Continue reading Easing Tension in Korea Pushes U.S. Futures Up

Easing Tension in Korea Pushes U.S. Futures Up originally appeared on BloggingStocks on Tue, 21 Dec 2010 08:30:00 EST. Please see our terms for use of feeds.

Continue reading Adobe Systems: For Now, Stand Aside

Adobe Systems: For Now, Stand Aside originally appeared on BloggingStocks on Fri, 08 Oct 2010 14:30:00 EST. Please see our terms for use of feeds.

Adobe Systems (ADBE - option chain) shares are rising today after after Apple (AAPL) announced it will relax restrictions on development tools used by mobile application developers. The change in policy allows developers to resume using ADBE's Flash software in their apps, which had been effectively banned before the announcement. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on ADBE.

Continue reading Good News for Adobe: Apple Allows Flash on Devices

Good News for Adobe: Apple Allows Flash on Devices originally appeared on BloggingStocks on Thu, 09 Sep 2010 13:00:00 EST. Please see our terms for use of feeds.

"Software giant Adobe Systems (NASDAQ: ADBE) has joined our model Growth Portfolio," says Stephen Leeb. Here's his assessment of the tech firm in The Complete Investor.

"When it comes to investing in tech, perhaps the most difficult task is to find one with a bona fide franchise, i.e., an ironclad grip on its market that keeps it largely immune to competition.

"Adobe -- also known as 'the PDF company' -- fits the bill. As most computer users know, PDF files are ones that you can read but can't change in any way-the content is controlled solely by the file's creator.

Continue reading Adobe (ADBE): PDF profits

Adobe (ADBE): PDF profits originally appeared on BloggingStocks on Wed, 06 May 2009 11:50:00 EST. Please see our terms for use of feeds.

Continue reading Are we in for Bush vs. Carter, and what stocks would fare better under each?

Are we in for Bush vs. Carter, and what stocks would fare better under each? originally appeared on BloggingStocks on Wed, 11 Jun 2008 15:45:00 EST. Please see our terms for use of feeds.

Adobe Systems (NASDAQ: ADBE) offers business and mobile software and services. The firm's products include tools for professional publishing, Web design, video production, business process automation, and mobile device interfacing. Its well-known Acrobat Reader displays portable document format (PDF) files on the Internet. Its Web and print publishing products include the widely-used Photoshop, Illustrator, and PageMaker programs. Adobe's InDesign publishing package provides professional layout and design applications. Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) are competitors.

The company pleased investors last week, when it reported Q1 EPS of 48 cents and revenues of $890.4 million. The Street had been expecting 45 cents and $875.8 million. Management also guided Q2 EPS to 45-47 cents (44 cent consensus), Q2 revenues to $855-$885 million ($874.69M consensus) and FY08 EPS to $1.86-$1.92 ($1.82 consensus).

Continue reading Adobe Systems (ADBE): Share price consolidates in bullish 'flag'

Adobe Systems (ADBE): Share price consolidates in bullish 'flag' originally appeared on BloggingStocks on Tue, 25 Mar 2008 13:22:00 EST. Please see our terms for use of feeds.

For the quarter, Adobe Systems reported that its profit climbed to $219.4 million, or 38 cents a share, boosted by strong sales from its software tools like Photoshop, Illustrator, Dreamweaver and Acrobat. Excluding special items, the company's earnings came in at 48 cents a share, topping analysts' estimations for quarterly earnings of 45 cents a share.

Adobe Systems also announced a respectable 37% growth in revenues, to $890.4 million, up from $649.4 million a year earlier. Revenue during the period was helped by a 57% increase in its Creative Suite 3 solutions sales which rose up to $543.5 million in the quarter. Analysts, on average, were expecting the company show $876 million in revenue, according to Thomson Financial.

Continue reading Adobe Systems (ADBE) 1Q profit rises on strong software demand

Adobe Systems (ADBE) 1Q profit rises on strong software demand originally appeared on BloggingStocks on Wed, 19 Mar 2008 15:16:00 EST. Please see our terms for use of feeds.

After hitting a one-year high of $48.47 in October, the stock hit a one-year low of $32.08 last month. This morning, ADBE opened at $33.00. So far today the stock has hit a low of $32.01 and a high of $33.08. As of 12:45, ADBE is trading at $32.34, down $0.73 (-2.2%). The chart for ADBE looks bearish and steady, while S&P gives the stock a positive 4 STARS (out of 5) buy rating.

Continue reading Adobe (ADBE) slides as Microsoft makes advances

Adobe (ADBE) slides as Microsoft makes advances originally appeared on BloggingStocks on Wed, 05 Mar 2008 14:42:00 EST. Please see our terms for use of feeds.

Can someone remind me what the bear case for tech was?

Oracle (NASDAQ: ORCL) (Cramer's Take), which has a huge business in financial services, shoots the lights out with a remarkable quarter. And then right on top of it, Research In Motion (NASDAQ: RIMM) (Cramer's Take), again laden with financial services, issues a huge quarter that kind of blows the mind after all that it has done already.

Before that we had Adobe (NASDAQ: ADBE) (Cramer's Take), again a much-used product in finance, print a quarter that was so strong that I was surprised the stock didn't leap.

Continue reading Cramer on BloggingStocks: The game plan for the resurgent techs

Cramer on BloggingStocks: The game plan for the resurgent techs originally appeared on BloggingStocks on Fri, 21 Dec 2007 09:50:00 EST. Please see our terms for use of feeds.

Continue reading Adobe Systems (ADBE) fourth-quarter profit climbs on strong sales

Adobe Systems (ADBE) fourth-quarter profit climbs on strong sales originally appeared on BloggingStocks on Tue, 18 Dec 2007 09:40:00 EST. Please see our terms for use of feeds.

Yahoo

Continue reading Yahoo to deliver ads through Adobe PDFs

Yahoo to deliver ads through Adobe PDFs originally appeared on BloggingStocks on Thu, 29 Nov 2007 14:33:00 EST. Please see our terms for use of feeds.

Adobe (NYSE: ADBE) announced on November 12 it is targeting annual revenue growth of approximately 13%. ADBE is scheduled to report on EPS on December 17. ADBE December option implied volatility of 40 is 32 according to Track Data, suggesting larger price fluctuations.

LDK Solar (NYSE: LDK) is a manufacturer of multicrystalline solar wafers. LDK has been investigating inventory allegations made by a former LDK employee, and the company is also subject to a SEC inquiry. LDK has said the company has correctly reported its inventories. LDK December option implied volatility of 123 is above its 18-week average of 92 according to Track Data, suggesting larger risk.

Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Option update 11-14-07: Adobe volatility higher after four-day sell-off originally appeared on BloggingStocks on Wed, 14 Nov 2007 09:56:00 EST. Please see our terms for use of feeds.

Forbes reports that Adobe Systems (NASDAQ: ADBE)'s CEO Bruce Chizen is stepping down next month to be replaced by president and chief operating officer, Shantanu Narayen. Third-quarter revenue was up 40% from the previous year. On the way out, Chizen raised Adobe's revenue target for the fourth quarter to be near the high end of the previously disclosed range of $860 million to $890 million, and Adobe is targeting overall revenue growth for fiscal 2008 to be about 13%.

In The Burning episode of Seinfeld, Jerry explains to George Costanza the idea of Showmanship: "Showmanship, George. When you hit that high note, you say goodnight and walk off." With his departure, Chizen appears to be following this principle. During Chizen's seven year tenure, Adobe's software platforms -- Acrobat, for making PDF files, and Flash for displaying videos -- are all over the place thanks to the rise of Web 2.0. Adobe is also planning to launch a Web version of the popular photo-editing software Photoshop by the end of 2007.

New CEO Narayen plans to keep Adobe grounded while expanding it into mobile devices. According to CNETNews, he'll be introducing Adobe Integrated Runtime (AIR), software that allows Web applications to run on desktop PCs. He'll also extend applications written for AIR and Flash to help Adobe expand its reach further into mobile devices and set-top boxes and gaming machines.

Unless it's later discovered that Chizen quit for some nefarious reason, with its stock off 17% from its all-time high a few weeks ago, this could be a good entry point.

Peter Cohan is President of Peter S. Cohan & Associates. He also teaches management at Babson College and edits The Cohan Letter. He owns Adobe shares.

Adobe's CEO leaves 'em wanting more originally appeared on BloggingStocks on Tue, 13 Nov 2007 11:00:00 EST. Please see our terms for use of feeds.

• Adobe Systems Incorporated (NASDAQ: ADBE) to report Q3 earnings; conference call at 5pm
• UTStarcom Inc (NASDAQ: UTSI) to hold business news update at 6pm

• Apple Inc (NASDAQ: AAPL) to hold special media event at the London flagship store at 10am
• Federal Open Market Commiittee meeting; announcement at 2:15pm
• Bank of Japan Monetary Policy Meeting (Two-day Meeting, 9/18 - 9/19)

• General Mills Inc (NYSE: GIS) to report Q1 earnings; conference call at 8:30am
• Morgan Stanley (NYSE: MS) to report Q3 earnings; conference call at 11am.

• The Goldman Sachs Group Inc (NYSE: GS) to report Q3 earnings; conference call at 8:30am
• The Bear Stearns Companies Inc (NYSE: BSC) to report Q3 earnings; conference call at 10am
• Oracle Corporation (NASDAQ: ORCL) to report Q1 earnings; conference call at 5pm

• Sysco Corporation (NYSE: SYY) to hold analyst meeting at 8am
• Liberty Media Corporation (NASDAQ: LINTA) to hold 2007 Investors' Meeting at 9am
• Alexander & Baldwin Inc (NASDAQ: ALEX) strategic update at 2pm

Market highlights for next week: ADBE, GIS, MS, GS and BSC to report originally appeared on BloggingStocks on Fri, 14 Sep 2007 16:00:00 EST. Please see our terms for use of feeds.

• Apple Inc (NASDAQ: AAPL) Worldwide Developers Conference to be held from June 11 through June 15.
• Texas Instruments Incorporated (NYSE: TXN) mid-quarter update conference call to be held at 5pm.
• Medivation Inc (NASDAQ: MDVN) to discuss Phase II study results for Dimebon for Alzheimer's.

• Lehman Brothers Holdings Inc (NYSE: LEH) to report Q2 earnings; conference call at 10am.

• FDA Endocrinologic and Metabolic Drugs Advisory Committee Meeting on Sanofi-Aventis's (NYSE: SNY) Acomplia at 8am.

• The Goldman Sachs Group Inc (NYSE: GS) to report Q2 earnings; conference call at 11am.
• Adobe Systems Incorporated (NASDAQ: ADBE) to report Q2 earnings.
• Telkonet Inc (AMEX: TKO) to hold conference call at 11am to provide business update.

• PDUFA date for Encysive Pharmaceuticals Inc's (NASDAQ: ENCY) Thelin for Pulmonary Arterial Hypertension (PAH).

Market highlights for next week: Apple Worldwide Developers Conference originally appeared on BloggingStocks on Fri, 08 Jun 2007 16:00:00 EST. Please see our terms for use of feeds.

Computer software company Adobe Systems Inc. (NASDAQ:ADBE) released 1Q 2007 earnings after the market closed yesterday. The results are not bad and beat estimates. First quarter revenue was $649.4 million, a bit less than the $655.5 million reported revenue for Q1 2006. While analysts polled by Thomson Financial had estimated revenue of $655.3 million, they also estimated EPS of $0.29. Here Adobe beat estimates and reported EPS of $0.30, based on 604 million weighted average shares. This figure is above Adobe's previous guidance.

1Q 2007 operating income was $146.3 million, up $16.3 million from 1Q 2006 operating income. GAAP operating income in 1Q 2007 was 22.5%, compared to 19.8% in 1Q 2006. GAAP net income was $143.9 million in 1Q 2007, up from $105.1 million in 1Q 2006, but down from $183.2 million in 4Q 2006.

Adobe Systems CEO Bruce Chizen states the company is "preparing for its biggest product launch in history." Adobe has already begun distribution of the alpha version of Apollo, a Web development software already in use at eBay. Also getting ready to ship are Creative Suite 3, and later in the spring 2 more editions of Photoshop.

Adobe is optimistic about full-year 2007 figures. For 2Q 2007 Adobe is targeting revenue of $700-$740 million, with an operating margin of 36%. GAAP EPS for 2Q 2007 are in the $0.23-$0.26 range. Adobe reaffirmed its annual revenue growth target of approximately 15%.

The stock has responded positively to the earnings release. At midday, Adobe was trading at $42.95, up $2.21.

Adobe 1Q 2007 earnings beat estimates originally appeared on BloggingStocks on Wed, 21 Mar 2007 15:15:00 EST. Please see our terms for use of feeds.

Google and Adobe sign expansive distribution deal originally appeared on BloggingStocks on Thu, 22 Jun 2006 12:02:00 EST. Please see our terms for use of feeds.