Adobe Systems Incorporated (ADBE) Stock | Positive Q4 and Fiscal Year 2015 Financial Results

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Adobe Systems Incorporated (NASDAQ: ADBE)

 

Adobe Systems Incorporated (ADBE), a software company on Thursday reported positive fourth quarter and fiscal year 2015 financial results. Adobe reported record quarterly revenue of $1.31 billion a 22% increase on same quarter 2014. Additionally Adobe reported record revenue for the fiscal year 2015 of $4.80 billion up 16% from 2014.  Adobe’s record numbers can be contributed their strong subscriber growth numbers for its creative cloud package software tools. Adobe reported 833,000 subscribers have signed up during the fourth quarter of 2015, which was 154,800 more than analysts expectations of 678,200.

 

Adobe Systems Incorporated CEO Comments

“Adobe is driving digital experiences that are fundamental to the transformation of every global brand, government and educational institution,” said Shantanu Narayen, president and chief executive officer, Adobe. “Our record revenue and strong momentum are a reflection of our industry-leading content and data solutions in Digital Media and Digital Marketing.”

CFO Comments:

“Strong growth across key financial metrics reflect the amazing performance we’ve achieved in fiscal 2015,” said Mark Garrett, executive vice president and chief financial officer, Adobe. “Our long-term financial targets, including a 20% revenue CAGR through fiscal 2018, show that the benefits of our move to the cloud are just beginning.”  Business Wire

 

ADBE Technical Analysis

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ADBE gapped up in price on Friday to $92.15, up from the prior day’s close of $88.96, which is a 4% increase on the favorable news. Taking a look at the daily chart, we can see the last time ADBE traded at this price level was on December 4th, when it traded at $92.58. Taking a further look back at the daily chart, we can see that ADBE has been on an overall uptrend dating back to August 24th when it traded at lows of $71.33. ADBE is currently trading right at the 52 week high price of $92.88 which was reached only a few days ago. With the positive financial results, I would expect ADBE to break through the 52 week highs. ADBE has a float of 496.79 million shares and was trading right at the normal daily trading volume. ADBE did reach pre market highs of $94.42, but gave back $2.27 at the open, or equivalent to 2%. For trading purposes, my entry point would have been $92.25 looking for a run through $93. My stop loss would have been $92, fearing anything below that and the stock would start to fill in the gap up.

 

About Adobe Systems, Inc. 

Adobe Systems Incorporated is a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. The Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. This segment’s flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products. This segment serves traditional content creators, Web application developers, and digital media professionals, as well as their management in marketing departments and agencies, companies, and publishers. The Digital Marketing segment offers solutions for how digital advertising and marketing are created, managed, executed, measured, and optimized. This segment provides analytics, social marketing, targeting, media optimization, digital experience management, and cross-channel campaign management solutions, as well as video delivery and monetization to digital marketers, advertisers, publishers, merchandisers, Web analysts, chief marketing officers, chief information officers, and chief revenue officers. The Print and Publishing segment offers products and services, such as eLearning solutions, technical document publishing, Web application development, and high-end printing, as well as publishing needs of technical and business, and original equipment manufacturers (OEMs) printing businesses. The company markets and licenses its products and services directly to enterprise customers through its sales force, as well as to end-users through app stores and through its Website at adobe.com. It also distributes certain products and services through a network of distributors, value-added resellers, systems integrators, independent software vendors, retailers, and OEMs. The company was founded in 1982 and is headquartered in San Jose, California.  Yahoo Finance

 

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