Adobe Systems Incorporated (NASDAQ:ADBE) expected to posts fiscal Q1 results following the market close Tuesday, Wall Street will be expecting for continued progress in the firm’s shift from licensed software to subscription services.
Adobe is changing its business from open sales of its software for original professionals to returning, monthly subscriber fees. The previous quarter, the San Jose, Calif.-based firm declared the transition has been occurring earlier than anticipated, theft near-term results other than improving its long-term view.
Analysts polled by Thomson Reuters anticipate Adobe to generate 31 cents per share excluding items, on sales of $986M. If it convenes those targets, EPS and sales will drop 46 percent and 6 percent, respectively, year over year.
Shares of Adobe Systems Incorporated (NASDAQ:ADBE) traded at $41.06 by plunging -0.77% with price volatility of 1.53% for a week and 1.73% for a month plus price volatility’s Average True Range for 14 days was 0.70 and its beta stands at 1.49 times.
Stocks after opening at $41.06 hit high price of $41.06 and on last session stock held volume of 3.31 million shares which was unexpectedly higher than its average volume of 3.21 million shares.
Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 3.41 as current ratio and on the opponent side the debt to equity ratio was 0.23 and long-term debt to equity ratio also remained 0.22. The Company had total cash at hand $3.54 billion and a book value per share as $13.49 in the most recent quarter.
While investors who viewing ADBE against other stocks with the reference of profit margin that are Microsoft Corporation (NASDAQ:MSFT) having profit margin 21.20%, Oracle Corporation (NASDAQ:ORCL) with 28.37% profit margin, Cadence Design Systems Inc (NASDAQ:CDNS)) having 33.17% profit margin and Nuance Communications Inc. (NASDAQ:NUAN) having profit margin of 10.02%.
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