Adobe Systems Beats Expectations (Again) on Cloud Strength
Adobe Systems Incorporated (NASDAQ: ADBE) announced better-than-expected fiscal third-quarter 2017 results on Tuesday after the market closed, punctuated by healthy cash flow and another company revenue record on sustained momentum for its cloud-based subscription products.
But while Adobe also offered encouraging forward guidance -- and keeping in mind shares are up more than 50% so far in 2017 -- Adobe stock is down a modest 3% in after-hours trading as of this writing. Let's zoom in for a closer look at what the creative software company accomplished in its latest quarter and what investors can expect going forward.
IMAGE SOURCE: ADOBE SYSTEMS.
Source: Fool.com
Adobe Inc. Stock
€499.80
1.990%
The stock is one of the favorites of our community with 60 Buy predictions and 2 Sell predictions.
With a target price of 589 € there is a slightly positive potential of 17.85% for Adobe Inc. compared to the current price of 499.8 €.
