Video: Adobe Hits Speed Bump In Cloud Transition

By | September 17, 2014

Scalper1 News

Adobe Systems (ADBE) hit a speed bump in its transformation to a software-as-a-service company, late Tuesday giving disappointing guidance for the current quarter. The maker of creative and marketing software also delivered third-quarter sales that missed Wall Street’s target, and Adobe Systems stock was down nearly 5% in morning trading on the stock market today, near 67.50, a three-month low. Adobe’s fiscal Q3 earnings lacked the upside seen in Scalper1 News

Scalper1 News