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 inve ...

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. ...

Q3 Earnings Season Overview - The Q3 earnings season officially starts with companies reporting results for fiscal quarters ending in August, including Oracle and Adobe [1] - Total Q3 earnings for the S&P 500 are expected to increase by +3.8% YoY on +4.6% higher revenues, following +10% earnings growth in the previous quarter [3] - Earnings estimates for Q3 have been revised down more significantly compared to recent periods, with 14 out of 16 Zacks sectors experiencing downward revisions [4] - Despite negative revisions, aggregate earnings for Q3 are expected to reach a new all-time quarterly record [4] Company Performance - Oracle's Q3 results were impressive, solidifying its position in the AI space, with shares up +55.4% YTD [1][2] - Adobe reported strong Q3 results with earnings up +25.8% YoY on +6.9% revenue growth, but shares declined due to underwhelming guidance [1] - Adobe shares are down -10.5% YTD, underperforming the Zacks Tech sector (+18.9%) and the S&P 500 (+17.1%) [2] Sector Expectations - The Tech and Finance sectors are the only ones with modestly rising earnings estimates for Q3 [4] - The Transportation, Energy, Business Services, and Aerospace sectors have seen the largest declines in earnings estimates [4] - For 2024, S&P 500 earnings are expected to grow +8% YoY, improving to +9.7% excluding the Energy sector [5] Construction Sector Outlook - Lennar is expected to report Q3 earnings of $3.62 per share on $9.29 billion in revenues, representing a -7.4% YoY decline in earnings and +6.4% revenue growth [6] - The Zacks Construction sector is expected to see Q3 earnings decline by -3% on +3.7% revenue growth, following +5.6% earnings growth in the previous quarter [8] - Full-year 2024 earnings for the Construction sector are expected to grow +1.1% YoY on +4.6% revenue growth, recovering from a -6.5% decline in 2023 [8] Broader Market Trends - Earnings growth for the S&P 500 is expected to accelerate in the coming periods, with double-digit gains projected for 2025 and 2026 [5] - The Construction sector's profitability has bottomed, with growth expected to resume from 2024 onwards [9]

Core Insights - Adobe's Firefly Services have achieved a milestone of 12 billion generations, emphasizing the company's commitment to AI-driven innovation in its Creative Cloud and Document Cloud platforms [1][2] - The third-quarter revenue increased by 11% to $5.41 billion, with digital experience subscription revenue growing by 12% to $1.23 billion, indicating strong financial performance [2] AI Integration and Product Development - Adobe's AI solutions are designed to be commercially safe and are rapidly integrated across its product portfolio, enhancing customer adoption and value realization [2] - New offerings like Adobe GenStudio and Firefly Services enable personalized content creation at scale, addressing content supply chain challenges [2] - Firefly-powered features in applications such as Photoshop, Illustrator, and Premiere Pro enhance user creativity and productivity [2] Advancements in Document Management - The introduction of AI Assistant in Adobe Acrobat has transformed user interaction with PDFs, allowing for conversations across multiple documents and supporting various formats [3] - There has been a 70% quarter-over-quarter growth in AI interactions, showcasing the increasing value derived from AI Assistant usage [3] Generative AI Applications - Adobe is leveraging generative AI to enhance content creation in Acrobat, integrating Firefly image generation into Edit PDF workflows [4] - The application of generative AI across different verticals is seen as having limitless potential, as demonstrated by Tata Consultancy Services' use of Adobe Premiere Pro and AI Assistant [4][5] Monetization Strategy - The current monetization model revolves around generative credits, with an increase in total credits consumed as new capabilities are integrated [6] - Company leadership is monitoring the evolution of the generative credits economy and is considering instituting caps in the future while focusing on user proliferation [6]