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Adobe Stock Is Rising After Earnings; Highlights From Q4 Conference Call
Friday, December 11, 2015 - 11:35am | 772Read More...Shares of Adobe Systems Incorporated (NASDAQ: ADBE) hit a new 52-week high of $93.65 on Friday morning. Adobe reported earnings of $0.62 per share on revenue of $1.31 billion in its fourth quarter results on Thursday. Following the earnings print, Adobe's management hosted a...
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Inside Avid Everywhere With Avid Technology, Inc. CEO Louis Hernandez, Jr.
Wednesday, May 13, 2015 - 4:15pm | 1212Read More...“We're trying to solve a bigger problem. It's not just an editor, audio, storage or marketing. It's actually the whole thing that's the business problem,” Avid Technology, Inc. (NASDAQ: AVID) CEO Louis Hernandez, Jr. explained to Benzinga in part two of a two-part...
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Klipfolio Raises $6.2 Million, Proves It's Never Too Late To Act Like A Startup
Wednesday, February 25, 2015 - 6:14pm | 568Read More...Klipfolio, a company that's focused on disrupting the cloud dashboard market, waited 13 years to raise $1.7 million. After fulfilling its goals for 2014, the company decided to continue behaving like a startup. "We raised the seed round last February," Allan Wille, co-founder,...
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Shutterstock Is A 'High Quality Business With A Large Opportunity Ahead'
Friday, February 13, 2015 - 1:06pm | 249Read More...In a report published Friday, Jefferies analyst Brian Fitzgerald said that Shutterstock Inc (NYSE: SSTK) showed a "strong finish" to the year and that the company should be viewed as a "high quality business with a large opportunity ahead of it." Fitzgerald noted three key focus point for investors...
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SunTrust On The Expected Evolution Of The Ad Tech Ecosystem
Thursday, January 29, 2015 - 1:20pm | 717Read More...In a report published Thursday , titled Ad Tech Primer: From “Pipe” To ”Hourglass,” SunTrust's Bob Peck and his team took a look at the Internet and Digital Media sector. Below are some of the main takeaways. 1) “The market is going programmatic.” The...
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Microsoft Takes 'A Step Back In The Journey Forward,' Credit Suisse Says
Tuesday, January 27, 2015 - 10:11am | 299Read More...In a report published Tuesday, Credit Suisse analysts trimmed their forecast for Microsoft Corporation (NASDAQ: MSFT) after the company reported fiscal second-quarter results. The firm adjusted its fiscal 2015 revenue estimate to $94.412 billion (from $98.627 billion), and its EPS projection to $...
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Cantor Fitzgerald: Cyber Five Results Bode Well For E-Commerce Group, But Omnichannel Retailers Stand Out
Wednesday, December 3, 2014 - 11:13am | 278Read More...Youssef Squali commented in a note on Wednesday that Cyber Monday results showed decelerating growth over the prior days but looking at the entire Thanksgiving five-day period, data points indicate a “very positive” read. According to Adobe Cyber Monday sales were up 16 percent from...
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Will Piracy Weigh Down Adobe Systems Incorporated?
Tuesday, September 16, 2014 - 9:33am | 666Read More...For Adobe Systems Incorporated (NASDAQ: ADBE), earnings season is here. All eyes are on the company's online subscription service, Creative Cloud, which has gained subscribers every quarter since Q2 2013. The service hasn't been foolproof, though. Hackers successfully pirated...
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Lionsgate Could Be Losing Billions To 'Hunger Games' Pirates
Thursday, August 21, 2014 - 10:48am | 790Read More...Moviegoers are hungry for The Hunger Games, but not everyone is willing to pay for a legal download. Tru Optik, a startup that provides real-time and predictive audience intelligence for the media, entertainment and advertising industries, estimates that The Hunger Games: Catching Fire has an...
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Is Former Adobe CTO Kevin Lynch Behind Apple's 'Swift' Programming Language?
Wednesday, June 4, 2014 - 12:35pm | 587Read More...Apple (NASDAQ: AAPL) caused quite a stir when it hired Kevin Lynch last year. Before Apple, Lynch served as the Chief Technology Officer of Adobe (NASDAQ: ADBE). According to Bloomberg, he helped create some of the earliest applications for Mac computers. Lynch currently serves as Apple's...
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The Most Overvalued S&P 500 Stock Is...?
Thursday, May 15, 2014 - 11:12am | 1247Read More...The winner, by more than a country mile, is... Amazon! (NASDAQ: AMZN). The online retailing colossus sports the highest price-to-earnings ratio among stocks in the Standard & Poor's 500 Index: a whopping 462 times its trailing 12-month earnings. Amazon's P/E ratio, based on Wednesday's...
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Are Apple's Employee Departures Really A Bad Sign?
Monday, April 14, 2014 - 4:04pm | 516Read More...Last summer, Apple (NASDAQ: AAPL) was reportedly on the verge of an employee retention problem. Global Equities Research analyst Trip Chowdhry researched the topic and found a growing number of Apple employees had apparently left the company for new positions with Facebook, Google, LinkedIn and...
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Market Wrap For March 19: Yellen Hints of Higher Rates & Sooner Than Expected End To Taper
Wednesday, March 19, 2014 - 6:03pm | 2470Read More...The Fed announced that it will increase its tapering by a further $10 billion in addition to dropping the 6.5 percent unemployment rate threshold which has been the target rate to hike the Fund Funds rate. Thirteen of 16 Fed officials expect the Fed Funds rate to rise by the end of 2015. The...
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Adobe Rises 5% After Inline Q4
Thursday, December 12, 2013 - 5:32pm | 302Read More...Adobe (NASDAQ: ADBE) is up more than five percent in after hours trading after the company announced its fourth quarter results. The Photoshop maker reported a Q4 EPS of $0.32, which was inline with Wall Street's estimates. Earnings per share were down 48 percent from the year-ago period....
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Adobe Data Breach May be the Biggest Ever Recorded
Friday, November 8, 2013 - 3:43pm | 561Read More...If you’re an Adobe (NASDAQ: ADBE) customer, you probably received a letter about a security breach. If not, you probably don’t know about it. The event was never front-page news but new information reveals that the breach is massive. Right now, it’s one of the largest ever recorded but if all...
