Adobe has been somewhat immune to the crisis with its shares jumping 2.57% to $498.49 at 12:08 EST on Monday, after five sequential sessions in a row of gains. The Nasdaq Stock Market is jumping 0.48% to $12,524.60, after two successive sessions in a row of gains, on what at the moment seems, a somewhat positive trend exchanging session today.
Adobe’s last close was $486.00, 7.70% below its 52-week high of $536.88.
Adobe’s sales growth is 12.3% for the ongoing quarter and 13.2% for the next. The company’s growth estimates for the current quarter and the next is 16.2% and 14.1%, respectively.
Year-on-year quarterly revenue growth grew by 13.8%, now sitting on 12.44B for the twelve trailing months.
Adobe’s Stock Top and Bottom Yearly Value
Adobe’s stock is valued at $498.49 at 12:08 EST, under its 52-week high of $536.88 and way above its 52-week low of $255.13.
Adobe’s Moving Average
Adobe’s value is above its 50-day moving average of $472.77 and above its 200-day moving average of $457.61.