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Fly News Breaks for March 18, 2015
ADBE
Mar 18, 2015 | 08:32 EDT
After Adobe reported Q1 net creative cloud subscriber growth that Pacific Crest describes as disappointing, the firm says the subscriber data reflects Q1 seasonality. The firm says the company's Q2 revenue guidance miss is consistent with prior quarters. Pacific Crest thinks the company's ARPU may be bottoming, and it keeps an $85 price target and Outperform rating on the shares.
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