What To Expect From Adobe StockĪmong 30 analysts polled via, ADBE stock has an "outperform" rating. 25, it closed at $431.62 which means the shares lost around 7.5% of their value since the earnings announcement. “Adobe achieved record Q1 revenue as Creative Cloud, Document Cloud and Experience Cloud continue to be pivotal in driving the digital economy.”īut, management warned that the war in Ukraine would dent Q2 metrics as it halted sales in Russia and Belarus and its sales in Ukraine would also be affected.Īdobe now expects Q2 sales of $4.34 billion and adjusted EPS of $3.30, both of which are lower than analysts had been estimating.Īhead of the release, Adobe was trading at around $465. Meanwhile, it repurchased about 3.8 million shares in Q1. Wall Street loves subscription-based businesses as it implies relatively reliable cash flow quarter-after-quarter.Īdobe earned an adjusted $3.37 a share. Adobe classifies revenue in two main segments: digital media which was $3.11 billion and digital experience which was $1.06 billion.Īnalysts noted that subscription-based revenue was $3.96 billion, or about 93% of total revenue.
It reported a 9% year-on-year growth in revenue to $4.26 billion.
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The software company released Q1 figures on Mar.
In the same segment, next come Adobe InDesign (30.17%) and Adobe Illustrator (12.62%). In terms of graphics software, the market share of Adobe Photoshop is over 46%. However, after the release of Q1 FY22 results, the stock price plunged to its 52-week low of $407.94.Īdobe is well-known for its range of creative and digital marketing software offerings and recent metrics show that Adobe is among the top 10 software names globally. 22, 2021, ADBE shares went over $699, hitting a record high.