Adobe Shares Surge as Revenue Climbs. Is It Too Late to Buy the Stock?
Shares of (NASDAQ: ADBE) rebounded after the maker of creative software programs such as Photoshop reported solid revenue growth for its fiscal second quarter. Despite the solid post-earnings gains, the stock is still down about 12% year to date.
Let's take a closer look at the company's most recent quarterly results and guidance and whether it is too late to buy the stock.
Adobe solidly grew its fiscal Q2 revenue by 10% to $5.31 billion topping the analyst consensus of $5.29 billion. Adjusted earnings per share (EPS), meanwhile, rose 20% to $4.48, beating analyst estimates by $0.09.
Source Fool.com
Adobe Inc. Aktie
528,40 €
1,46 %
Die Adobe Inc. Aktie ist im Trend: Deutlich mehr Buy- als Sell-Einschätzungen.
Für Adobe Inc. sieht die Community ein leicht positives Kursziel von 579 €, verglichen mit dem aktuellen Kurs von 528.4 €.
