Basic Stock Data on Adobe Systems Incorporated (ADBE)

In the past 52-week period, shares of Adobe Systems Incorporated (NASDAQ:ADBE) have moved within the range of $100.71 to $186.27. On the stock’s most recent trading day, the company’s shares ended the regular session at $173.52, which is 6.84% lower than its 52-week high.

Adobe Systems Incorporated (ADBE) has demonstrated a 20-day simple moving average (SMA) of -3.99%, and a 50-day SMA of 2.65%. This public company’s current market capitalization stands at $85.62 billion.

Analyzing Consensus Estimates, Sales Revenue and Net Income

Checking the amount of enthusiasm that Wall Street analysts hold for a particular stock is crucial when thinking about entering a position. According to the latest data, the consensus recommendation for Adobe Systems Incorporated (ADBE) is Outperform.

Public companies normally post earnings and revenue results that fall somewhat above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Aug. 2017, Adobe Systems Incorporated (ADBE) delivered a 1.25% surprise with its net revenue. Sales reached $1.84 billion during the three-month period, compared to the average analyst estimate of $1.82 billion.

Meanwhile, during the same quarter Adobe Systems Incorporated (ADBE) delivered a 9.34% earnings surprise. Net earnings for the quarter were posted at $1.10 per share, whereas Wall Street had forecast $1.01 per share.

Ownership at Adobe Systems Incorporated (ADBE), According to Most Recent SEC Filings

A publicly-traded organization’s latest 13F filings tell us important details about its institutional ownership. Adobe Systems Incorporated (ADBE) has 0 billion shares outstanding currently, 90.89% of which belong to institutional investors. Those institutional holdings amount to $75.06 billion.

Additionally, according to the most recent 13F filing from Adobe Systems Incorporated (ADBE), there were 92 new positions totaling 3,218,264 shares of the company’s stock. There were 52 sold out positions, on the other hand, totaling 1,119,824 shares.

Short, Medium and Long Term Indicators

Assessing the average trade volume of a public company’s stock in the short, medium and long term is helpful to gain an understanding of trading activity and investor sentiment. Adobe Systems Incorporated (ADBE) has had a 20-day average volume of 2,454,075 shares, with an average of 40% of short term indicators pointed at Sell.

The stock’s 50-day average volume has been 2,834,968 shares, with an average of 25% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 2,427,541 shares with 67% of long-term indicators pointing to Buy.