Ultime notizie per Adobe (NASDAQ:ADBE) Azioni

Adobe

Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).

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Adobe Inc

ADOBE ORD

Many investors are going full macro mode right now, focusing too much on today&#39;s data and not on tomorrow&#39;s implications. The U.S. election is coming up in a little over a month, a new earnings season is underway, and lots of economic data is pending for the Federal Reserve (the Fed) to consider further interest rate cuts before 2024 is over.
So far, the path is set for more rate cuts, with other countries starting to follow this same view, China being the latest to cut by 50 basis points last week. Some are still pointing to economic data like unemployment and contracting manufacturing PMI index readings for the past 22 months to quote a &lsquo;hard landing,&#39; but sticking to this view might keep these investors 100% bearish and potentially miss out on some of the potential rallies that can still be had.
One potential rally can be found in shares of Salesforce Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crm#NYSE">CRM</a>), especially now that Wall Street has reiterated a new boost on the stock&#39;s price target, pointing to further upside in the coming quarters. The reason behind the boost is exactly what retail investors should focus on in their portfolio strategy, and it has to do with the economy and business model for cloud businesses in the technology sector.
<h2>What If the Bears Are Right? What Happens to Salesforce Stock?</h2>
A bearish scenario for the S&amp;P 500 doesn&#39;t have to mean a bearish scenario for all stocks. If the bearish scenario plays out, unemployment might keep heading higher, and businesses will have to look for alternatives in hiring and managing their workforce today.
This is where Salesforce stock comes into play. As a cloud-based platform, Salesforce can streamline and improve most business processes in today&#39;s economy. This means cost savings and increased efficiency for its customers. So, if unemployment is on the rise in this bearish scenario, businesses can keep expensive employees on payroll or adjust for the slowdown by implementing technology.
Salesforce stock bulls can now understand where new demand will come from, but the rest of the business model is what will deliver the stability and predictability that helped Wall Street analysts land a higher price target. Cloud service businesses like Salesforce, Adobe Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>), and Workday Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wday#NASDAQ">WDAY</a>) all operate under a subscription model, which can be critical during a hard landing.
Why? Subscriptions provide more predictable and stable cash flows for the companies that receive them, making projections and valuations easier to calculate despite any uncertainty and volatility in the overall market. That&#39;s for the bearish side, but what if the bulls are right and the market actually does well?
Salesforce also has a bullish scenario at play: Businesses need to use the platform to manage the higher business activity if the economy does manage to pull a &lsquo;soft landing&#39;. Whichever way investors look at Salesforce stock, there is a path for it to move higher, which is why Wall Street analysts felt comfortable boosting it.
<h2>Where Analysts See Salesforce Heading Next</h2>
The consensus price target for Salesforce stock is now set at $308 a share, which calls for a net 11.3% upside from where the stock trades today. Those at Wedbush stand out from the pack, with a recent price boost as recently as last week, setting the valuation up to $325 a share, calling for a much higher 17.5% net upside from today&#39;s price.
Wedbush is not alone, however, as analysts at Piper Sandler agreed on a $325 price target for Salesforce stock last week. This shows investors that the rest of Wall Street sentiment is now shifting to the bullish end for this company, and both economic scenarios seem to back the business model&#39;s predictability and stability for the future.
Even though Salesforce stock trades at 86% of its 52-week high today, there is still much more upside aside from current analyst upgrades. Compared to the rest of the computer sector, Salesforce offers a discount based on several valuation multiples.
On a price-to-earnings (P/E) basis, Salesforce trades at a 49.8x multiple. This current valuation places Salesforce at a 78.5% discount to the computer sector&#39;s average P/E valuation of 232.7x today, creating a path for a potential new 52-week high for Salesforce.
On a price-to-book (P/B) basis, Salesforce trades at a 4.6x valuation compared to the computer sector&#39;s valuation of 7.2x. This shows investors how Salesforce stock could have more room to move higher despite already trading near its 52-week high. The bullishness in the face of this discount didn&#39;t stop on Wall Street, however.
Those at Centaurus Financial decided to boost their holdings in Salesforce stock by 23.4% as recently as September 2024, bringing their net investment up to $3.2 million today. Even the Healthcare of Ontario Pension Plan doubled its holding in September, bringing its net allocation up to $48.1 million to show investors another bullish angle for Salesforce stock.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/salesforce-stock-gets-a-wall-street-boost-cloud-businesses-back/">Salesforce Stock Gets a Wall Street Boost, Cloud Businesses Back?</a>&quot; first appeared on MarketBeat.

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WDAY

Salesforce Stock Gets a Wall Street Boost, Cloud Businesses Back?

Whales with a lot of money to spend have taken a noticeably bullish stance on Adobe.
Looking at options history for Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 31% with bearish.
From the overall spotted trades, 14 are puts, for a total amount of $1,097,651 and 8, calls, for a total amount of $534,813.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $410.0 to $595.0 for Adobe over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Adobe's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Adobe's whale activity within a strike price range from $410.0 to $595.0 in the last 30 days. 
<h3>Adobe 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727712938_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$21.3</td>
<td>$21.0</td>
<td>$21.0</td>
<td>$500.00</td>
<td>$350.7K</td>
<td>1.4K</td>
<td style="text-align: right;">167</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$10.4</td>
<td>$10.05</td>
<td>$10.4</td>
<td>$540.00</td>
<td>$312.0K</td>
<td>836</td>
<td style="text-align: right;">325</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$21.05</td>
<td>$21.0</td>
<td>$21.0</td>
<td>$500.00</td>
<td>$102.9K</td>
<td>1.4K</td>
<td style="text-align: right;">370</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$29.3</td>
<td>$26.85</td>
<td>$28.45</td>
<td>$450.00</td>
<td>$91.0K</td>
<td>5</td>
<td style="text-align: right;">64</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$29.3</td>
<td>$26.85</td>
<td>$28.45</td>
<td>$450.00</td>
<td>$91.0K</td>
<td>5</td>
<td style="text-align: right;">40</td>
</tr>
</tbody>
</table>

<h3>About Adobe</h3>
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
<h3>Where Is Adobe Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 863,777, the ADBE's price is down by -0.04%, now at $515.29. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 72 days.</li>
</ul>
<h3>What The Experts Say On Adobe</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $619.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Adobe with a target price of $635. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on Adobe, which currently sits at a price target of $675. 
&#x2A; An analyst from RBC Capital downgraded its action to Outperform with a price target of $610. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on Adobe, which currently sits at a price target of $625. 
&#x2A; An analyst from UBS has decided to maintain their Neutral rating on Adobe, which currently sits at a price target of $550. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Adobe with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Adobe Unusual Options Activity

Disclosed on September 26, SHANTANU NARAYEN, Chair and CEO at Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: NARAYEN's recent move involves selling 25,000 shares of Adobe. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000796343/000079634324000210//Archives/edgar/data/796343/000079634324000210/0000796343-24-000210-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value is $13,039,414.
The latest update on Friday morning shows Adobe shares up by 0.17%, trading at $516.26.
<h3>Get to Know Adobe Better</h3>
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
<h3>Understanding the Numbers: Adobe's Finances</h3>
Revenue Growth: Adobe's remarkable performance in 3 months is evident. As of 31 August, 2024, the company achieved an impressive revenue growth rate of 10.59%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 89.76%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 3.78, Adobe showcases strong earnings per share.
</li>
</ul>
Debt Management: Adobe's debt-to-equity ratio is below the industry average at 0.42, reflecting a lower dependency on debt financing and a more conservative financial approach.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 43.65, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 11.17, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 29.08, Adobe presents an attractive value opportunity.
</li>
</ul>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
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<h3>Illuminating the Importance of Insider Transactions</h3>
It's important to note that insider transactions alone should not dictate investment decisions, but they can provide valuable insights.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000796343">Check Out The Full List Of Adobe's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Adobe Chair and CEO Sold $13.04M In Company Stock

Adobe's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NYSE">ADBE</a>) short percent of float has risen 13.22% since its last report. The company recently reported that it has 6.07 million shares sold short, which is 1.37% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.8 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Adobe Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727363718_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Adobe has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Adobe's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Adobe's peer group average for short interest as a percentage of float is 3.26%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Adobe's Recent Short Interest

Whales with a lot of money to spend have taken a noticeably bullish stance on Adobe.
Looking at options history for Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) we detected 38 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 31% with bearish.
From the overall spotted trades, 16 are puts, for a total amount of $779,757 and 22, calls, for a total amount of $1,647,739.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $380.0 to $600.0 for Adobe during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Adobe's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Adobe's whale trades within a strike price range from $380.0 to $600.0 in the last 30 days. 
<h3>Adobe Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727205374_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$97.9</td>
<td>$94.95</td>
<td>$95.5</td>
<td>$510.00</td>
<td>$477.5K</td>
<td>1.0K</td>
<td style="text-align: right;">52</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$30.85</td>
<td>$30.45</td>
<td>$30.84</td>
<td>$525.00</td>
<td>$246.8K</td>
<td>242</td>
<td style="text-align: right;">81</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$39.25</td>
<td>$38.8</td>
<td>$39.25</td>
<td>$525.00</td>
<td>$184.4K</td>
<td>265</td>
<td style="text-align: right;">84</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$40.65</td>
<td>$40.05</td>
<td>$40.65</td>
<td>$520.00</td>
<td>$162.6K</td>
<td>602</td>
<td style="text-align: right;">43</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$30.05</td>
<td>$29.75</td>
<td>$30.0</td>
<td>$540.00</td>
<td>$114.1K</td>
<td>621</td>
<td style="text-align: right;">40</td>
</tr>
</tbody>
</table>

<h3>About Adobe</h3>
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
Following our analysis of the options activities associated with Adobe, we pivot to a closer look at the company's own performance.
<h3>Adobe's Current Market Status</h3>
<ul>
<li>With a volume of 1,237,268, the price of ADBE is down -0.75% at $523.93. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 78 days.</li>
</ul>
<h3>Professional Analyst Ratings for Adobe</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $629.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Citigroup has decided to maintain their Neutral rating on Adobe, which currently sits at a price target of $621. 
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Adobe with a target price of $660. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Adobe with a target price of $550. 
&#x2A; An analyst from B of A Securities has revised its rating downward to Buy, adjusting the price target to $640. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Adobe, targeting a price of $675. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Adobe, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

This Is What Whales Are Betting On Adobe

Live On CNBC, Jim Lebenthal Announces Bought More Adobe, Trims Visa

Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) has outperformed the market over the past 20 years by 8.05% on an annualized basis producing an average annual return of 16.54%. Currently, Adobe has a market capitalization of $234.06 billion. 
Buying $100 In ADBE: If an investor had bought $100 of ADBE stock 20 years ago, it would be worth $2,125.94 today based on a price of $527.87 for ADBE at the time of writing.
<h3>Adobe's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727127019_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 20 Years Ago Would Be Worth $2,100 Today

Adobe (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>), a titan in the Portable Document Format (PDF) technology, has been facing macroeconomic and competitive challenges this year, with its stock price plummeting 12.4% in the year-to-date period against the Zacks Computer-Software industry, the broader technology sector and the S&amp;P 500 index&#39;s returns of 14.8%, 22.2% and 19.6%, respectively.
<h2>Year-to-Date Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c9/78842.jpg?v=1570621114" style="border-style:solid; border-width:1px" />
Image Source: Zacks Investment Research
This loss has left investors and analysts questioning the company&#39;s future prospects. However, amid this downturn, Adobe&#39;s strengthening Generative Artificial Intelligence (GenAI) drive is emerging as a potential catalyst for a much-needed recovery.
ADBE&#39;s strong positioning in the digital content and marketing industry on the back of its robust cloud-enabled products and growing GenAI capabilities has been boosting its business prospects.
<h2>Expanding GenAI-Powered Solutions Drive ADBE&#39;s Prospects</h2>
Adobe is constantly riding on the solid momentum in its family of creative, generative AI models, namely Firefly.
Its unveiling of the Firefly Image 2 Model, Firefly Vector Model and Firefly Design Model to mark a significant advancement in its creative generative AI model family, enhancing creative control, image quality and illustrator capabilities, is a major positive.
Adobe recently introduced the new Firefly Video model, which is marked as another positive.
With Firefly innovations and integrations, ADBE has exceeded 12 billion generations since the launch of Firefly. This is marked as an important milestone.
The company enhanced features of Acrobat AI Assistant to allow customers to ask questions, get insights, and create content from information across groups of PDFs and other document types, including Microsoft Word, Microsoft PowerPoint and text files. It also introduced enhanced meeting transcript capabilities in AI Assistant.
Adobe&#39;s growing efforts to expand content creation in Adobe Acrobat are noteworthy. It integrated Adobe Firefly image generation into its Edit PDF workflows. It has optimized AI Assistant in Acrobat to generate content fit for presentations, emails and other forms of communication.
Adobe also offers Adobe Express Platform AI Assistant, which is capable of answering technical questions, automating tasks, simulating outcomes and generating audiences seamlessly.
The launch of Generative Remove in Adobe Lightroom, which is a powerful Firefly-backed tool that helps remove unwanted objects from any photo in a single click in a non-destructive manner, is a plus.
The introduction of Adobe Express for Enterprise, which is powered by Firefly Image Model 3, is driving the company&#39;s momentum among various enterprises.
<h2>Strong Customer Base Drives ADBE&#39;s Growth</h2>
A solid portfolio and differentiated approach to AI are attracting an expanding universe of customers across Adobe&#39;s segments.
International Business Machines (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ibm#NYSE">IBM</a>) is one of the notable customers leveraging Adobe Firefly.
Adobe&#39;s other key customer wins include Johnson &amp; Johnson, Mayo Clinic, Home Depot, Dentsu, TD Bank, Newell Brands, Alphabet&#39;s&nbsp;Google, MediaMonks, Meta, U.S. Navy, PepsiCo, Estee Lauder, Disney, RedBull, Amazon, KPMG, U.S. Treasury Department and Charles Schwab.
<h2>ADBE&#39;s Impressive Projections &amp; Rising Estimates</h2>
Strong customer momentum, along with solid Firefly momentum, is expected to boost its near-term as well as long-term prospects.
For fourth-quarter fiscal 2024, Adobe projects total revenues between $5.50 billion and $5.55 billion. The Zacks Consensus Estimate for the same is pegged at $5.54 billion, indicating growth of 9.8% year over year.
Management expects non-GAAP earnings per share between $4.63 and $4.68. The consensus mark for the same is pinned at $4.66, indicating growth of 9.1%. The estimate has been revised upward by a penny over the past 30 days.
For fiscal 2024, the Zacks Consensus Estimate for revenues is pegged at $21.44 billion, indicating year-over-year growth of 10.5%.
The consensus mark for fiscal 2024 earnings is pegged at $18.26 per share, suggesting year-over-year growth of 13.6%. The estimate has been revised upward by 0.6% in the past 30 days.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ec/78843.jpg?v=470519674" style="border-style:solid; border-width:1px" />
Image Source: Zacks Investment Research
<h2>Macro Headwinds &amp; Stiff Competition: Challenges for ADBE</h2>
However, a challenging macroeconomic environment, with high oil prices and elevated interest rates, remains a concern for Adobe. Fears of a looming U.S. recession are certainly major concerns. The ongoing Russia-Ukraine war also does not bode well for the company&#39;s business.
Moreover, ADBE faces stiff competition in the AI software space from other tech giants and well-funded startups like Stability AI and Midjourney.
Intensifying competition might cause the returns from its AI push to take longer to materialize, which does not bode well for the stock.
<h2>ADBE Stock Overvalued</h2>
ADBE stock is not so cheap, as the Value Score of D suggests a stretched valuation at this moment.
In terms of the forward 12-month Price/Sales ratio, Adobe is trading at 9.92X, higher than the industry&#39;s average of 7.84X.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/bf/78844.jpg?v=187583004" style="border-style:solid; border-width:1px" /> 
Image Source: Zacks Investment Research
<h2>Conclusion</h2>
Adobe&#39;s deepening GenAI focus and innovative GenAI-powered portfolio present a compelling opportunity for long-term investors. Its upward estimate revisions also bode well.
However, macro uncertainties and stiff AI competition are negatives for the stock. Also, its stretched valuation and Growth Score of C make it a risky bet at present.
ADBE currently has a Zacks Rank #3 (Hold), suggesting that it may be wise to wait for a more favorable entry point in the stock.
<a href="https://www.zacks.com/stock/news/2340074/adobe-dips-12-4-ytd-can-adbe-stock-rebound-on-genai-strength?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2340074">To read this article on Zacks.com click here.</a>

Macro Economic Events

Management

Economics

Adobe Dips 12.4% YTD: Can ADBE Stock Rebound on GenAI Strength?

Large tech companies are in a race to release new AI-driven <a href="https://www.benzinga.com/topic/artificial-intelligence">products and services</a>, aiming to capture a share of the rapidly expanding market. On Thursday, Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) unveiled its beta version of a video-generation tool powered by <a href="https://www.aboutamazon.com/news/innovation-at-amazon/amazon-ads-generative-ai-video-generator-advertisers">artificial intelligence in a blog post.</a>
The new tool enables advertisers to create videos using Amazon's AI technology. This product could compete with Adobe Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) upcoming text-to-video service, Firefly, which is expected to launch in beta later this year, <a href="https://www.theverge.com/2024/9/11/24241649/adobe-firefly-text-to-video-generative-ai-features-preview">according </a>to The Verge.
Amazon's video generator will initially be available in beta to select advertisers, allowing them to create promotional videos for their products using Amazon's AI at no additional cost.
Read Also: <a href="https://www.benzinga.com/news/large-cap/24/09/40930357/amazon-ends-remote-work-former-employee-asks-if-this-is-the-companys-version-of-silent-sacking">Amazon Ends Remote Work, Former Employee Asks If This Is The Company&#8217;s Version Of &#8216;Silent Sacking&#8217;</a>
"Video generator is another meaningful innovation that leverages generative AI to inspire creativity and deliver more value for both advertisers and shoppers," Amazon Ads vice president of product and technology Jay Richman said. Amazon and Adobe are not alone in the AI-powered video generator space. Other companies, like OpenAI, have also teased technology allowing users to create videos through simple text prompts such as "dog running through a field." Amazon&#8217;s video-generating technology is aimed at allowing companies to create a short video advertisement based on a single image of a product. If a company is selling a pair of shoes on Amazon, it will be able to turn a picture of the shoes into a short video advertisement showcasing the shoes in action. What Is Amazon Ads? Amazon Ads is the company's advertising arm, offering various marketing strategies and solutions to companies of all sizes. According to its website, companies can launch an advertising campaign through Amazon Ads in five minutes or less. Keep Reading: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40847157/jim-cramer-rebukes-analysts-for-harsh-stance-on-adobe-despite-strong-q3-earnings-report-asks-for">Jim Cramer Rebukes Analysts For Harsh Stance On Adobe Despite Strong Q3 Earnings Report — Asks For Balanced Perspective Between &#8216;Total Euphoria And Total Skepticism&#8217;</a></li>
</ul>
Some elements of this story were previously reported by Benzinga and it has been updated.
Photo: Shutterstock

General

AMZN

Amazon's AI Effort Takes Aim At A Household Name With New Video Technology

Daniel Durn, EVP &amp; CFO at Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), reported an insider sell on September 19, according to a new SEC filing. 
What Happened: Durn's recent move involves selling 6,500 shares of Adobe. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000796343/000079634324000206//Archives/edgar/data/796343/000079634324000206/0000796343-24-000206-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value is $3,350,328.
During Friday's morning session, Adobe shares down by 0.14%, currently priced at $525.7.
<h3>Discovering Adobe: A Closer Look</h3>
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
<h3>Breaking Down Adobe's Financial Performance</h3>
Positive Revenue Trend: Examining Adobe's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 1.86% as of 31 August, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: With a high gross margin of 89.76%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Adobe's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 3.78.
</li>
</ul>
Debt Management: Adobe's debt-to-equity ratio is below the industry average at 0.42, reflecting a lower dependency on debt financing and a more conservative financial approach.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 44.58 is lower than the industry average, implying a discounted valuation for Adobe's stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 11.4, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Adobe's EV/EBITDA ratio, lower than industry averages at 29.91, indicates attractively priced shares.
</li>
</ul>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
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<h3>The Importance of Insider Transactions</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Transaction Codes To Focus On</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000796343">Check Out The Full List Of Adobe's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EVP & CFO Of Adobe Makes $3.35M Sale

Adobe CFO Daniel Durn Reports Open Market Sale Of 4,500 Shares at $515.23/Share And 2,000 Shares at $515.90/Share On September 17

Large tech companies are racing to launch new artificial intelligence<a href="https://www.benzinga.com/topic/artificial-intelligence"> products and services </a>to capture market share. Most recently, Amazon.com Inc (NADSAQ: AMZN) announced its beta software of a new video-generating tool powered by AI in <a href="https://www.aboutamazon.com/news/innovation-at-amazon/amazon-ads-generative-ai-video-generator-advertisers">a blog post on Thursday. </a>The product allows advertisers to create videos for customers through Amazon's AI software. Amazon's new offering could rival Adobe Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) text-to-video service, Firefly, which is set to launch in beta at some point this year, according to <a href="https://www.theverge.com/2024/9/11/24241649/adobe-firefly-text-to-video-generative-ai-features-preview">The Verge. </a>Amazon's new video generator will be available in beta to select advertisers. Companies will be able to use Amazon's AI systems to create videos to advertise their products at no additional cost. 
Read Also: <a href="https://www.benzinga.com/news/large-cap/24/09/40930357/amazon-ends-remote-work-former-employee-asks-if-this-is-the-companys-version-of-silent-sacking">Amazon Ends Remote Work, Former Employee Asks If This Is The Company&#8217;s Version Of &#8216;Silent Sacking&#8217;</a>
"Video generator is another meaningful innovation that leverages generative AI to inspire creativity and deliver more value for both advertisers and shoppers," Amazon Ads vice president of product and technology Jay Richman said. Amazon and Adobe are not alone in the AI-powered video generator space. Other companies, like OpenAI, have also teased technology allowing users to create videos through simple text prompts such as "dog running through a field." What Is Amazon Ads? Amazon Ads is the company's advertising arm, offering various marketing strategies and solutions to companies of all sizes. According to its website, companies can launch an advertising campaign through Amazon Ads in five minutes or less. Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40847157/jim-cramer-rebukes-analysts-for-harsh-stance-on-adobe-despite-strong-q3-earnings-report-asks-for">Jim Cramer Rebukes Analysts For Harsh Stance On Adobe Despite Strong Q3 Earnings Report — Asks For Balanced Perspective Between &#8216;Total Euphoria And Total Skepticism&#8217;</a></li>
</ul>
Image: Shutterstock

As The AI Arms Race Wages On, Amazon Takes Shot At Rival Adobe With New Text-To-Video Product

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AIXI

ASAN

BILL

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MicroCloud Hologram Inc. - Ordinary Shares

HOLO

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Shares of software companies are trading higher amid overall market strength following Wednesday's Fed rate cut.

Last Thursday, Adobe Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>) reported its third quarter results, surpassing Wall Street&rsquo;s estimates for both the top and bottom line. However, Adobe&rsquo;s stock got punished for a lighter-than-expected fourth quarter guidance that sparked fears of smaller rivals taking business from software companies like Adobe and Salesforce Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crm#NYSE">CRM</a>).&nbsp;
Fiscal third quarter highlights
For the quarter ended on August 30th, Adobe reported revenue grew 11% to $5.41 billion, topping $5.37 billion that LSEG expected. The biggest line of business, Digital Media, that is home to Creative Cloud subscriptions that use generative artificial intelligence called Firefly, grew 11% YoY, bringing in sales of $3.98billion.&nbsp;Within the digital media segment, creative revenue grew 10% YoY to $3.19 billion&nbsp;while Document Cloud grew 18% YoY to $807 million.
The total subscription revenue amounted to $5.18 billion, rising 11% YoY.&nbsp;
Digital Experience segment reported revenue rose 10% to $1.35 billion.
Net income rose to $1.68 billion&nbsp;with adjusted earnings amounting to&nbsp;$4.65, surpassing $4.53&nbsp;that LSEG estimated.&nbsp;
Adobe demonstrated the strenght from its cash-generation capabilities,&nbsp;$2.02 billion, bringing in cash of&nbsp;$2.02 billion&nbsp;from its operations.&nbsp;
Adobe adjusted its outlook to a tough economy.&nbsp;
Taking into account current macroeconomic conditions and expected seasonal strength, Adobe adjusted its outlook.&nbsp;For the fourth fiscal quarter, Adobe guided for revenue between $5.5 billion and $5.55 billion, which fell short of FactSet&rsquo;s estimate of $5.6 billion.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Digital Media&nbsp;is projected to bring in&nbsp;$4.09 billion to $4.12 billion while Digital Experience segment is expected to report revenue between&nbsp;$1.36 billion and $1.38 billion. Adjusted&nbsp;profit is expected to range between $4.63 and $4.68 per share.
Adobe continues to empower its users with the technology of tomorrow.
Throughout the third quarter, Adobe outperformed across its key business segmens. More importantly, Adobe continues to integrarte AI across its portfolio.&nbsp;AI-powered enhancements, particularly Adobe Firefly,&nbsp;fueled the increased customer engagement and retention across Creative Cloud, Document Cloud, and Experience Cloud. However, the lighter than expected forecast sparked fears that AI gains will take longer to monetize, especially in the pressured&nbsp;buying environment.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Adobe Outperforms Q3 Estimates But Adjusts Its Guidance To A Challenging Environment

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$117.00</td>
<td>$38.0K</td>
<td>12.5K</td>
<td>61.6K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$165.00</td>
<td>$38.9K</td>
<td>6.9K</td>
<td>8.7K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$450.00</td>
<td>$57.2K</td>
<td>1.7K</td>
<td>4.4K</td>
</tr>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$210.00</td>
<td>$630.5K</td>
<td>4.9K</td>
<td>2.5K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$87.00</td>
<td>$37.6K</td>
<td>610</td>
<td>2.2K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$180.00</td>
<td>$237.8K</td>
<td>15.9K</td>
<td>1.9K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$30.00</td>
<td>$31.0K</td>
<td>15.5K</td>
<td>1.3K</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$600.00</td>
<td>$1.3 million</td>
<td>561</td>
<td>364</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$180.00</td>
<td>$62.3K</td>
<td>8.1K</td>
<td>362</td>
</tr>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$8.00</td>
<td>$61.4K</td>
<td>2.3K</td>
<td>360</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on September 20, 2024. This event was a transfer of 139 contract(s) at a $117.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $38.0K, with a price of $274.0 per contract. There were 12592 open contracts at this strike prior to today, and today 61676 contract(s) were bought and sold. 
• Regarding ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we observe a call option trade with bearish sentiment. It expires in 4 day(s) on September 20, 2024. Parties traded 50 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $38.9K, with a price of $778.0 per contract. There were 6977 open contracts at this strike prior to today, and today 8784 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on September 20, 2024. This event was a transfer of 30 contract(s) at a $450.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $57.2K, with a price of $1909.0 per contract. There were 1754 open contracts at this strike prior to today, and today 4442 contract(s) were bought and sold. 
• For IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), we notice a call option sweep that happens to be bullish, expiring in 60 day(s) on November 15, 2024. This event was a transfer of 452 contract(s) at a $210.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $630.5K, with a price of $1395.0 per contract. There were 4980 open contracts at this strike prior to today, and today 2545 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on September 20, 2024. Parties traded 200 contract(s) at a $87.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $37.6K, with a price of $188.0 per contract. There were 610 open contracts at this strike prior to today, and today 2252 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option trade with bullish sentiment. It expires in 123 day(s) on January 17, 2025. Parties traded 298 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $237.8K, with a price of $798.0 per contract. There were 15915 open contracts at this strike prior to today, and today 1985 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option sweep with bearish sentiment. It expires in 95 day(s) on December 20, 2024. Parties traded 1000 contract(s) at a $30.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $31.0 per contract. There were 15581 open contracts at this strike prior to today, and today 1337 contract(s) were bought and sold. 
• Regarding ADBE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), we observe a call option trade with neutral sentiment. It expires in 277 day(s) on June 20, 2025. Parties traded 350 contract(s) at a $600.00 strike. The total cost received by the writing party (or parties) was $1.3 million, with a price of $3750.0 per contract. There were 561 open contracts at this strike prior to today, and today 364 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bullish, expiring in 123 day(s) on January 17, 2025. This event was a transfer of 63 contract(s) at a $180.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $62.3K, with a price of $990.0 per contract. There were 8124 open contracts at this strike prior to today, and today 362 contract(s) were bought and sold. 
• Regarding WOLF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), we observe a put option sweep with bullish sentiment. It expires in 95 day(s) on December 20, 2024. Parties traded 307 contract(s) at a $8.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $61.4K, with a price of $200.0 per contract. There were 2324 open contracts at this strike prior to today, and today 360 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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10 Information Technology Stocks Whale Activity In Today's Session

<ul>
<li>New innovations across Adobe Experience Cloud will enable brands to demonstrate the impact of AI-generated marketing content through real-time experimentation and robust performance insights</li>
<li>Adobe Content Analytics unlocks the ability for brands to understand the performance of content down to an attribute level, using AI to pinpoint specific colors, objects and styles that resonate with target audiences</li>
<li>In Adobe Journey Optimizer and Adobe Experience Manager, new offerings will enable brands to personalize AI-generated content variations across channels such as web and email, boosting customer engagement</li>
</ul>

Adobe Unveils Innovations In Adobe Experience Cloud For Brands To Personalize AI-Generated Content

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Rentokil Initial plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTO#NYSE">RTO</a>) shares plummeted 19.65% after the company revised the guidance <a href="https://www.benzinga.com//node/40814655" target="_blank" rel="noreferrer noopener">for the second half of FY24</a>.</li>
<li>Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) stock dived 17.31% after the company&#8217;s CFO noted intensifying credit challenges among <a href="https://www.benzinga.com//node/40800069" target="_blank" rel="noreferrer noopener">borrowers at a conference</a>. Several analysts cut the <a href="https://www.benzinga.com//node/40811970" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) shares dropped 11.26% after the company cut its R&amp;D expenses by $1.1 billion by 2027 and projected <a href="https://www.benzinga.com//node/40834547" target="_blank" rel="noreferrer noopener">2025 sales below expectations</a>. Many analysts <a href="https://www.benzinga.com/quote/mrna/analyst-ratings" target="_blank" rel="noreferrer noopener">lowered the price target</a>.</li>
<li>Humana Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) stock decreased 9.93%, probably after this week&#8217;s <a href="https://www.benzinga.com/general/entertainment/24/09/40840076/trump-vs-harris-presidential-debate-viewership-tops-trump-biden-total-but-falls-short-of-re" target="_blank" rel="noreferrer noopener">Trump-Harris debate</a>.</li>
<li>Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) stock was down 7.57%.</li>
<li>KE Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) shares decreased 7.14%.</li>
<li>Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) shares lost 5.69% last week following Q3 earnings. Several analysts cut their price forecasts for<a href="https://www.benzinga.com/quote/ADBE/analyst-ratings" target="_blank" rel="noreferrer noopener"> the stock</a>.</li>
<li>Ryanair Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) shares fell 5.38%.</li>
<li>JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) stock lost 5.05% last week after COO tempered analyst outlook.</li>
<li>Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) fell 4.87% last week. A JP Morgan analyst maintained Devon Energy with an Overweight rating and lowered the <a href="https://www.benzinga.com/quote/ADBE/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $64 to $51</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40869287/chewy-broadcom-and-microstrategy-are-among-top-10-large-cap-stock-gainers-last-week-sep-8-sep-14-are" target="_blank" rel="noreferrer noopener">Chewy, Broadcom And MicroStrategy Are Among Top 10 Large Cap Stock Gainers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?</a></li>
</ul>
Photo by Lutsenko_Oleksandr on Shutterstock

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Moderna, Tyson Foods And Adobe Are Among Top 10 Large Cap Stock Losers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?

Citigroup analyst Tyler Radke maintains Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Neutral and lowers the price target from $621 to $616.

Citigroup Maintains Neutral on Adobe, Lowers Price Target to $616

UBS analyst Karl Keirstead maintains Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Neutral and lowers the price target from $560 to $550.

UBS Maintains Neutral on Adobe, Lowers Price Target to $550

Adobe Systems (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>) reported $5.41 billion in revenue for the quarter ended August 2024, representing a year-over-year increase of 10.6%. EPS of $4.65 for the same period compares to $4.09 a year ago.
The reported revenue represents a surprise of +0.79% over the Zacks Consensus Estimate of $5.37 billion. With the consensus EPS estimate being $4.53, the EPS surprise was +2.65%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company&#39;s financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock&#39;s price performance more accurately.
Here is how Adobe performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
<ul>
<li>Business Unit - Digital Media - Creative ARR (Annualized Recurring): $13.45 billion versus the five-analyst average estimate of $13.46 billion.</li>
<li>Business Unit - Digital Media - Total Digital Media ARR (Annual): $16.76 billion compared to the $16.71 billion average estimate based on four analysts.</li>
<li>Business Unit - Digital Media - Document Services ARR (Annual): $3.31 billion versus the four-analyst average estimate of $3.25 billion.</li>
<li>Revenue- Digital Media: $4 billion compared to the $3.97 billion average estimate based on seven analysts. The reported number represents a change of +11.2% year over year.</li>
<li>Revenue- Publishing and Advertising: $59 million compared to the $60.35 million average estimate based on seven analysts. The reported number represents a change of -11.9% year over year.</li>
<li>Revenue- Digital Experience: $1.35 billion compared to the $1.34 billion average estimate based on seven analysts. The reported number represents a change of +10.2% year over year.</li>
<li>Revenue- Digital Media- Creative Cloud: $3.19 billion versus $3.18 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +9.6% change.</li>
<li>Revenue- Digital Media- Document Cloud: $807 million versus the five-analyst average estimate of $790.70 million. The reported number represents a year-over-year change of +17.8%.</li>
<li>Revenue- Services and other: $146 million versus $163.69 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -10.4% change.</li>
<li>Revenue- Products: $82 million compared to the $111.98 million average estimate based on three analysts. The reported number represents a change of -14.6% year over year.</li>
<li>Digital Experience Subscription Revenue: $1.23 billion compared to the $1.21 billion average estimate based on three analysts. The reported number represents a change of +12.3% year over year.</li>
<li>Net Revenue- Subscription: $5.18 billion versus $5.09 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.9% change.</li>
</ul>
Shares of Adobe have returned +7.5% over the past month versus the Zacks S&amp;P 500 composite&#39;s +4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2335568/adobe-adbe-reports-q3-earnings-what-key-metrics-have-to-say?cid=CS-BENZ-FT-fundamental_analysis|nfm-2335568">To read this article on Zacks.com click here.</a>

Adobe Reports Q3 Earnings: What Key Metrics Have to Say

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Press Releases

ADBE INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into Adobe Inc. and Encourages Investors to Contact the Firm!

ADBE Investors Have Opportunity to Join Adobe Inc. Fraud Investigation with the Schall Law Firm

ADBE INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation Into Adobe Inc. and Encourages Investors to Contact the Firm!

Legal

Adobe Forecasts Record $240.8 Billion U.S. Holiday Season Online with Black Friday Growth to Outpace Cyber Monday

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Adobe Inc. - ADBE

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