Adobe: When No News Is Good News

Adobe reported stronger than expected results for Q4, surpassing the expectations of the street. Earnings per share came in at $3.60, versus the street’s estimate of $3.50, whilst revenue grew 10% YoY on the back of continued demand for its flagship Creative Suite. We first recommended Adobe at $299.50 per share; we suggested that investors […]

Adobe Inc: Fade Figma

We initiate coverage of Adobe Systems Inc with a BUY rating. Recently the stock plunged +16% intraday due to its $20B acquisition of Figma, a collaborative workflow platform. Adobe is the software company behind Photoshop, inDesign, Adobe Acrobat (.pdfs) and other design-orientated software. The bulk of its revenue comes from Creative Cloud subscriptions, which are paid on a recurring basis.