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. (ADBE) shares, like other technology firms, have been in free fall since the beginning of","collect":0,"end_time":0,"defaultTopTitle":"tipranks.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ADBE":"Adobe"},"translate_title":"Adobe：我们应该担心增长放缓吗？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ADBE":0.9},"content_text":"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 company delivered its fiscal first-quarter financials yesterday, with revenues and earnings exceeding analyst projections. It did, however, issue dismal guidance, which explains the stock’s fall on Wednesday.What do its Q1 Earnings Results Indicate?According to the fiscal first-quarter results, overall sales increased 9.1% year-over-year to $4.26 billion. However, the growth rate slowed from 20% in the prior quarter. 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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