Adobe breaks revenue records on cloud strength

Adobe stock is down $2.25, or 2.5%, at $102.85, in after-hours trading. With consistent top-line growth rate at above 20% combined with strong Creative Cloud momentum, Adobe stock - now at around $105 - should reach $120 in the next twelve months, delivering 15% returns. Advisory Services Network LLC now owns 1,237 shares of the software company's stock valued at $118,000 after buying an additional 147 shares during the last quarter. The stock remained 1.53% volatile for the week and 1.79% for the month. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 1.78 on scale of 1-5. WFG Advisors LP raised its stake in Adobe Systems by 27.3% in the second quarter.

For the year, Adobe's revenue came in at $5.85 billion on earnings of $3.01 per share. The stock has found resistance at its 50-day moving average for the last four trading sessions but has been building a flat base, with a buy point of 111.19, after touching a record high of 111.09 on October 24. Clean Yield Group increased its stake in shares of Adobe Systems by 32.9% in the third quarter. Shantanu Narayen is one of the biggest insider owners in Adobe Systems Incorporated (NASDAQ:ADBE), according to U.S. Securities and Exchange Commission (SEC) filings. Following the sale, the director now owns 34,362 shares of the company's stock, valued at approximately $3,711,096.

The company has a PEG ratio of 1.47. The firm has a SMA 50 (Simple Moving Average) of -0.27% and a SMA 200-(Simple Moving Average) of 6.57%.

Adobe Systems (NASDAQ:ADBE) has insider ownership of 0.43% and institutional ownership of 86.56%.

Total revenue rose 23.1 percent to $1.61 billion, beating estimates of $1.59 billion.

In terms of outlook, Adobe expects fiscal first quarter earnings per share of 87 cents on revenue of about $1.62 billion. Adobe Systems had a return on equity of 15.03% and a net margin of 17.86%.

A current consensus EPS estimate for next quarter is at $0.85 and 3 month ago EPS forecast was $0.85. Zacks Investment Research lowered Adobe Systems from a "buy" rating to a "hold" rating in a research note on Tuesday, November 22nd.

The San Jose-based company reported Q4 EPS of $0.90, which was $0.04 better than the $0.86 that analysts had expected. The rating firm gave a Buy rating to this stock in a research note published on Mar 31, 2016.

Finally, keep in mind that this guidance excludes Adobe's acquisition of TubeMogul, after the close of which Adobe will issue updated fiscal Q1 and full fiscal-year 2017 guidance. The Company offers products and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences.

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