Adobe: Time To Get Greedy (Rating Upgrade)
Adobe(ADBE) Seeking Alpha·2024-09-16 22:29
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 ...