The Vanguard Information Technology ETF is a simple yet effective way to invest in tech stocks.It's been a volatile period for growth stocks, especially tech shares that have seen their valuations put to the test this earnings season.Oracle just hit an all-time high. Nvidia mostly recovered from its sell-off and is now down just 12% from its all-time high. Adobe sold off on earnings but is still up over the last few months. And Salesforce is down around 20% from its all-time high but has also recovered from ...

16 Sep 2024 CMB International Global Markets | Equity Research | Company Update Adobe (ADBE US) Solid 3QFY24 results but soft guidance may weigh on short-term sentiment Adobe announced solid 3QFY24 results, but 4QFY24 guidance was softer than expected: 3QFY24 total revenue was up by 11% YoY to US$5.41bn, in line with consensus estimate; 3QFY24 non-GAAP net income grew by 11% YoY to US$2.08bn, in line with consensus. Digital Media net new ARR was US$504mn in 3QFY24 and c.10% ahead of the company guidance, as ...

NEW YORK, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--(PR NEWSWIRE)--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Adobe Inc. (“Adobe” or “the Company”) (NASDAQ: ADBE). Investors who purchased Adobe securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/ADBE. Investigation Details On September 12, 2024, Adobe issued a press release reporting financial results for the third ...

Adobe is innovating again, and that's great news for long-term investors.On Sept. 13, Adobe (ADBE -2.86%) stock tumbled 8.5% in response to its third-quarter fiscal 2024 results and weak guidance.Here's why Adobe is a top growth stock to buy now and what to look for from the enterprise software company. Unimpressive growthAdobe reported record third-quarter revenue but guided for just $5.5 billion to $5.55 billion in fourth-quarter fiscal 2024 revenue and non-GAAP (adjusted) earnings per share (EPS) of $4.6 ...

Adobe stands out as a great way to invest in generative AI as it relates to the creative space.Share prices of Adobe (ADBE -2.86%) sold off after the company reported its fiscal 2024 third-quarter results on Sept. 12 and management offered weak guidance for the rest of the year. The stock now trades down by more than 10% year to date compared to an over 14% gain in the tech sector and a 17.8% gain for the Nasdaq Composite.Yet despite some notable challenges that could weigh down the growth stock in the near ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Adobe Systems (ADBE) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Adobe currently has an avera ...

J Studios Shares of Adobe (NASDAQ:ADBE) crashed 9% on Friday after the software maker submitted a weaker-than-expected revenue outlook for the current quarter. Overall, Adobe's third-quarter results were overall solid as the company continues to scale its AI offers and sees strong momentum in its biggest segment, Digital Media. Adobe also benefited from a 1 PP revenue acceleration compared to the prior quarter and increased its profitability at double-digits on both an operating and net income basis. Shares ...

Have you looked into how Adobe Systems (ADBE) performed internationally during the quarter ending August 2024? Considering the widespread global presence of this software maker, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become essential for inves ...

Should investors buy the recent dip in the stock?When it comes to generative artificial intelligence (AI), one company that has been at the forefront on the software side is Adobe (ADBE -8.47%). The company has added a number of AI-related features to both its Creative line of products, such as Photoshop, and its Acrobat-led Document Cloud business.While the company has been seeing some benefits from AI, the stock took a hit after the company's fiscal third-quarter results. It's now down about 10% on the ye ...

Shares of Adobe dropped as much as 10% on Friday.In this video, I will go over Adobe's (ADBE -8.47%) third-quarter earnings report. Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Sept. 12, 2024. The video was published on Sept. 12, 2024. ...