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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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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ADOBE SYSTEMS INC. $62.19 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 498.7 million; Market cap: $30.4 billion; No dividends paid) reported a 12.5% earnings decline in the quarter ended August 29, 2014, to $0.28 a share from $0.32 a year earlier. Revenue rose 1.0%, to $1.0 billion from $995.1 million. The company continues to shift away from selling software as a one-time purchase and toward a subscription model. That hurts Adobe’s short-term sales and profits, but it should bring more predictable revenue streams as users continue to switch over. The stock now trades at 30.8 times the $2.02 a share that Adobe will likely earn in 2015. That’s a high p/e ratio for a company that mainly serves customers in cyclical businesses like publishing....
ATLANTIC TELE-NETWORK, $55.15, symbol ATNI on Nasdaq, is raising its quarterly dividend by 7.4%, to $0.29 a share from $0.27, with the October 10, 2014, payment. The stock now yields 2.1%. Atlantic closed the sale of its Alltel wireless business to AT&T (symbol T on New York) late last year. It now holds cash of $407.6 million, or $24.64 a share, and has paid off its $271.1 million of debt. The company could use its high cash balance to make acquisitions or expand its remaining operations. It could also make further dividend increases or pay special dividends. Meanwhile, the stock trades at a high 26.3 times the $2.10 a share that Atlantic is forecast to earn this year....
ADOBE SYSTEMS INC. $62.19 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 498.7 million; Market cap: $30.4 billion; No dividends paid) reported a 12.5% earnings decline in the quarter ended August 29, 2014, to $0.28 a share from $0.32 a year earlier. Revenue rose 1.0%, to $1.0 billion from $995.1 million.

The company continues to shift away from selling software as a one-time purchase and toward a subscription model. That hurts Adobe’s short-term sales and profits, but it should bring more predictable revenue streams as users continue to switch over.

The stock now trades at 30.8 times the $2.02 a share that Adobe will likely earn in 2015. That’s a high p/e ratio for a company that mainly serves customers in cyclical businesses like publishing.

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The Direxion iBillionaire Index ETF, $25.40, symbol IBLN on New York (Units outstanding: 1.4 million; Market cap: $35.6 million; www.direxioninvestments.com), is designed to profit from copying the moves of billionaire investors, such as Warren Buffett, Carl Icahn, Daniel Loeb and David Tepper. The ETF began trading on August 1, 2014. Its MER is 0.65%—lower than most mutual funds, but high for an ETF. The Direxion iBillionaire Index ETF selects up to 10 billionaire investors from a pool of 50, based on their personal net worth, source of wealth, stock turnover and performance over time. It then selects stocks from their investment firms or hedge funds....
ADOBE SYSTEMS INC. $69 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 497.4 million; Market cap: $34.3 billion; Price-to-sales ratio: 8.5; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) earned $140.6 million in its fiscal 2014 third quarter, which ended August 29, 2014. That’s down 14.5% from $164.4 million a year earlier. Per-share earnings declined 12.5%, to $0.28 from $0.32, on fewer shares outstanding. Revenue rose 1.0%, to $1.01 billion from $995.1 million. The company continues to shift away from selling software as a one-time purchase and toward a subscription model. It now gets 63% of its revenue from recurring subscriptions. Adobe ended the latest quarter with 2.8 million subscribers to its Creative Cloud package of photo editing and desktop publishing programs, up 21.8% from a year earlier. Adobe Marketing Cloud, a package of software aimed at improving online marketing efforts and website performance, saw its revenue rise 13.8%....
CONAGRA FOODS INC., $33.61, New York symbol CAG, rose 4% this week after reporting better-than-expected earnings.

In its fiscal 2015 first quarter, which ended August 24, 2014, ConAgra’s earnings form ongoing operations fell 16.6%, to $111.2 million, or $0.25 a share....
CARFINCO FINANCIAL GROUP INC., $11.33, symbol CFN on Toronto, is the subject of a friendly takeover bid from Banco Santander of Spain (ADR symbol SAN on New York). The offer is for $11.25 a share in cash. Carfinco will also pay a special dividend of up to $0.10 a share when the deal closes. Carfinco is now trading at $11.33, which is just about equal to the value of the cash and special dividend. The company’s directors and executive officers, who collectively own a 12.9% stake, have agreed to support the deal. However, Carfinco could attract a rival bid, or significant shareholders, such as mutual funds, could hold out for a higher offer....
ADOBE SYSTEMS INC. $69 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 497.4 million; Market cap: $34.3 billion; Price-to-sales ratio: 8.5; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) earned $140.6 million in its fiscal 2014 third quarter, which ended August 29, 2014. That’s down 14.5% from $164.4 million a year earlier. Per-share earnings declined 12.5%, to $0.28 from $0.32, on fewer shares outstanding. Revenue rose 1.0%, to $1.01 billion from $995.1 million.

The company continues to shift away from selling software as a one-time purchase and toward a subscription model. It now gets 63% of its revenue from recurring subscriptions.

Adobe ended the latest quarter with 2.8 million subscribers to its Creative Cloud package of photo editing and desktop publishing programs, up 21.8% from a year earlier. Adobe Marketing Cloud, a package of software aimed at improving online marketing efforts and website performance, saw its revenue rise 13.8%.

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SYMANTEC CORP. $24.28 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (408-517-8000; www.symantec.com; Shares outstanding: 692.7 million; Market cap: $16.7 billion; Dividend yield: 2.5%) sells computer-security technology, including anti-virus and email-filtering software, to businesses and consumers....