adobe

Adobe is a multinational software company best known for its creative and digital media products. Founded in 1982 by John Warnock and Charles Geschke, Adobe originally focused on desktop publishing and revolutionized the industry with its PostScript technology. Over time, it expanded into a broad suite of tools that support graphic design, video editing, photography, and web development. Flagship products like Photoshop, Illustrator, Premiere Pro, and Acrobat have become industry standards, widely used by professionals and hobbyists alike.

In recent years, Adobe has transitioned from a traditional software licensing model to a cloud-based subscription service known as Adobe Creative Cloud. This shift has allowed users to access software updates more frequently and collaborate more easily across devices. Beyond creative tools, Adobe has also built a strong presence in digital marketing and analytics through its Adobe Experience Cloud, offering businesses solutions for customer data management, advertising, and personalized content delivery.

Adobe continues to play a significant role in shaping the digital economy by enabling creativity, communication, and digital transformation. Its innovations in artificial intelligence, such as Adobe Sensei, enhance automation and streamline workflows across its platforms. As content creation and digital experiences become increasingly important across industries, Adobe remains a key player, continually adapting its technologies to meet evolving user needs.

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Two tech stocks restructure operations in order to spur growth
SYMANTEC CORP. (Nasdaq symbol SYMC; www.symantec.com) sells computer security technology, including anti-virus and email filtering software, to businesses and consumers. It also offers data-archiving software....
SYMANTEC CORP. $23.62 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (1-408-517-8000; www.symantec.com; Shares outstanding: 696.0 million; Market cap: $16.2 billion; Dividend yield: 2.5%) sells computer security technology, including anti-virus and emailfiltering software, to businesses and consumers....
ADOBE SYSTEMS INC. $61.77 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 499.9 million; Market cap: $30.7 billion; No dividends paid) makes a range of software that lets computer users create, edit and share documents in the popular PDF format. As well, graphic designers use its software to create print publications and web pages.

Adobe earned $164.6 million, or $0.32 a share, in its fiscal 2013 fourth quarter, which ended November 29, 2013. That’s down 46.5% from $307.9 million, or $0.61 a share, a year earlier. Revenue fell 9.7%, to $1.04 billion from $1.15 billion.

Last year, the company starting selling its Creative Cloud package of photo-editing and desktoppublishing programs as a subscription instead of a onetime purchase. Adobe added 402,000 Creative Cloud subscribers during the quarter, to bring its total to 1.44 million. That beat its goal of 1.25 million.
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ADOBE SYSTEMS INC. $59 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 501.8 million; Market cap: $29.6 billion; Price-to-sales ratio: 7.0; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) earned $164.6 million, or $0.32 a share, in its fiscal 2013 fourth quarter, which ended November 29, 2013....
ADOBE SYSTEMS INC. $59 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 501.8 million; Market cap: $29.6 billion; Price-to-sales ratio: 7.0; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) earned $164.6 million, or $0.32 a share, in its fiscal 2013 fourth quarter, which ended November 29, 2013. That’s down 46.5% from $307.9 million, or $0.61 a share, a year earlier. Revenue fell 9.7%, to $1.04 billion from $1.15 billion.

Last year, the company starting selling its Creative Cloud package of photo-editing and desktop-publishing programs as a subscription instead of a one-time purchase. Adobe added 402,000 Creative Cloud subscribers during the quarter, to bring its total to 1.44 million. That beat its goal of 1.25 million users.

The stock is up 57% in the past year and now trades at 53.6 times the $1.10 a share that Adobe will likely earn in fiscal 2014. That’s a high p/e ratio for a company that mainly serves customers in cyclical businesses like publishing. However, its switch to sale-by-subscription could generate a lot of long-term growth.
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AMAZON.COM INC., $384.24, symbol AMZN on Nasdaq, has expanded its AmazonFresh same-day grocery delivery service to San Francisco. The move follows the launch of the service in Los Angeles in June 2013. AmazonFresh has also been available in the company’s hometown of Seattle for some time. AmazonFresh promises same-day or early morning delivery of over 500,000 items, including groceries and food from specialty shops. Delivery is free on orders over $35 if the customer pays a yearly $299 subscription fee. The fee also includes the benefits of Amazon’s Prime service, such as free two-day shipping on most other products sold on Amazon.com. AmazonFresh may help the company achieve its goal of same-day delivery of all its products. In addition to groceries, AmazonFresh trucks will deliver a range of toys, electronics and household goods. Eventually, they could let the company ship to customers directly and do away with the services of UPS or FedEx in many markets. The trucks could also let Amazon pick up returns from customers, again cutting out the courier companies and speeding up service....
Adobe aims for a profit rebound from cloud computing subscriptions
ADOBE SYSTEMS (Nasdaq symbol ADBE; www.adobe.com) makes software that lets computer users create, edit and share documents in the popular PDF format. As well, graphic designers use its software to create print publications and web pages....
ADOBE SYSTEMS INC. $52 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 502.3 million; Market cap: $26.1 billion; Price-to-sales ratio: 6.1; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) earned $164.4 million, or $0.32 a share, in its fiscal 2013 third quarter, which ended August 30, 2013....
FAIR ISAAC CORP. $54.42 (New York symbol FICO; TSINetwork Rating: Average) (415-472-2211; www.fairisaac.com; Shares outstanding: 35.2 million; Market cap: $1.9 billion; Dividend yield: 0.2%) makes FICO Scores, the computer program that dominates the market for software that businesses use to evaluate customer creditworthiness....
ADOBE SYSTEMS INC. $52 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 502.3 million; Market cap: $26.1 billion; Price-to-sales ratio: 6.1; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) earned $164.4 million, or $0.32 a share, in its fiscal 2013 third quarter, which ended August 30, 2013. That’s down 43.5% from $291.2 million, or $0.58 a share, a year earlier. Revenue fell 7.9%, to $995.1 million from $1.1 billion.

The company is doing a good job of selling its Creative Cloud package of photo-editing and desktop-publishing programs as a subscription service instead of a one-time purchase. It added 331,000 Creative Cloud subscribers during the third quarter, compared to 221,000 in the second quarter. It now has 1.03 million subscribers and should reach its goal of 1.25 million by the end of fiscal 2013.

However, the stock trades at 35.9 times Adobe’s likely 2013 earnings of $1.45 a share. That’s a high p/e ratio for a company that’s shifting to a new business model. As well, its revenue and earnings could suffer if fewer users than expected sign up for the full version of Creative Cloud when their trial periods end.
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