raised his target to 75 from 63. The maker of graphic