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Investors know there's more to Adobe than the Acrobat Reader

 Jun 09, 2009 03:30 PM UTC
Return Risk
+1.63% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
ADBE Positive 06/09/09 +9.85% 10/02/09

Graphic_arrow1 Via BloggingStocks:  

Filed under: Adobe Systems (ADBE), Stocks to Buy

Investor attitude toward Adobes System's (NASDAQ: ADBE) shares resemble Wall Street's attitude toward crude oil: choppy current demand conditions, but who cares? What counts is what's likely to happen six to nine months out. And for that reason, ADBE is worth a review.

In general, analysts expect Adobe's 2009 revenue to fall roughly 15-20%, on soft Creative Solutions unit sales. Sales of Creative Suite 4 are running about 20% below CS3, primarily due to the recession. In particular, the recession in advertising has sapped any momentum for the first half of F2009.

Continue reading Investors know there's more to Adobe than the Acrobat Reader

Investors know there's more to Adobe than the Acrobat Reader originally appeared on BloggingStocks on Tue, 09 Jun 2009 10:30:00 EST. Please see our terms for use of feeds.

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