Last $64.40 USD
Change Today -0.12 / -0.19%
Volume 3.2M
ADBE On Other Exchanges
Symbol
Exchange
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As of 2:59 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

adobe systems inc (ADBE) Snapshot

Open
$64.25
Previous Close
$64.52
Day High
$64.73
Day Low
$63.70
52 Week High
06/18/14 - $74.69
52 Week Low
10/23/13 - $52.16
Market Cap
32.1B
Average Volume 10 Days
4.7M
EPS TTM
$0.48
Shares Outstanding
498.7M
EX-Date
04/12/05
P/E TM
134.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for ADOBE SYSTEMS INC (ADBE)

adobe systems inc (ADBE) Details

Adobe Systems Incorporated operates as 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 businesses, and enterprises to create, publish, promote, and monetize their digital content anywhere. This segment’s flagship product is Adobe Creative Cloud, a subscription service that allows customers to download and install the latest version 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 provides solutions and services for how digital advertising and marketing are created, managed, executed, measured, and optimized. This segment also offers analytics, social, targeting, media optimization, Web experience management, and cross-channel campaign management solutions to digital marketers, advertisers, publishers, merchandisers, Web analysts, chief marketing officers, chief information officers, and chief revenue officers. The Print and Publishing segment provides products and services that address diverse market opportunities, including 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 distributes its products through a network of distributors, value-added resellers, systems integrators, independent software vendors, retailers, and OEMs. It also markets and licenses its products and services directly to enterprise customers through its sales force, to end-users through app stores, and through its Website at adobe.com. Adobe Systems Incorporated was founded in 1982 and is headquartered in San Jose, California.

11,847 Employees
Last Reported Date: 01/21/14
Founded in 1982

adobe systems inc (ADBE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $941.7K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $616.7K
Executive Vice President of Worldwide Field O...
Total Annual Compensation: $587.5K
Senior Vice President and General Manager of ...
Total Annual Compensation: $516.7K
Senior Vice President and General Manager of ...
Total Annual Compensation: $491.7K
Compensation as of Fiscal Year 2013.

adobe systems inc (ADBE) Key Developments

Tech Workers Rejects $324 Million Settlement with Apple, Google, Intel and Adobe

Employees suing Apple, Google and two other tech companies over hiring practices said an appeals court should not approve a $324.5 million settlement in the case. Plaintiff workers accused Apple, Google, Intel and Adobe in a 2011 lawsuit of conspiring to avoid poaching each other's employees. The companies agreed to a $324.5 million settlement earlier 2014. U.S district judge Lucy Koh in California then rejected the proposed class action settlement, saying the amount was too low. In the filing on October 14, the workers said although they believed the $324.5 million deal originally warranted approval, the judge had the proper authority to reject it and they would defer to [Koh's] sound judgment about how best to oversee this litigation. Tech employees alleged the conspiracy limited their job mobility and, as a result, kept a lid on salaries. The case has been closely watched because of the possibility of big damages being awarded and for the opportunity of a glimpse into the world of some of the US's elite tech firms. Plaintiffs based their allegations of conspiracy largely on e-mails circulated among Apple's late co-founder Steve Jobs, former Google CEO Eric Schmidt, and some of their rivals. In rejecting the proposed settlement, Koh repeatedly referred to a related deal last year involving Disney and Intuit. Apple and Google workers got proportionally less in the latest agreement compared with the one involving Disney. In the filing on October 14, the plaintiffs argued that the $324.5 million deal ‘ceased to exist’ the moment Koh rejected it, by virtue of the settlement terms negotiated by both sides.

Adobe Releases Powerful New EchoSign Electronic Signature Capabilities for Salesforce Customers

Adobe announced the latest version of EchoSign for Salesforce, bringing more e-signature and document workflow automation capabilities to Salesforce customers and Salesforce1 Mobile app users. As the highest-rated e-signature app on Salesforce's AppExchange since 2006, Adobe EchoSign boosts sales productivity, improves legal compliance, and can be deployed in minutes. As the number of mobile devices worldwide expands to more than 7 billion, businesses must find secure and effective ways to empower an increasingly mobile-dependent workforce and client base. Starting on October 8, 2014, EchoSign customers who use the new Adobe EchoSign for Salesforce app will benefit from a tighter integration with Salesforce1 for seamless mobile e-signing, added document management, and business process capabilities.

Adobe Systems Mulls Acquisitions

Adobe Systems Inc. (NasdaqGS:ADBE) may look at acquisition opportunities. Brad Rencher Senior Vice President and General Manager Digital Media of the company said: “I think, back to the marchitecture that I showed you, we feel really good about our offering right now. The broadest, most integrated -- all those things. But from an M&A standpoint we see a lot of interesting adjacencies, probably more tuck-in type acquisitions. You guys know this as well as we do. There's probably very few standalone large transactions that make sense in marketing. But we continue to be super active in the buy/build partner funnel.”

 

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Industry Analysis

ADBE

Industry Average

Valuation ADBE Industry Range
Price/Earnings 100.0x
Price/Sales 7.6x
Price/Book 4.7x
Price/Cash Flow 104.7x
TEV/Sales 6.4x
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