Here are updates on two of your buys

Article Excerpt

Long-time readers know that we keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to brighten prospects for investors. Here are two buys that stand out this month: ADOBE INC., $371.94, is a buy. The company’s (Nasdaq symbol ADBE; TSINetwork Rating: Average) (www.adobe.com; Shares outstanding: 468.0 million; Market cap: $175.8 billion; No dividends paid) decision a few years ago to switch to selling its programs as ongoing subscriptions instead of one-time purchases continues to pay off for investors: In the three months ended June 3, 2022, Adobe’s revenue rose 14.4%, to a record $4.39 billion from $3.84 billion. Earnings climbed 10.6%, to $3.35 a share from $3.03 a year earlier. Adobe also spends a high 18% of its sales on research to stay ahead of the competition and add to its market share. Its balance sheet is nonetheless very strong: it holds cash of $5.3 billion. With an already-strong position in its key markets, the company’s sales should…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.