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ADBE

Adobe

$238.65

0.55 (0.23%)

07:18
10/12/18
10/12
07:18
10/12/18
07:18

Adobe's FY19 guidance may top consensus, says RBC Capital

RBC Capital analyst Ross MacMillan kept his Outperform rating and $288 price target on Adobe ahead of its Investor Day, saying there is potential for the company to initiate FY19 guidance that would be higher than consensus, ex-Marketo deal. The analyst notes that earnings and revenue growth expectations of over 20% are possible, though he also sees the impact from adoption of ASC606 and the potential for a lower tax rate as key.

ADBE Adobe
$238.65

0.55 (0.23%)

09/27/18
JMPS
09/27/18
NO CHANGE
JMPS
JMP says battle lines drawn with Salesforce on one side, Microsoft on other
After attending Salesforce's (CRM) analyst day hosted in conjunction with the Dreamforce user conference, Patrick Walravens noted that the event "happens to coincide" with Microsoft's (MSFT) Ignite conference in Orlando. He said the most interesting new development in the competitive landscape is the way the "battle lines are being drawn" between Salesforce, Google (GOOGL) and Amazon (AMZN), which announced new strategic relationships this week, and Microsoft, SAP (SAP) and Adobe (ADBE), who announced the Open Data Initiative on September 24, on the other side. In terms of product highlights from Dreamforce, Chief Product Officer Bret Taylor highlighted Customer 360 and Einstein Voice, said Walravens, who keeps an Outperform rating and $178 price target on Salesforce shares.
10/10/18
FBCO
10/10/18
NO CHANGE
Target $300
FBCO
Outperform
User conference should reinforce Adobe's positioning, says Credit Suisse
Credit Suisse analyst Brad Zelnick anticipates Adobe's user conference and accompanying analyst day next week will reinforce Adobe's positioning as a best-of-breed digital creative, experience and marketing vendor. The analyst expects management to elaborate on Adobe's product and go-to market strategy surrounding Experience Cloud given the recent acquisitions of Magento and Marketo. Zelnick estimates Marketo is likely to be neutral to FY19 NG EPS, as he believes there will be minimal DR write-down given the invoicing mix. Adobe should also provide preliminary financial guidance for FY19 total revenue, segment revenue, EPS, and Digital Media ARR, he contends. The analyst reiterates an Outperform rating and $300 price target on the shares.
10/11/18
JPMS
10/11/18
NO CHANGE
JPMS
JPMorgan lists stand outs in Software Technology following recent selloff
The recent pullback in Software Technology stocks has not discriminated in terms of valuation, JPMorgan analyst Sterling Auty tells investors in a research note titled "Our Expected Pullback Finally Arrives." The analyst says he's seen similar selloffs in both his highest valuation stocks and even his lowest. Auty recommends "only nibbling" here and waiting for the next three to five trading sessions to see if it posts any big down days like we saw yesterday "to flush out any remaining volatility." Investors should not try to bottom pick stocks, but rather average into positions to smooth out some of the volatility, the analyst recommends. He views Adobe (ADBE), Ansys (ANSS), Aspen Technology (AZPN), DocuSign (DOCU), Guidewire (GWRE), Intuit (INTU), ServiceNow (NOW), Q2 Holdings (QTWO), Palo Alto Networks (PANW), VeriSign (VRSN) and Veeva (VEEV) as stand outs in Software Technology following the recent pullback.
10/11/18
BMOC
10/11/18
NO CHANGE
Target $295
BMOC
Outperform
Adobe's Creative Cloud market to grow 17% per year, says BMO Capital
BMO Capital analyst Keith Bachman kept his Outperform rating and $295 price target on Adobe after his "bottom-up" analysis of the total addressable market of its Creative Cloud business. The analyst sees annualized market growth of 17% through 2021, driven by the expansion of enterprise and consumer users as well as the increase in the average revenue per user. Bachman also projects a 22% annualized revenue growth for Adobe's Creative Cloud in 2019 while anticipating a "durable" high-teen growth rate in the following two years, which he expects to further support the stock.

TODAY'S FREE FLY STORIES

NFLX

Netflix

$346.40

13.29 (3.99%)

18:38
10/16/18
10/16
18:38
10/16/18
18:38
Hot Stocks
Netflix says it has a 'long, long runway' in India »

Chief Product Officer…

03/08/13
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  • 16

    Oct

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CBL

CBL & Associates

$3.52

0.085 (2.48%)

, SHLD

Sears

$0.40

0.09 (29.03%)

18:33
10/16/18
10/16
18:33
10/16/18
18:33
Hot Stocks
CBL Properties updates on redevelopment plan for Sears stores »

CBL Properties (CBL)…

CBL

CBL & Associates

$3.52

0.085 (2.48%)

SHLD

Sears

$0.40

0.09 (29.03%)

03/08/13
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  • 30

    Oct

VZ

Verizon

$53.68

0.08 (0.15%)

18:26
10/16/18
10/16
18:26
10/16/18
18:26
Hot Stocks
Verizon says Bay, Gulf counties customers to be credited 3 months of service »

Verizon said that it is…

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  • 12

    Nov

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BMO

Bank of Montreal

$80.19

0.93 (1.17%)

18:09
10/16/18
10/16
18:09
10/16/18
18:09
Periodicals
Bank of Montreal names Wolford investment banking vice chair, Reuters says »

Bank of Montreal has…

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  • 24

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SFTBF

SoftBank

$0.00

(0.00%)

18:02
10/16/18
10/16
18:02
10/16/18
18:02
Periodicals
SoftBank COO says 'anxiously' looking at Saudi Arabia situation, Reuters says »

SoftBank COO Marcelo…

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  • 16

    Oct

IBM

IBM

$145.02

3.9 (2.76%)

18:01
10/16/18
10/16
18:01
10/16/18
18:01
Hot Stocks
IBM sees growth in cloud overall »

Says incremental cash…

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  • 16

    Oct

  • 21

    Oct

  • 22

    Oct

  • 03

    Mar

CELC

Celcuity

$26.90

0.4 (1.51%)

, PBYI

Puma Biotechnology

$42.22

1.17 (2.85%)

17:57
10/16/18
10/16
17:57
10/16/18
17:57
Hot Stocks
Celcuity, Puma Biotechnology and West Cancer Center to conduct Phase 2 trial »

Celcuity (CELC) announced…

CELC

Celcuity

$26.90

0.4 (1.51%)

PBYI

Puma Biotechnology

$42.22

1.17 (2.85%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 19

    Oct

  • 15

    Nov

DVN

Devon Energy

$37.08

0.98 (2.71%)

17:51
10/16/18
10/16
17:51
10/16/18
17:51
Recommendations
Devon Energy analyst commentary  »

Devon Energy price target…

03/08/13
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VIA

Viacom

$36.07

1.11 (3.18%)

, VIAB

Viacom

$32.83

1.05 (3.30%)

17:51
10/16/18
10/16
17:51
10/16/18
17:51
Periodicals
Viacom launches Nickelodeon Chinese Animation Development Project, Variety says »

According to Variety,…

VIA

Viacom

$36.07

1.11 (3.18%)

VIAB

Viacom

$32.83

1.05 (3.30%)

IQ

iQIYI

$25.91

-0.19 (-0.73%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 16

    Oct

BHP

BHP Billiton

$48.48

0.38 (0.79%)

17:38
10/16/18
10/16
17:38
10/16/18
17:38
Hot Stocks
BHP Billiton reports Q1 iron ore output 61.4M tons, up 10% from last year »

FY19 guidance for iron…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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UBER

Uber

$0.00

(0.00%)

17:37
10/16/18
10/16
17:37
10/16/18
17:37
Periodicals
Uber increases junk-bond offering to $2B, Bloomberg says »

Uber has boosted the size…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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IBM

IBM

$145.02

3.9 (2.76%)

17:32
10/16/18
10/16
17:32
10/16/18
17:32
Hot Stocks
IBM says growth was led by hybrid cloud, analytics and AI, digital and security »

Says remains on track…

03/08/13
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03/06/13
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  • 16

    Oct

  • 21

    Oct

  • 22

    Oct

  • 03

    Mar

NDAQ

Nasdaq

$81.93

1.91 (2.39%)

, ICE

IntercontinentalExchange

$74.95

2.18 (3.00%)

17:31
10/16/18
10/16
17:31
10/16/18
17:31
Hot Stocks
SEC confirms ruling that Nasdaq, NYSE didn't justify rate increases »

Securities and Exchange…

NDAQ

Nasdaq

$81.93

1.91 (2.39%)

ICE

IntercontinentalExchange

$74.95

2.18 (3.00%)

03/08/13
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03/06/13
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03/06/13
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  • 24

    Oct

IAU

iShares Gold Trust

$11.74

-0.005 (-0.04%)

17:28
10/16/18
10/16
17:28
10/16/18
17:28
Syndicate
Breaking Syndicate news story on iShares Gold Trust »

iShares Gold Trust files…

03/08/13
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VICR

Vicor Corporation

$38.35

1.42 (3.85%)

17:26
10/16/18
10/16
17:26
10/16/18
17:26
Earnings
Vicor Corporation reports Q3 EPS 32c vs. 0c in Q317 »

Revenues for the third…

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  • 18

    Oct

17:25
10/16/18
10/16
17:25
10/16/18
17:25
Conference/Events
Stephens restaurants analyst to hold a dinner meeting »

Restaurants Analyst…

VTVT

vTv Therapeutics

$2.88

-0.08 (-2.70%)

17:22
10/16/18
10/16
17:22
10/16/18
17:22
Hot Stocks
vTv Therapeutics jumps 22% after announcing presentations for CTAD conference »

vTv Therapeutics…

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HCSG

Healthcare Services

$40.69

1.07 (2.70%)

17:19
10/16/18
10/16
17:19
10/16/18
17:19
Earnings
Healthcare Services reports Q3 EPS 35c, consensus 37c »

Reports Q3 revenue…

03/08/13
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GD

General Dynamics

$194.75

2.06 (1.07%)

17:19
10/16/18
10/16
17:19
10/16/18
17:19
Hot Stocks
General Dynamics awarded $136.75M Navy procurement contract »

General Dynamics National…

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  • 24

    Oct

BA

Boeing

$368.10

9.29 (2.59%)

17:13
10/16/18
10/16
17:13
10/16/18
17:13
Hot Stocks
Boeing awarded $137M Navy contract modification for maintenance »

Boeing was awarded $137M…

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  • 16

    Oct

  • 24

    Oct

ROKU

Roku

$63.67

1.97 (3.19%)

17:11
10/16/18
10/16
17:11
10/16/18
17:11
Hot Stocks
Roku to resume sales of its devices in Mexico »

Roku announced that the…

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  • 13

    Nov

TSLA

Tesla

$276.46

16.88 (6.50%)

, GM

General Motors

$32.34

0.23 (0.72%)

17:11
10/16/18
10/16
17:11
10/16/18
17:11
Periodicals
U.S. Senate bill may give EV makers tax credit boost, Reuters says »

Tesla (TSLA) and General…

TSLA

Tesla

$276.46

16.88 (6.50%)

GM

General Motors

$32.34

0.23 (0.72%)

03/08/13
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03/08/13
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03/06/13
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  • 29

    Oct

  • 31

    Oct

  • 13

    Nov

  • 13

    Dec

BFIN

BankFinancial

$14.44

-0.06 (-0.41%)

17:07
10/16/18
10/16
17:07
10/16/18
17:07
Hot Stocks
BankFinancial expands share repurchase program by 180K shares »

BankFinancial announced…

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SBH

Sally Beauty

$18.91

0.42 (2.27%)

17:03
10/16/18
10/16
17:03
10/16/18
17:03
Hot Stocks
Sally Beauty says Q4 Sally Beauty segment SSS improved to flat »

Sally Beauty provided…

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TGT

Target

$85.81

1.22 (1.44%)

17:03
10/16/18
10/16
17:03
10/16/18
17:03
Hot Stocks
Target updates toy experience for the holidays »

Target unveiled its plans…

03/08/13
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  • 28

    Oct

  • 03

    Mar

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