The Nasdaq Stock Market ended the session with Adobe jumping 2.21% to $486.42 on Monday while the Nasdaq Stock Market jumped 0.97% to $12,498.40.
Adobe today’s close was $486.42, 10.37% under its 52-week high of $536.88.
Adobe’s sales growth is 21.6% for the present quarter and 17.2% for the next. The company’s growth estimates for the ongoing quarter and the next is 22.5% and 9.8%, respectively.
Year-on-year quarterly revenue growth grew by 14.4%, now sitting on 12.87B for the twelve trailing months.
Adobe’s Stock Top and Bottom Yearly Value
Adobe’s stock is valued at $486.42 at 16:18 EST, below its 52-week high of $536.88 and way above its 52-week low of $255.13.
Adobe’s Moving Average
Adobe’s worth is higher than its 50-day moving average of $471.78 and higher than its 200-day moving average of $460.83.
Previous days news about Adobe
FIT team takes third place in Adobe analytics challenge from among more than 1,600 teams worldwide. According to Business Insider on Wed Dec 9, “Two rounds of judging narrowed submissions down to six finalist schools, which were challenged to uncover deep data insights around the customer journeyand provide data-backed recommendations, with the aim of reimagining thecustomer experienceonline using AdobeAnalytics. “, “NEW YORK, Dec. 9, 2020 /PRNewswire/ –A team of all-female business students from the Fashion Institute of Technology took third place in theAdobe Analytics Challenge 2020, an annual phased competition for teams of undergraduate and graduate students. ”
Adobe sales forecast tops estimates on creative software. According to Bloomberg Quint on Thu Dec 10, “Adobe also announced a new $15 billion stock repurchase program to run through 2024. “, “Adobe said that revenue from its Digital Media division, including the creative and document clouds, will rise 19% in the next fiscal year, while sales of its marketing and advertising suite will also gain 19%.”