Adobe (ADBE) Offering Possible 36.99% Return Over the Next 9 Calendar Days

Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $272.50 short put and a strike $267.50 long put offers a potential 36.99% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $272.50 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock dropped below the $267.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Adobe is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Adobe is bullish.

The RSI indicator is at 47.59 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


Adobe Gives Rosy Forecast Signaling Creative Software Growth
Mon, 04 Nov 2019 23:02:28 +0000
(Bloomberg) — Adobe Inc. gave an upbeat recurring revenue forecast for fiscal 2020 that reassured investors the software maker will see steady demand for its creative applications.A measure of fresh demand for the company’s creative and document software, net new annual recurring revenue for digital media, will be $1.55 billion next fiscal year, the San Jose, California-based company said Monday at a financial analyst meeting. Analysts projected $1.53 billion, according to data compiled by Bloomberg. Wall Street is paying close attention to the metric amid slowing revenue growth overall.Adobe unveiled new software products Monday at the company’s annual Max conference in Los Angeles, including versions of Illustrator and Photoshop apps for Apple Inc.’s IPad. While many of the applications cater to creative professionals seeking more sophisticated capabilities, Adobe also is trying to expand the appeal of its photo-editing and illustration software to hobbyists. The strategy may boost sales growth for the Creative Cloud unit. Adobe projected in September that sales growth for its smaller marketing software unit would slow down in the current period, raising pressure on the main creative business.Profit will be $9.75 a share in fiscal 2020, Adobe said, compared with analysts’ estimates of $9.69. Revenue will be $13.15 billion, the company said. Analysts, on average, projected $13.14 billion.The company expects revenue from its Creative Cloud and Document Cloud suites to jointly grow 19% in fiscal 2020, while its marketing software suite will grow 16%.“Our expanding universe of customers, strong global brand, market-leading products and continued innovation position us for a stellar 2020,” Chief Executive Officer Shantanu Narayen said in a statement.The software maker estimated that the total market for its products will grow to about $128 billion in 2022 from $108 billion a year ago. Most of that, $84 billion, represents marketing and customer experience software. The creative software industry would be worth $31 billion and the company’s Document Cloud would be part of a $13 billion market.Adobe, founded in 1982, is among the best-performing software companies in the decade, with its stock increasing almost ninefold since the beginning of 2012. Shares jumped about 5% in extended trading following the release of the fiscal 2020 projections. The stock closed earlier at $277.50 in New York.(Updates with market figures in the seventh paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at©2019 Bloomberg L.P.

Adobe stock rallies after 2020 outlook
Mon, 04 Nov 2019 22:40:00 +0000
Adobe Inc. shares rallied in the extended session Monday after the software company's forecast topped Wall Street estimates. Adobe shares rose 4.9% after hours, following a 0.1% decline to close the regular session at $277.50. The company forecast adjusted fiscal 2020 earnings of about $9.75 a share on revenue of about $13.15 billion. Analysts surveyed by FactSet had forecast $9.70 a share on revenue of $13.14 billion. Adobe said it still expects adjusted fourth-quarter earnings of about $2.25 a share on revenue of about $2.97 billion. Analysts expect $2.26 a share on revenue of $2.97 billion.

Adobe Stock Is Rising on Better-Than-Expected Guidance
Mon, 04 Nov 2019 22:01:00 +0000
The company provided guidance for its fiscal 2020 of $13.15 billion in sales and $9.75 of adjusted earnings per share, compared with the Wall Street average analyst estimates of $13.14 billion and $9.70, respectively.

TikTok’s New Tools Seek to Deepen Ties With U.S. App Developers
Mon, 04 Nov 2019 21:19:23 +0000
(Bloomberg) — TikTok, the music-video-sharing mobile app owned by China’s ByteDance Inc., unveiled new tools to let third-party developers integrate their content onto its platform, seeking to deepen ties in the U.S. even as it faces growing scrutiny from lawmakers over data security.The new features will let TikTok users edit videos in other apps, such as Adobe Inc.’s Premiere Rush, and publish them directly on TikTok, helping users create new original content. In addition to Adobe, TikTok is also teaming up with augmented-reality company, photo- and video-editing program PicsArt, image-animating app Plotaverse and other outside app developers. TikTok, known for light-hearted, buzzy short videos, is one of the few Chinese internet companies to catch on in the U.S. Integration with third-party services can help apps expand into new audiences, and it’s a strategy that was used aggressively by social media companies like Facebook Inc. and Twitter Inc. in their earlier years. But such integrations have also posed a threat to user privacy, primarily because users who agree to post from one app to another often share much more information than they realize.This kind of data sharing is at the root of almost all of Facebook’s privacy issues that have surfaced over the past two years. Facebook had many information-sharing relationships with third-party developers, and some of them, like the researcher who sold user data to Cambridge Analytica, took advantage of the partnership to collect massive amounts of data from Facebook users without their knowledge. Facebook has since tried to clean up those partnerships, and announced in September that it had severed ties with tens of thousands of third-party apps that were using its software. TikTok has been downloaded more than 110 million times in the U.S., and has been growing more popular among U.S. teens at a time when tensions have escalated between the U.S. and China over trade and technology. TikTok’s burgeoning popularity has made it a fresh rival to Facebook and Instagram, and has also drawn the attention of U.S. senators who see it as a potential threat.Last week, the U.S. government opened a national security review of TikTok, according to a person familiar with the investigation. Beijing-based ByteDance bought two years ago for almost $1 billion to merge it with TikTok. The deal was seen as a way for the Chinese company to expand abroad and capitalize on an increasing appetite for short video. The Committee on Foreign Investment in the U.S., also known as CFIUS, which reviews deals by foreign acquirers for potential national security risks, has begun to review the purchase amid increasing concern about TikTok’s expanding influence.The companies included in TikTok’s new program are likely to get a boost from the integration. For a small developer like Plotaverse, a partnership with TikTok could have a sizable impact on visibility and growth. It will also allow the app developer to access the growing Chinese market, Plotaverse said in a statement.\–With assistance from Kurt Wagner.To contact the author of this story: Candy Cheng in San Francisco at ccheng86@bloomberg.netTo contact the editor responsible for this story: Jillian Ward at, Alistair BarrFor more articles like this, please visit us at©2019 Bloomberg L.P.

Adobe Leadership in Creativity, Digital Documents and Customer Experience Management Categories Drives Next Era of Growth
Mon, 04 Nov 2019 21:05:00 +0000
Company Raises Q4 FY2019 Digital Media Net New ARR Target

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