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    • CreatotCreatot
      ·2022-09-19
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    • CreatotCreatot
      ·2022-09-19

      Adobe plunged almost 17%, value buy or trap?

      @Lionel8383
      Adobe ( $Adobe(ADBE)$) plunged almost 17% on Thursday when it reported its earnings. This was in addition to the market's reaction on its $20 billion deal on acquiring Figma, a collaborative design platform developer, in a half cash, half stock in which Figma's employees would receive 6 million additional Adobe restricted stock units that will vest over four years from closure of the deal.Adobe expects Figma to add to the company's earnings by the third year of the after the deal's completion, and it suggests that Adobe's earnings would see a negative impact for two years.Additionally, Adobe guided their fourth quarterfiscal 2022 revenue to $4.52 billion and EPS of $3.50 per share, while analysts had expected$4.6 billion and $3.47 EPS.In terms of
      Adobe plunged almost 17%, value buy or trap?
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