Adobe Inc.
NASDAQ symbol ADBE, makes software that lets computer users easily create, edit and share electronic documents in the popular Acrobat PDF format. It also makes software that graphic designers use to create print publications and web pages.
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 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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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 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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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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ADOBE SYSTEMS $52.58 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 502.3 million; Market cap: $24.2 billion; No dividends paid) 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.
In the three months ended August 30, 2013, Adobe’s revenue fell 7.9%, to $995.1 million from $1.1 billion. That missed the consensus estimate of $1.01 billion.
Excluding one-time items, Adobe’s earnings fell 43.5% in the latest quarter, to $164.4 million, or $0.32 a share, from $291.2 million, or $0.58 a share, a year earlier. That’s because the company’s costs rose sharply as it transitions to selling its software as a subscription service instead of a one-time purchase. The latest earnings missed the consensus estimate of $0.34 a share.
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In the three months ended August 30, 2013, Adobe’s revenue fell 7.9%, to $995.1 million from $1.1 billion. That missed the consensus estimate of $1.01 billion.
Excluding one-time items, Adobe’s earnings fell 43.5% in the latest quarter, to $164.4 million, or $0.32 a share, from $291.2 million, or $0.58 a share, a year earlier. That’s because the company’s costs rose sharply as it transitions to selling its software as a subscription service instead of a one-time purchase. The latest earnings missed the consensus estimate of $0.34 a share.
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