UNDERVALUED ADOBE APPROVES $25 BILLION SHARES BUYBACK
@SPOT_ON:
Adobe Stock (ADBE) Gains after Approving New $25B Share Buyback Program $Adobe(ADBE)$ Adobe authorized a new $25 billion stock repurchase program running through 2030. The company says the plan will return value to shareholders and offset dilution from stock issuances. CFO Dan Durn said the buyback reflects confidence in Adobe’s strong cash flow and long‑term strategy. Adobe has authorized a program, signaling confidence in its long‑term growth and cash flow position. This move is expected to support ADBE stock’s price, which has fallen roughly 30% so far in 2026 due to fears that AI agentic tools might replace traditional design software. Shares of the company gained about 2% in the extended trading session. The program, which extends