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.
ADOBE SYSTEMS INC. $76 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 500.3 million; Market cap: $38.0 billion; Price-to-sales ratio: 8.8; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) makes software for publishing companies and website developers.
The company’s main products include Adobe Acrobat, which lets users create and edit electronic documents in the widely used PDF format, and its Creative Suite package of desktop publishing and photo editing programs, including Photoshop.
In its fiscal 2015 first quarter, which ended February 27, 2015, Adobe earned $0.44 a share, up 46.7% from $0.30 a year earlier. Revenue rose 10.9%, to $1.11 billion from $1.00 billion. The company spends a high 20% of its revenue on research.
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The company’s main products include Adobe Acrobat, which lets users create and edit electronic documents in the widely used PDF format, and its Creative Suite package of desktop publishing and photo editing programs, including Photoshop.
In its fiscal 2015 first quarter, which ended February 27, 2015, Adobe earned $0.44 a share, up 46.7% from $0.30 a year earlier. Revenue rose 10.9%, to $1.11 billion from $1.00 billion. The company spends a high 20% of its revenue on research.
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ADOBE SYSTEMS INC. $76.03 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 500.3 million; Market cap: $38.0 billion; No dividends paid) makes software that lets computer users create, edit and share documents in the popular PDF format. Graphic designers also use its programs to create print publications and web pages.
In its fiscal 2015 first quarter, which ended February 27, 2015, Adobe earned $0.44 a share, up 46.7% from $0.30 a year earlier. Revenue gained 10.9%, to $1.11 billion from $1.00 billion.
Like Symantec, Adobe is shifting from selling software as a one-time purchase and toward a subscription model. It now gets 70% of its revenue from recurring sources, up from 52% a year ago.
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In its fiscal 2015 first quarter, which ended February 27, 2015, Adobe earned $0.44 a share, up 46.7% from $0.30 a year earlier. Revenue gained 10.9%, to $1.11 billion from $1.00 billion.
Like Symantec, Adobe is shifting from selling software as a one-time purchase and toward a subscription model. It now gets 70% of its revenue from recurring sources, up from 52% a year ago.
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FEDEX CORP., $172.04, New York symbol FDX, earned $580 million in the third quarter of its 2015 fiscal year, which ended February 28, 2015. That’s up 53.4% from $378 million a year earlier. Per-share earnings gained 63.4%, to $2.01 from $1.23, beating the consensus forecast of $1.87. The gains mainly resulted from the company’s recent restructuring and a 30.4% drop in fuel costs. Harsh winter weather in the year-earlier quarter also disrupted ground deliveries and depressed FedEx’s earnings. Overall revenue rose 3.7%, to $11.7 billion from $11.3 billion, missing the consensus estimate of $11.8 billion....
ALIMENTATION COUCHE-TARD INC., $49.29, symbol ATD.B on Toronto, operates 6,314 convenience stores throughout North America. The Canadian outlets operate under the Couche-Tard and Mac’s banners, while the U.S. stores mainly use the Circle K brand. In Europe, Couche-Tard operates 2,233 stores across Scandinavia (Norway, Sweden and Denmark), Poland, the Baltic States (Estonia, Latvia and Lithuania) and Russia. In the three months ended February 1, 2015, Couche-Tard’s sales rose just 1.7%, to $2.33 billion from $2.29 billion a year earlier (all figures except share price in U.S. dollars). The higher U.S. dollar cut the revenue contribution from the company’s European operations....
SYMANTEC CORP. $25.19 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (408-517-8000; www.symantec.com; Shares outstanding: 690.1 million; Market cap: $17.4 billion; Dividend yield: 2.4%) sells computersecurity technology, including antivirus and emailfiltering software, to businesses and consumers. In its fiscal 2015 second quarter, which ended October 3, 2014, Symantec’s earnings fell 7.5%, to $332 million from $359 million a year earlier. Per-share earnings declined 5.9%, to $0.48 from $0.51, on fewer shares outstanding. Revenue slipped 1.2%, to $1.62 billion from $1.64 billion. The declines are mainly because consumers bought less security software and Symantec spent a high 17% of its revenue on research. But the company continues to restructure, including cutting jobs and simplifying product lines. That should lift its profits....
TIM HORTONS INC., $85.92, New York symbol THI, has completed its merger with U.S.-based BURGER KING WORLDWIDE INC., $35.50, New York symbol BKW.
On Monday, December 15, 2014, the combined company, called Restaurant Brands International Inc., will begin trading on the Toronto and New York exchanges under the QSR symbol.
Restaurant Brands is the world’s third-largest fast-food restaurant operator, after McDonald’s and Yum Brands, with 14,000 Burger King restaurants and 4,590 Tim Hortons outlets in 100 countries. In all, these locations have annual sales of over $23 billion.
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On Monday, December 15, 2014, the combined company, called Restaurant Brands International Inc., will begin trading on the Toronto and New York exchanges under the QSR symbol.
Restaurant Brands is the world’s third-largest fast-food restaurant operator, after McDonald’s and Yum Brands, with 14,000 Burger King restaurants and 4,590 Tim Hortons outlets in 100 countries. In all, these locations have annual sales of over $23 billion.
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TIM HORTONS INC., $99.00, symbol THI on Toronto, has completed its merger with U.S.-based BURGER KING WORLDWIDE INC., $35.50, symbol BKW on New York.
On Monday, December 15, 2014, the combined company, called Restaurant Brands International Inc., will begin trading on the Toronto and New York exchanges under the QSR symbol.
Restaurant Brands is the world’s third-largest fast-food restaurant operator, after McDonald’s and Yum Brands, with 14,000 Burger King restaurants and 4,590 Tim Hortons outlets in 100 countries. In all, these locations have annual sales of over $23 billion U.S.
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On Monday, December 15, 2014, the combined company, called Restaurant Brands International Inc., will begin trading on the Toronto and New York exchanges under the QSR symbol.
Restaurant Brands is the world’s third-largest fast-food restaurant operator, after McDonald’s and Yum Brands, with 14,000 Burger King restaurants and 4,590 Tim Hortons outlets in 100 countries. In all, these locations have annual sales of over $23 billion U.S.
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ADOBE SYSTEMS INC. $74.00 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 498.7 million; Market cap: $36.9 billion; No dividends paid) makes software that lets computer users create, edit and share documents in the popular PDF format. Graphic designers also use its programs to create print publications and web pages.
In its fiscal 2014 fourth quarter, which ended November 28, 2014, Adobe earned $180.3 million, up 9.5% from $164.6 million a year earlier. Per-share earnings improved 12.5%, to $0.36 from $0.32, on fewer shares outstanding. Revenue rose 3.0%, to $1.07 billion from $1.04 billion.
Adobe continues to shift to a subscription-based model for selling software. It now gets 66% of its sales from recurring subscriptions, up from 44% a year ago.
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In its fiscal 2014 fourth quarter, which ended November 28, 2014, Adobe earned $180.3 million, up 9.5% from $164.6 million a year earlier. Per-share earnings improved 12.5%, to $0.36 from $0.32, on fewer shares outstanding. Revenue rose 3.0%, to $1.07 billion from $1.04 billion.
Adobe continues to shift to a subscription-based model for selling software. It now gets 66% of its sales from recurring subscriptions, up from 44% a year ago.
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Technology stocks tend to be riskier than other manufacturing firms. That’s because demand for their products is cyclical, and they must spend heavily on research and development. Even then, there’s no guarantee their efforts will boost their sales or protect them from start-ups with better technology. All four of these techs lead their niche markets, and they all have strong balance sheets. These factors temper their risk, but we still think they’ll make little progress in the next few months. APPLE INC. $119 (Nasdaq symbol AAPL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 5.9 billion; Market cap: $702.1 billion; Price-to-sales ratio: 3.9; Dividend yield: 1.6%; TSINetwork Rating: Average; www.apple.com) continues to profit from strong demand for its iPhone smartphone, which accounts for 56% of its sales. Other products include Mac computers (16%), iPad tablets (13%) and iPod music players and other services (15%)....
ADOBE SYSTEMS INC. $73 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 498.7 million; Market cap: $36.4 billion; Price-to-sales ratio: 8.9; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) makes software for publishing companies and website developers.
Its main products include Adobe Acrobat, which lets users create and edit electronic documents in the widely used PDF format, and its Creative Suite package of photo editing (Photoshop) and desktop publishing programs.
In 2012, Adobe started selling its Creative Suite software as a cloud-based service called Creative Cloud. Users pay a monthly subscription fee that lets them access the software and store documents online. That gives Adobe more predictable revenue streams than selling its products as a one-time purchase.
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Its main products include Adobe Acrobat, which lets users create and edit electronic documents in the widely used PDF format, and its Creative Suite package of photo editing (Photoshop) and desktop publishing programs.
In 2012, Adobe started selling its Creative Suite software as a cloud-based service called Creative Cloud. Users pay a monthly subscription fee that lets them access the software and store documents online. That gives Adobe more predictable revenue streams than selling its products as a one-time purchase.
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