Adobe prospers in the pandemic and beyond

Article Excerpt

This leading software firm benefited from the significant number of people working from home during the pandemic. Going forward. we expect the remote-work trend to continue past the COVID-19 crisis and to spur rising demand for Adobe’s digital conferencing software and other apps. Meanwhile, there are other drivers pushing Adobe upward, including the company’s strong position in key markets and its high R&D spending. Together, they set up Adobe’s sales, profit and share price for even stronger growth. Adobe is a Power Buy. ADOBE INC., $428.11, is a buy. The company (Nasdaq symbol ADBE; TSINetwork Rating: Average) (www.adobe.com; Shares o/s: 472.5 million; Market cap: $206.2 billion; No dividends paid) operates through three main segments: The Digital Media segment’s software includes Adobe Photoshop and Adobe InDesign. The Digital Experience segment provides analytics, social marketing, targeting, media optimization, and cross-channel campaign management software. It also offers premium video delivery. The Publishing segment produces software that lets computer users create, edit and share documents in the popular PDF format. It offers…