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Adobe Systems Incorporated (ADBE) operates as a diversified software company worldwide.
Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. This segment's flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products. This segment serves traditional content creators, Web application developers, and digital media professionals, as well as their management in marketing departments and agencies, companies, and publishers.
The company's Digital Marketing segment offers solutions for how digital advertising and marketing are created, managed, executed, measured, and optimized. This segment provides analytics, social marketing, targeting, advertising and media optimization, digital experience management, cross-channel campaign management, and audience management solutions, as well as video delivery and monetization to digital marketers, advertisers, publishers, merchandisers, Web analysts, chief marketing officers, chief information officers, and chief revenue officers.
Its Print and Publishing segment offers products and services, such as eLearning solutions, technical document publishing, Web application development, and high-end printing, as well as publishing needs of technical and business, and original equipment manufacturers (OEMs) printing businesses. The company markets and licenses its products and services directly to enterprise customers through its sales force, as well as to end-users through app stores and through its Website at adobe.com.
It also distributes products and services through a network of distributors, value-added resellers, systems integrators, independent software vendors, retailers, and OEMs.
The company reports its quarterly results on Thursday. Ahead of that shares are heading higher in an upward trading channel. The formation is supported by the stock's 50-day moving average. This morning JP Morgan downgraded the stock. JPMorgan analyst Sterling Auty downgraded Adobe to Neutral with an unchanged price target of $185 in conjunction with his 2018 annual outlook for Software Technology. The analyst does not expect the "exceptional performance" in Software during 2017 to repeat in 2018. We expect the weakness to create a better entry point.
52-Weeks Trading Range: $101.91 - $186.27
Enrty Point: $171.00
Stop Loss: $164.45
Targer Price: $188.20
ADBE closed at $189.36
