Adobe set to keep your gains coming

Article Excerpt

Adobe has dropped 24.3% from the all-time peak of $389 it reached in February 2020. Even so, it’s still up 16% over the last year, and up a spectacular 5,900.2% since we first recommended it in July 1998. In 2011, the software provider was one of the first to end sales of boxed software and move its products to a software-as-a-service model. That’s where customers access the company’s regularly updated programs in the cloud over the Internet. Now, with the COVID-19 virus pushing more people to work remotely from home, Adobe is well-positioned to meet their needs. As a leading software firm, it’s also free from the kind of global supply chain disruptions that the virus has caused manufacturers. Moreover, the company’s 50 different online applications—especially its digital conferencing software—should continue to attract new subscribers as more and more remote workers look to stay connected to colleagues and ongoing projects. Adobe’s Experience Cloud software is also the leader in creating presentations and other…

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