报告公司投资评级 公司维持"增持"评级。[8] 报告的核心观点 公司业绩超预期 2024Q2，公司总营收达53.09亿美元，同比+10.2%；调整后利润为24.41亿美元，同比+12.0%；经调整归母净利润为20.23亿美元，同比+12.8%。[1][2][3] 各业务板块表现良好 1. 创意云业务：Firefly 3推出加快AI布局，自定义模型全面上市。创意云二季度ARR净增长3.22亿美元，同比-9.0%。[4][5] 2. 文档云业务：AI Assistant盈利效果显著，用户订阅需求增长。文档云二季度ARR净增长1.65亿美元，同比+42.2%。[6] 3. 体验云业务：AEP提升订阅收益，GenStudio提升供应链能力。[7] 未来发展前景良好 预计公司2024-2026年营收分别为215.2/239.9/265.9亿美元，同比增长10.9%/11.5%/10.9%；经调整归母净利润分别为81.6/92.0/105.4亿美元，同比增长10.6%/12.8%/14.5%。[8][9] 财务指标总结 - 2024年营业收入预计为215.2亿美元，同比增长10.9% - 2024年经调整归母净利润预计为81.6亿美元，同比增长10.6% - 2024年毛利率预计为88.5%，ROE预计为44% - 2024年每股收益预计为18.14美元，市盈率为28.5倍[11]

The U.S. Department of Justice has filed a lawsuit against Adobe alleging that the company deceives consumers by hiding the early-termination fee and making it difficult for people to cancel their subscriptions.In the complaint filed on Monday, the DOJ wrote that “Adobe has harmed consumers by enrolling them in its default, most lucrative subscription plan without clearly disclosing important plan terms.” The government says Adobe pushed consumers toward the “annual paid monthly” subscription without infor ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

The US government on Monday sued Adobe, accusing the maker of Photoshop and Acrobat of harming consumers by enrolling them in its most lucrative subscription plans without clearly disclosing important terms.In a complaint filed in the San Jose, Calif., federal court, the Federal Trade Commission said Adobe failed to adequately disclose hefty early termination fees, sometimes reaching hundreds of dollars, when customers sign up for “annual, paid monthly” subscription plans.The government said Adobe hides imp ...

Have you evaluated the performance of Adobe Systems' (ADBE) international operations for the quarter ending May 2024? Given the extensive global presence of this software maker, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now place great im ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Adobe. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

SaaS stocks to buy remain timeless picks for savvy investors. As the business world pivots from on-premise solutions to cloud-based services, the allure of SaaS stocks is undeniable. However, while the SaaS sector continues to grow at a heartening pace, it’s also fiercely competitive. Many have tried and failed to solidify their positioning in the software space, making it imperative to back the right companies to capitalize on the burgeoning trend. That said, the article discussed three of the top SaaS sto ...

David Tran Introduction & Investment Thesis Adobe (NASDAQ:ADBE) drives creativity, productivity, and digital experiences through its Creative Cloud, Document Cloud, and Experience Cloud offerings. The company has underperformed the indices YTD, although jumping 14.5% after its latest Q2 FY24 earnings, where it grew its revenue and earnings by 11% and 11.9% YoY, respectively, beating estimates. While investor sentiment was subdued before the earnings call, its Q2 report showcased strength across its solu ...

David Tran Breaking Down Adobe's Q2 FY2024 Report Considering Adobe's (NASDAQ:ADBE) (NEOE:ADBE:CA) post-ER pop of ~14.5% to ~$525 per share, it is natural to assume that the software giant just delivered a blowout quarter. Now, while Adobe beat consensus street estimates and raised guidance for FY2024 [with Narayen & Co. highlighting their GenAI opportunity], Adobe's revenue beat was wafer-thin, and updated guidance came more or less in line with consensus estimates heading into the Q2 print. Seeking ...

Once threatened by the advancements in artificial intelligence (AI), shares of Adobe Inc. NASDAQ: ADBE  are now having their best day in over four years, all because of AI. The stock is now rallying by over 15% on the company’s most recent quarterly earnings results, primarily driven by some trends that have driven the technology sector higher this year.Adobe TodayADBEAdobe$525.31 +66.57 (+14.51%) 52-Week Range$433.97▼$638.25P/E Ratio47.20Price Target$605.17Add to WatchlistAnalysts were surprised that one o ...