Our stock of the week is not a recommendation to buy or sell, just an interesting company you might want to follow. Please see our disclaimer.
Our stock of the week is Adobe ticker (ADBE). Adobe's home
page is at http://www.Adobe.com.
Get a quote for Adobe at http://quote.yahoo.com/q?s=ADBE&d=v1
Adobe Systems, Inc. is a provider of graphic design, publishing,
and imaging software for Web and print production. The Company
offers a line of application software products for creating, distributing,
and managing information of all types. The Company licenses its
industry-standard technologies to major hardware manufacturers,
software developers, and service providers, and offer integrated
software solutions to businesses of all sizes. Adobe wants to
be the foundation for the shape of things to come. A leader in
desktop publishing software, the company generates nearly 75%
of sales through Web and print publishing products such as Photoshop,
Illustrator, and PageMaker. Its Acrobat Reader -- which uses portable
document format (PDF) -- is popping up all over the Internet as
businesses shift from print to digital communications. Adobe also
markets print technology to manufacturers and has stakes in a
string of complementary technology firms. It has spurred sales
and accelerated product growth through a restructuring effort
and the introduction of its InDesign publishing package -- labeled
a "Quark-killer" by industry observers. Stock is scheduled
to split 2-for-1 on Oct. 25.
If you invest in this stock please use only an amount you are willing to lose as it is risky. Stock is currently MACD up-trend which is good and above it's 50 and 200 day moving average which is good. If you do enter it you should cut your loses at 8% of your original investment which is a stop price of $132.52 at its current price of $145 1/8. Stock is up 6% in the last 3 months, up 48% in the last 6 months and up 147% in the last 12 months and its performed better than stocks in its industry group over the past 3, 6 and 12 months.. Its 52-week high is $170.18 and it's currently trading at 145 1/8 which is 14.7% from its high. Resistance at $150 and support at $130. According to their 10Q there are no legal proceedings against Adobe. Their revenues for the previous 12 months were $1.2 billion with $306 Million in income. One year sales growth of 24% and income growth of 46%. Morningstar.com rates Adobe as a "C" for Growth, "A+" for profitability, "A" for financial health, and a "D" for valuation which is an OK rating but a little overvalued. Barchart.com rates 20% short term sell, 25% Medium term buy and long-term 67% buy which is good. Stock has a 1.73 rating on Yahoo, which is good. VectorVest rates it fair value, very good safety, good timing. for an overall rating of good and they have a buy recommendation on the stock. To do a complete analysis go to http://StockG.com/q.htm. .
A report put out on 10/4/00 stated:
"Adobe Systems (ADBE) 157 1/8 -6 5/16: Tucker Anthny Clry initiates coverage with a BUY rating and price target of $193; saying growth of web content demand puts ADBE at the front of pack; thinks e-product focus should continue to fuel top-line growth; like recently released Illustrator upgrade which is web-enabled and should demonstrate renewed growth for product in fiscal 2001. "
On 9/27/00 a press release:
NEW YORK, Sept 28 (Reuters) - Salomon Smith Barney said analyst Jonathan Rosenzweig started coverage of Web publishing software maker Adobe Systems Inc. (ADBE) on Thursday with a rating of outperform.
-- in report, set 12-month price target of $177.
-- "Adobe sits at the crossroads of several 'New Economy' trends and a revolution in the visual media space.
-- "This includes very strong demand for rich images, dynamic content and multimedia over the Internet, on PCs (personal computers), and via wireless communication to handheld devices.
-- "We believe that these trends will drive sustainable revenue growth of 25 percent, and perhaps even some acceleration, over time."
-- shares up $1-5/16 at $149-5/8.
Risks
It has a high P/E ratio relative to its peers. Stock is overvalued,
and the Nasdaq has been performing poorly. Technology risk if
competing platform takes market share away. Post split, stock
may see a 10% decline which is typical for stocks which have split.
Click below for research link on ADBE:
* Motley Fools at http://quote.fool.com/uberdata.asp?symbols=ADBE
* Money Central at http://moneycentral.msn.com/investor/research/wizards/srwfund.asp?Symbol=ADBE
* Morningstar.com at http://quicktake.morningstar.com/Stocks/StockGrade/_ADBE.html
* Barchart.com at http://quotes.barchart.com/texpert.asp?sym=ADBE&code=1
* SmartMoney.com at http://smartmoney.com/eqsnaps/index.cfm?story=competition&symbol=ADBE&fk=7272
* ClearStation.com at http://www.clearstation.com/cgi-bin/details?Event=peek&Symbol=ADBE&Refer=http://www.clearstation.com/
* Yahoo at http://quote.yahoo.com/q?s=ADBE&d=b
* Second Opinion at http://suretrade.stkwtch.com/Suretrade/Secop/ADBE.asp
* Thomson I-watch at http://iw.thomsoninvest.net/iwatch/cgi-bin/iw_page?ticker=ADBE
* Raging Bull at http://www.ragingbull.altavista.com/mboard/boards.cgi?board=ADBE
* 10Q at http://www.sec.gov/Archives/edgar/data/796343/000091205700032138/a10-q.htm
* Broker Reports at http://www.cnetinvestor.com/reports-single-company.asp?symbol=ADBE
* Momentum report at http://www.cnetinvestor.com/momentum-rating-single-company.asp?symbol=ADBE
* Vector Vest at http://www.vectorvest.com
* Price History YTD:
http://chart.yahoo.com/t?a=12&b=28&c=99&d=10&e=15&f=04&g=d&s=adbe&y=0&z=adbe
* Previous News: http://biz.yahoo.com/n/a/adbe.html
Please note that author doesn't own shares of this stock.
YTD (Year-to-date) Chart