Adobe’s shares rise 4% in after-hours trading

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Adobe Inc ($NASDAQ:ADBE). is an American multinational computer software company. Its products are used by creative professionals, marketing and advertising professionals, and businesses of all sizes. Adobe’s shares rose by 4% in after-hours trading on Tuesday, after the company reaffirmed its fourth-quarter estimates and gave its first look at where it sees business headed in 2023. Adobe released its outlook for next year after the close of trading, as part of a meeting with analysts and investors at its Adobe MAX Creativity Conference.

For all of 2023, Adobe said it expects to report earnings, excluding one-time items, of between $15.50 and $15.80 per share, on revenue of between $15.1 billion and $15.3 billion. The company’s strong performance in recent years has been driven by growth in its Creative Cloud business, which offers subscriptions to its popular Creative Suite of products, including Photoshop, Illustrator, and InDesign.

Earnings

Adobe’s shares rose 4% in after-hours trading following the release of the company’s earnings report for fiscal year 2022 Q3. Adobe reported total revenue of 17.2 billion dollars and net income of 4.8 billion dollars for the quarter ending August 31. This represents a year-over-year increase in total revenue of 8.9% and a decrease in net income of 0.0%. Adobe’s total revenue has grown from 12.9 billion dollars to 17.2 billion dollars over the past three years.

Market Price

The report showed that Adobe beat analysts’ expectations for both revenue and earnings per share. The positive earnings report and subsequent share price increase are further evidence of Adobe’s strong performance.

VI Analysis

A company’s fundamentals reflect its long term potential. The VI app makes it easy to analyze a company’s fundamentals. Based on the VI Star Chart, ADOBE INC is strong in growth, profitability, and medium in asset.

However, it is weak in dividend. ADOBE INC is classified as a ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. ADOBE INC has a high health score of 8/10 with regard to its cashflows and debt. This indicates that the company is capable of sustaining future operations in times of crisis. The type of investors who may be interested in such a company are those who are looking for long-term growth potential.

VI Peers

Adobe Inc is a leading software company that offers a range of products, including Creative Cloud, Photoshop, and Acrobat. Its main competitors are Crowd Media Holdings Ltd, Creative Realities Inc, and PT Solusi Sinergi Digital Tbk.

– Crowd Media Holdings Ltd ($ASX:CM8)

Crowd Media Holdings Ltd is a social media and technology company. The company has a market cap of 15.12M as of 2022 and a Return on Equity of -36.63%. The company enables brands and celebrities to connect with their fans and followers through social media. The company also provides technology solutions for social media marketing and management.

– Creative Realities Inc ($NASDAQ:CREX)

Creative Realities, Inc. is a digital customer engagement company that designs, develops, and sells customer engagement solutions in the retail, hospitality, and museums and exhibitions markets worldwide. The company offers a portfolio of customer engagement solutions, including AReality, a cloud-based content management system that provides users with the ability to create, manage, and deliver content to AR/VR devices; and InReality, an AR/VR platform that enables users to create, manage, and deliver AR/VR experiences. It also provides turnkey systems integration services. The company was formerly known as Creative Realities, LLC and changed its name to Creative Realities, Inc. in July 2015. Creative Realities, Inc. was founded in 2010 and is headquartered in New York, New York.

Creative Realities Inc has a market cap of 12.84M as of 2022 and a Return on Equity of 9.18%. The company offers a portfolio of customer engagement solutions, including AReality, a cloud-based content management system that provides users with the ability to create, manage, and deliver content to AR/VR devices; and InReality, an AR/VR platform that enables users to create, manage, and deliver AR/VR experiences. It also provides turnkey systems integration services.

– PT Solusi Sinergi Digital Tbk ($IDX:WIFI)

In 2022, PT Solusi Sinergi Digital Tbk had a market capitalization of 410.06 billion Indonesian rupiah and a return on equity of 23.38%. The company provides digital printing, document management, and other related services in Indonesia.

Summary

If you’re considering investing in ADOBE INC, here are a few things you should know.

First, the company’s share price has been on the rise in recent years, and it has been especially strong in after-hours trading. Second, at the time of this writing, most media coverage of ADOBE INC has been positive. Third, the company has a strong history of financial stability and profitability. In fact, it has been one of the most consistently profitable companies in the tech industry over the past decade. Finally, ADOBE INC has a strong track record of innovation. It has consistently been one of the leading companies in developing new technologies and bringing them to market. All of these factors make ADOBE INC an attractive investment option for many investors.