Why Adobe Stock Soared 45.8% in 2019
Shares of Adobe (NASDAQ: ADBE) climbed 45.8% in 2019, according to data from S&P Global Market Intelligence. That result trounced the S&P 500's 29% gain as the creative software specialist's cloud and subscription services continued to gain steam.
Adobe mustered a more than 30% gain in the first half of last year on the heels of better-than-expected quarterly updates in March and June. In the press release that accompanied the second-quarter report, CEO Shantanu Narayen pointed to an "explosion in creativity across the globe," as well as the company's efforts to build innovative software solutions with more "engaging customer experiences."
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Source Fool.com
