Why These 2 Tech Giants Saw Their Stocks Fall Friday Morning
The stock market has been on a roll lately, but it looked as though Friday morning would have a mixed start on Wall Street. Even though futures on the Dow Jones Industrial Average saw modest gains, indexes with a greater concentration of tech stocks didn't seem to fare as well, pointing toward a potentially lower open.
A pair of high-profile tech stocks came into the spotlight Friday morning, and both saw their share prices move lower in premarket trading. Adobe (NASDAQ: ADBE) reported quarterly financial results that failed to live up to all of the expectations of its shareholders, while ASML (NASDAQ: ASML) had to deal with a warning from a key customer that could point toward a slowdown in its business in the near term.
Shares of Adobe were down almost 4% in premarket trading. The creative software giant reported fiscal third-quarter financial results for the period ended Sept. 1, and while the numbers looked solid, they weren't quite enough to satisfy investors who are increasingly hungry for accelerating growth.
Source Fool.com
Adobe Inc. Aktie
Adobe Inc. sticht hervor mit 60 Buy- und nur 2 Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 588 € für Adobe Inc. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 502.1 € hin.