Market Update: Adobe Systems Inc (NASDAQ:ADBE) – Adobe Launches Spark: Visual Storytelling Apps for Everyone

[Business Wire] – Adobe today announced the immediate availability of Adobe Spark, the only integrated web and mobile solution for creating and sharing impactful visual stories. Free and designed for everyday communications, Adobe Spark empowers anyone – including small businesses, social marketers and students – to create stunning visual content that engages audiences across multiple channels and looks great on any … Read more on this. Adobe Systems Incorporated (ADBE) , with a current value of $47.81B, opened at $96.41. Shares have traded today between $95.25 and $96.95 per share with a trailing 52-week range being $71.27 to $98.00. Adobe (ADBE) shares are currently priced at 33.79x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.98x earnings multiple for the same period. According to a consensus of 22 analysts, the earnings estimate of $0.68 per share would be $0.20 better than the year-ago quarter and a $0.03 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $2.84, which would be a $0.76 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.40 Billion. If reported, that would be a 20.69% increase over the year-ago quarter. More recently, Canaccord Genuity Initiated ADBE at Buy (Mar 31, 2016). Previously, Dougherty & Company Initiated ADBE at to Buy. The average price target for ADBE shares by the analysts covering it is $110.38, which is 14.49% above where the stock opened. See more in (NASDAQ:ADBE) Similar Articles: Market Update: Adobe Systems Inc (NASDAQ:ADBE) – What Do Adobe’s Cloud And Facebook’s Mobile Mojo Have In Common? Market Update: Adobe Systems Inc (NASDAQ:ADBE) – [$$] Adobe Stock Seen With Upside to $110 Market Update: Adobe Systems Inc (NASDAQ:ADBE) – Here’s Why Adobe Belongs in Your Portfolio Ahead of Earnings