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Investors know there's more to Adobe than the Acrobat Reader

Posted Jun 9th 2009 10:30AM by Joseph Lazzaro (RSS feed)
Filed under: Adobe Systems (ADBE), Stocks to Buy

Investor attitude toward Adobes System's (NASDAQ: ADBE) shares resemble Wall Street's attitude toward crude oil: choppy current demand conditions, but who cares? What counts is what's likely to happen six to nine months out. And for that reason, ADBE is worth a review.

In general, analysts expect Adobe's 2009 revenue to fall roughly 15-20%, on soft Creative Solutions unit sales. Sales of Creative Suite 4 are running about 20% below CS3, primarily due to the recession. In particular, the recession in advertising has sapped any momentum for the first half of F2009.

Continue reading Investors know there's more to Adobe than the Acrobat Reader

Buy Adobe now? I don't think so

Posted Dec 17th 2008 8:50AM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Microsoft (MSFT), Apple Inc (AAPL), Adobe Systems (ADBE)

Adobe Systems (NASDAQ: ADBE), whose tech colleagues include Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT), reported earnings for Q4 and the full fiscal year on Tuesday after the bell. The market liked what it saw, sending the shares higher by over 12% in the after-hours trading session.

The numbers do look good. On an adjusted basis, Q4 earnings were $0.60 per share, two pennies better than what Wall Street was expecting. It also represented growth of 22%. For the year, adjusted earnings were $2.07 per share, good for a growth rate of over 28%. Revenues for the year took a nice jump of 13%. Unfortunately, revenues for Q4 didn't move much at all, apparently deciding to take a break by remaining flat.

While the quarter and the year looked more than decent for the most part, the question is, where do we go from here? That flat revenue performance for the quarter might be indicative of a tough year ahead. Also, net cash from operations declined 15%. And here's something else I'll throw out at you: even though the market has pepped up as of late, do you think we're out of the woods yet in terms of the economy? I think not.

Continue reading Buy Adobe now? I don't think so

Adobe-FedEx Kinko's deal out of ink

Posted Aug 2nd 2007 1:35PM by Eric Buscemi (RSS feed)
Filed under: Products and services, Adobe Systems (ADBE), FedEx Corp (FDX)

Late last month a deal was reported between FedEx's (NYSE: FDX) Kinko's and Adobe Systems Inc (NASDAQ: ADBE), where Adobe's Acrobat software embedded links right to Kinko's stores for printing. Due to a wave of negative criticism about the deal, Adobe announced it will remove the link from its software in an upcoming update.

Joseph P. Truncale of the National Association for Printing Leadership said of the decision, "We're pleased that Adobe was responsive. Clearly, this was a mistake, and Adobe admitted that."

Adobe didn't expect material revenue from the link, so its removal won't affect them financially. For Adobe, it looks like crisis averted with a minimal PR hit. The only loser here is Kinko's, which loses the potential business the link would drive to its locations.

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Last updated: November 27, 2009: 04:47 AM

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