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Adobe Systems

  • Adobe Proves Subscription Model Works

    By Stephanie Faris - June 19, 2013 | Tickers: ADBE, MSFT, CRM

    When Adobe Systems (NASDAQ: ADBE) released its second-quarter earnings report, results were better than analysts had predicted. The news that the maker of such products as Photoshop and Acrobat had enjoyed earnings of more than $1 billion was enough to increase shares four percent in after-hours trading.

    This is good news for a company that announced it would be removing its Creative Suite from store shelves and exchanging it for more »

  • Adobe On Path To All-Time Highs

    By Vladimir Zernov - June 19, 2013 | Tickers: ADBE, MKTO, MSFT

    The software world is quickly moving to a subscription model. Adobe (NASDAQ: ADBE) is one of the companies that has recently taken its software offers into the cloud. The move was successful, and the company’s second quarter earnings back this statement.

    Adobe has reported earnings of $0.36 per share, beating analysts’ estimates. The revenue was $1.011 billion, in line with expected. The market liked what it saw more »

  • Billionaire Andreas Halvorsen’s New Stock Picks

    By Meena Krishnamsetty - June 14, 2013 | Tickers: ADBE, CX, MPC, BA, VLO

    We track quarterly 13F filings from hundreds of hedge funds, including billionaire (and Tiger Cub) Andreas Halvorsen’s Viking Global. We have found that the information in 13Fs can be used to develop profitable investing strategies; for example, the most popular small cap stocks among hedge funds earn an average excess return of 18 percentage points per year (learn more about our small cap strategy). By comparing the most recent more »

  • Responsys or Constant Contact Anyone?

    By John Moore - June 9, 2013 | Tickers: ADBE, CTCT, MSFT, MKTG, CRM

    The $2.5 billion acquisition of ExactTarget by Salesforce is just the latest blockbuster deal in the web marketing space as enterprise software companies look for value in online marketing. This deal puts the major software vendors on the prowl for marketing assets.

    So who's the next acquisition candidate?

    Responsys and Constant Contact

    By Labor Day, Adobe or Microsoft must acquire an Email Service Provider (ESP). Adobe has built more »

  • A Great Play on Cloud-Based Software

    By Matthew Frankel - June 4, 2013 | Tickers: ADBE, MSFT, RHT

    The world’s leading producer of Linux software and operating systems, Red Hat (NYSE: RHT) may be one of the remaining exciting growth stories left whose share price hasn’t inflated in the current bull market. In fact, shares of Red Hat are much closer to their 52-week lows than they are to the highs. With tremendous growth projected over the next several years, a strong balance sheet, and a more »

  • This Stock Has Got Multiple Catalysts

    By Nick Chiu - May 30, 2013 | Tickers: ADBE, AKAM, BBY, VIA

    If a company is investing more to keep up with demand, it is a good sign for investors. It would be even better if the company can improve its margins at the same time. Akamai Technologies (NASDAQ: AKAM), a leading provider of content delivery and cloud infrastructure services for enterprises, is expanding its CapEx while improving gross margin as well.

    Akamai's products and services continue to be in demand more »

  • This Tiger Cub Gets Bullish

    By Marshall Hargrave - May 29, 2013 | Tickers: ADBE, CMCSA, BA, TWX

    Andreas Halvorsen is one of the most successful Tiger cubs. The host of Tiger cubs include various hedge fund mangers that worked for billionaire Julian Robertson's Tiger Management. Halvorsen founded his Viking Global hedge fund in 1999, and the fund takes a bottom-up stock picking approach. It was snatching up a number of stocks last quarter, while also upping its stake in others. Outlined below are some of the more »

  • This Company Has a Cloudy Future

    By John Moore - May 28, 2013 | Tickers: ADBE, ET, RHT, SYMC

    Adobe Systems (NASDAQ: ADBE) is abandoning its packaged-software business and using the software-as-a-service (SaaS) model for its web design tools. They plan to use their Creative Cloud subscription-based service to deliver products. Adobe has been scrambling since Steve jobs penned his famous, "Thoughts on Flash" memo. Adobe has been losing the web creative class (web designers and developers) ever since.

    To add insult to injury, Steve Job's HTML5 fetish more »

  • Is it Time to Buy the Latest Tech Company to Warn?

    By Lee Samaha - May 27, 2013 | Tickers: ADBE, ADSK, FAST, MSM

    There have been two major themes to the first quarter reporting season. The first is that tech spending has been weak across the board, and the second is that--outside of pockets like aerospace and automotive--the industrial sector has been weak too. Cue Autodesk’s(NASDAQ: ADSK) latest set of results. It’s a software company and its end markets are industrial. The rest is history--the company's results were disappointing more »

  • Xbox One, Creative Cloud Backlash Show Limits of Cloud Computing

    By Salvatore "Sam" Mattera - May 25, 2013 | Tickers: ADBE, GOOG, MSFT

    Even the most casual observers of technology are aware of a major shift currently taking place. Increasingly, less computing is being done locally, and more is being done “in the cloud.”

    This trend toward cloud computing has obvious advantages, but it isn't without its drawbacks. Some companies, such as Microsoft (NASDAQ: MSFT) and Adobe (NASDAQ: ADBE), have angered their customers with their embrace of cloud technology.

    Are these companies more »

  • Why Autodesk Plunged

    By Chris Lau - May 24, 2013 | Tickers: DDD, ADBE, ADSK

    Autodesk (NASDAQ: ADSK) dropped 7% after reporting quarterly results that missed consensus estimates. The software maker earned $0.42 per share on sales of $570 million. The results missed consensus by $0.03 per share, while revenue trailed by $13.4 million. The company forecasts second quarter revenue will be $550 million - $570 million, while earnings per share will be $0.39 - $0.44, well below the $0.51 per more »

  • A West Coast Hedge Fund Is Bullish On These 5 Stocks

    By Meena Krishnamsetty - May 24, 2013 | Tickers: ADBE, ATHN, PANW, PCLN, WYNN

    Criterion Capital Management is a San Francisco-based investment adviser specializing in global technology, media and telecommunications. The fund is managed by Chris Lord, David Riley and Tomoko Fortune, and recently filed its latest 13F with the SEC, describing some of its main investments during 2013’s first quarter.

    The tippy top

    The largest equity position in Criterion’s 13F was networking and communications company Palo Alto Networks (NYSE: PANW). During more »

  • A Lot of Potential for Those Who Want Some Adventure in Their Portfolios

    By Matthew Frankel - May 21, 2013 | Tickers: ADBE, CTXS, CRM

    Salesforce.com (NYSE: CRM) is the leader in software-as-a-service (SaaS) computing solutions, which is an industry that is still in its infancy. Through several acquisitions and good internal development, the company has greatly expanded its offerings, and investors and analysts seem to be very optimistic about the future. My concern is that perhaps too much growth is priced in, and that the company won’t be able to produce the more »

  • Thankfully Steve Jobs Was Wrong, or Adobe Might be in Trouble

    By Salvatore "Sam" Mattera - May 9, 2013 | Tickers: ADBE, AAPL, MSFT

    Apple’s (NASDAQ: AAPL) founder Steve Jobs wasn't the biggest fan of Adobe (NASDAQ: ADBE). Most famously, Steve Jobs despised Adobe’s Flash, so much so that when Adobe said it was stopping flash development on mobile devices, CNN wondered if Jobs had succeeded in killing Adobe’s product.

    Jobs probably wouldn't be fan of Adobe’s most recent decision either, although he likely couldn't do too more »

  • This Stock Should Not Trade at a Discount to Its Peer

    By Mark Lin - May 7, 2013 | Tickers: ADBE, GOOG, TYPE

    If you do any form of reading or writing, you would have unwittingly come across many of the fonts trademarked by Monotype Imaging (NASDAQ: TYPE) such as Sans and Helvetica. Monotype Imaging boasts of moats in the form of trademarks and high customer switching costs and is currently trading at a 30% discount to its closest listed comparable Adobe (NASDAQ: ADBE) based on forward P/E, despite a higher ROA more »

  • Software Services Are the Future, Not Devices

    By Nihar Patel - May 6, 2013 | Tickers: ADBE, AMZN, GOOG

    I recent got myself a Nexus 10 tablet, because I got tired of researching and writing on my desktop. I could have used a notebook but it just was not as comfortable. I am loving the Android system, and tablets really make it easy to focus on only writing. A computer is so distracting, because multiple windows beckon to me. The home key holds no such temptation.

    Services and software more »

  • Growth And Buyback, Red Hat Looks Hot

    By Nick Chiu - April 30, 2013 | Tickers: ADBE, RHT, SAP

    Red Hat (NYSE: RHT), with a market cap of $9.53 billion, is the world's leading provider of open source software solutions, including its Red Hat Enterprise Linux and JBoss Enterprise Middleware.

    Share repurchase

    On April 15, 2013, Red Hat’s Board of Directors authorized the repurchase of up to $300 million of Red Hat’s common shares, replacing the previous $300 million repurchase program. The final $179 million more »

  • 4 Companies Pursuing the Right Course of Action

    By Nihar Patel - April 27, 2013 | Tickers: ADBE, AMD, INTC, STX

    Transitions are scary because there is no right thing to do. The company has to take a chance and see where it leads. That is even harder when a new path will take years to fully evaluate. Nothing will be gained if nothing is ventured. Making a judgment long before a plan fully plays itself out is how legends are made.

    1. If you cannot compete, avoid the gladiator pit more »

  • 3 Tech Buy Ideas As Bears Retreat

    By Chris Lau - April 17, 2013 | Tickers: ADBE, ROVI, SFLY | Editor's Choice

    A decline in short-selling volume for companies could be interpreted in two ways. First, bears could be locking in gains and anticipating that any additional downside is limited. A second reason could be that the negative bet isn't playing out, so investors are covering their shorts. On the Nasdaq exchange, companies that fit under one of those two categories could be a source for further upside.

    Company

    Mar 28 more »

  • 3 Tech Buy Ideas as Bears Retreat

    By Chris Lau - April 13, 2013 | Tickers: ADBE, ROVI, SFLY

    A decline in short selling volume for companies could be interpreted in two ways. Bears could be locking in gains and anticipating that any additional downside is limited. A second reason could be that the negative bet is not playing out, so investors are covering their shorts. On the Nasdaq exchange, companies that fit under one of those two categories could be a source for further upside:

    Company

    Mar 28 more »

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