Adobe: Should We Worry about the Slowing Growth?

TipRanks2022-03-24

Adobe Inc. (ADBE) shares, like other technology firms, have been in free fall since the beginning of 2022. The stock has lost almost 17% of its value year-to-date, and 26% over the past six months.The...

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Comments

BlueDaisy
2022-03-24
BlueDaisy
Buy the dip.
Btyc
2022-03-24
Btyc
Pls like
MauChin
2022-03-24
MauChin
Wait for the it to get cheaper
Bull1973
2022-03-24
Bull1973
Hi
CL777
2022-03-24
CL777
Of course not
sega
2022-03-24
sega
👍

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(ADBE) shares, like other technology firms, have been in free fall since the beginning of 2022. The stock has lost almost 17% of its value year-to-date, and 26% over the past six months.The...</p>\n\n<a href=\"https://www.tipranks.com/news/article/adobe-should-we-worry-about-the-slowing-growth/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ADBE","symbol_name":"Adobe","start_time":0,"source_url":"https://www.tipranks.com/news/article/adobe-should-we-worry-about-the-slowing-growth/","article_id":"1110796267","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1606183248679","url":"https://www.tipranks.com/news/article/adobe-should-we-worry-about-the-slowing-growth/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1110796267","pubTimestamp":1648092031,"sourceInfo":{"source_id":"lsy1606183248679","name":"TipRanks"},"weMediaInfo":null,"summary":"Adobe Inc. 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Segment-wise, the revenue growth slowed in Digital Media as well as Digital Experience to 9% and 13% year-over-year, respectively.Meanwhile, Non-GAAP earnings of $3.37 per share climbed only 7.3% year-over-year in fiscal Q1 versus 14% in fiscal Q4.Despite the fact that Adobe posted decent quarterly results, investors were disappointed by the company’s lackluster outlook. The business expects net revenues of $4.34 billion and adjusted earnings of $3.30 per share in the fiscal second quarter, which were lower than consensus estimates of $4.41 billion and $3.35 per share, respectively.The findings show that, while Adobe’s cloud and data products are in high demand, the company is facing increasing competition from its peers. 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