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Adobe Systems Beats Expectations (Again) on Cloud Strength

TheMotleyFool 
0 0 20.09.17
Adobe Systems Beats Expectations (Again) on Cloud StrengthPhoto, wide shot, wide-angle lens, Artificial intelligence developer, sunset photo at golden hour, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/ee32e77c-b7d6-424b-91ea-4023f2292688.png
 
Adobe Systems Beats Expectations (Again) on Cloud Strength

Adobe Systems Incorporated (NASDAQ: ADBE) announced better-than-expected fiscal third-quarter 2017 results on Tuesday after the market closed, punctuated by healthy cash flow and another company revenue record on sustained momentum for its cloud-based subscription products.

But while Adobe also offered encouraging forward guidance -- and keeping in mind shares are up more than 50% so far in 2017 -- Adobe stock is down a modest 3% in after-hours trading as of this writing. Let's zoom in for a closer look at what the creative software company accomplished in its latest quarter and what investors can expect going forward.

IMAGE SOURCE: ADOBE SYSTEMS.

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Source: Fool.com

Adobe Inc. Stock

€229.35
1.660%
There is an upward development for Adobe Inc. compared to yesterday, with an increase of €3.75 (1.660%).
With 35 Buy predictions and 4 Sell predictions Adobe Inc. is one of the favorites of our community.
As a result the target price of 364 € shows a very positive potential of 58.71% compared to the current price of 229.35 € for Adobe Inc..
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