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ADBE

Adobe

$258.10

1.95 (0.76%)

16:37
06/14/18
06/14
16:37
06/14/18
16:37

Adobe sees 2019 tax rates to stabilize at approximately 14%

Adobe expects fiscal year 2019 GAAP and non-GAAP effective tax rates to stabilize at a rate of approximately 14%,below its fiscal year 2017 rate of approximately 21%, and lower than the company's prior expectation of approximately18%.

  • 14

    Jun

ADBE Adobe
$258.10

1.95 (0.76%)

05/22/18
BARD
05/22/18
NO CHANGE
Target $260
BARD
Outperform
Adobe price target raised to $260 from $240 at Baird
Baird analyst Rob Oliver raised his price target to $260 from $240 on Adobe shares following its announcement of a deal to buy private-equity owned Magento for $1.6B. The analyst said Magento is one of the leading e-commerce platforms and fills a gap in Adobe's Experience Cloud offering. The analyst, who sees the deal better positioning Adobe to be competitive against other cloud companies, reiterated his Outperform rating on Adobe shares.
05/22/18
BMOC
05/22/18
NO CHANGE
Target $260
BMOC
Outperform
Adobe purchase of Magento makes "strategic sense", says BMO Capital
BMO Capital analyst Keith Bachman kept his Outperform rating and $260 price target on Adobe, noting that its purchase of Magento "makes strategic sense". The analyst says the company should leverage its marketing leadership "to include both transaction and post-sales consumer data" while ultimately moving into cloud post sales support. Bachman adds that the purchase price of 10-11-times Magento's 2017 revenue is not inexpensive, but the recent deals in this space have had similar multiples.
06/11/18
RBCM
06/11/18
NO CHANGE
Target $268
RBCM
Outperform
Adobe price target raised to $268 from $242 at RBC Capital
RBC Capital analyst Ross MacMillan raised his price target on Adobe to $268 and kept his Outperform rating. The analyst says he expects Q2 earnings upside from price increases in North America, positive impact from General Data Protection Regulation on the Digital Experience business, and benefits from the updates to product strategy amid the pending Magento acquisition. MacMillan also raises his target valuation multiple to 30-times from 27-times the expected FY20 EPS.
06/12/18
LEHM
06/12/18
NO CHANGE
Target $270
LEHM
Overweight
Adobe price target raised to $270 from $260 at Barclays
Barclays analyst Saket Kalia raised his price target for Adobe Systems to $270 ahead of Thursday's earnings print citing higher software multiples. The analyst believes Digital Media incremental annual reoccurring revenue is beatable given seasonal patterns and possibly a little price increase benefit. Further, he thinks growth expectations of around 20% in the second half of 2018 "is a little under-promise/overdeliver." Kalia keeps an Overweight rating on Adobe.

TODAY'S FREE FLY STORIES

JCI

Johnson Controls

$35.65

-0.58 (-1.60%)

15:10
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15:10
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Notable call spread in Johnson Controls »

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General news
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JBL

Jabil

$27.51

-2.57 (-8.54%)

15:08
09/25/18
09/25
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15:08
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Jabil analyst commentary  »

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CMTL

Comtech

$34.73

0.77 (2.27%)

15:08
09/25/18
09/25
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Hot Stocks
Comtech awarded over $4M in additional funding from U.S. Army »

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KBH

KB Home

$25.35

-0.18 (-0.71%)

15:04
09/25/18
09/25
15:04
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15:04
Options
KB Home options imply 8.7% move in share price post-earnings, above median historical move »

Pre-earnings options…

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    Sep

MYGN

Myriad Genetics

$46.92

0.01 (0.02%)

15:00
09/25/18
09/25
15:00
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15:00
Conference/Events
Myriad Genetics management to meet with Jefferies »

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DAL

Delta Air Lines

$57.10

-0.33 (-0.57%)

15:00
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09/25
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15:00
Options
Delta draws a notable call spread as shares tick lower »

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  • 09

    Nov

APRN

Blue Apron

$1.71

0.04 (2.40%)

14:57
09/25/18
09/25
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14:57
Hot Stocks
Blue Apron jumps after O'Leary discusses on CNBC »

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AET

Aetna

$200.71

-2.74 (-1.35%)

, CVS

CVS Health

$77.64

-1.1 (-1.40%)

14:54
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14:54
Hot Stocks
NY DFS expresses concerns about proposed Aetna, CVS Health deal »

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AET

Aetna

$200.71

-2.74 (-1.35%)

CVS

CVS Health

$77.64

-1.1 (-1.40%)

ESRX

Express Scripts

$93.26

-1.19 (-1.26%)

CI

Cigna

$200.54

-2.61 (-1.28%)

03/08/13
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ABT

Abbott

$72.00

0.57 (0.80%)

14:50
09/25/18
09/25
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14:50
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Abbott says study shows Portico safely reduced severe aortic stenosis »

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NKE

Nike

$85.02

0.75 (0.89%)

14:49
09/25/18
09/25
14:49
09/25/18
14:49
Options
Nike options imply 8.5% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 25

    Sep

EZPW

Ezcorp

$10.58

0.075 (0.71%)

14:45
09/25/18
09/25
14:45
09/25/18
14:45
Conference/Events
Ezcorp management to meet with Jefferies »

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CNDT

Conduent

$22.30

0.12 (0.54%)

14:37
09/25/18
09/25
14:37
09/25/18
14:37
Conference/Events
Conduent management to meet with Jefferies »

Meeting to be held in New…

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INTC

Intel

$46.14

-0.77 (-1.64%)

, ADI

Analog Devices

$92.82

-2.19 (-2.31%)

14:36
09/25/18
09/25
14:36
09/25/18
14:36
Hot Stocks
Intel slides as analyst says sell with semis seen in cyclical downturn »

Shares of Intel (INTC)…

INTC

Intel

$46.14

-0.77 (-1.64%)

ADI

Analog Devices

$92.82

-2.19 (-2.31%)

MCHP

Microchip

$79.10

-3.19 (-3.88%)

ON

ON Semiconductor

$18.44

-0.665 (-3.48%)

MPWR

Monolithic Power

$129.88

-2.99 (-2.25%)

AMD

AMD

$32.59

-0.03 (-0.09%)

NVDA

Nvidia

$268.05

2.33 (0.88%)

QCOM

Qualcomm

$73.16

-0.43 (-0.58%)

SIMO

Silicon Motion

$54.13

-0.04 (-0.07%)

MXIM

Maxim Integrated

$58.13

-1.61 (-2.70%)

TXN

Texas Instruments

$107.78

-2.03 (-1.85%)

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BRC

Brady

$44.20

0.15 (0.34%)

14:35
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Brady director Elizabeth Bruno sells over $1M in company stock »

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IBTX

Independent Bank

$67.05

(0.00%)

, GBNK

Guaranty Bancorp

$29.95

(0.00%)

14:25
09/25/18
09/25
14:25
09/25/18
14:25
Conference/Events
Guaranty Bancorp to host special shareholder meeting »

Special Shareholder…

IBTX

Independent Bank

$67.05

(0.00%)

GBNK

Guaranty Bancorp

$29.95

(0.00%)

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14:20
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14:20
General news
FOMC began its 2-day meeting and will announce its decision at 14 ET Wednesday »

FOMC began its 2-day…

CRM

Salesforce

$158.62

-0.235 (-0.15%)

, AAPL

Apple

$222.01

1.22 (0.55%)

14:19
09/25/18
09/25
14:19
09/25/18
14:19
Hot Stocks
Salesforce Co-CEO Benioff says 'economy is still ripping' »

Marc Benioff is being…

CRM

Salesforce

$158.62

-0.235 (-0.15%)

AAPL

Apple

$222.01

1.22 (0.55%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
09/25/18
09/25
14:17
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14:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
09/25/18
09/25
14:16
09/25/18
14:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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ATRS

Antares Pharma

$3.47

0.175 (5.31%)

14:10
09/25/18
09/25
14:10
09/25/18
14:10
Options
5-strike call buyers in Antares Pharma and implied volatility spikes »

5-strike call buyers in…

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  • 29

    Sep

FB

Facebook

$165.12

-0.285 (-0.17%)

14:06
09/25/18
09/25
14:06
09/25/18
14:06
Periodicals
Facebook likely to pick Adam Mosseri to head Instagram, The Information says »

Facebook will likely…

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  • 28

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  • 07

    Nov

PAYX

Paychex

$73.06

-1.5 (-2.01%)

, ADP

ADP

$147.62

-1.5 (-1.01%)

14:04
09/25/18
09/25
14:04
09/25/18
14:04
Recommendations
Paychex, ADP, Square analyst commentary  »

New Square payroll app…

PAYX

Paychex

$73.06

-1.5 (-2.01%)

ADP

ADP

$147.62

-1.5 (-1.01%)

SQ

Square

$94.22

8.16 (9.48%)

03/08/13
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NTES

NetEase

$214.55

4.41 (2.10%)

14:00
09/25/18
09/25
14:00
09/25/18
14:00
Upgrade
NetEase rating change  »

Follow-up: NetEase…

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ADP

ADP

$147.41

-1.71 (-1.15%)

13:55
09/25/18
09/25
13:55
09/25/18
13:55
Options
ADP put volume heavy and directionally bearish »

Bearish flow noted in ADP…

03/08/13
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