Adobe Stock Undervalued, Says Analyst As It Breaks From Cautious Tech Pack, Lifts Guidance
Adobe Inc. ADBE stock fell on Friday, erasing Thursday’s gains from its positive second-quarter earnings report.Adobe reported quarterly revenue of 5.79 billion. The company reported quarterly adjusted earnings of 4.96 per share.Digital Media revenue climbed 11%, and Digital Experience revenue increased by 10%.Also Read: Adobe Q2 Earnings: Revenue Beat, EPS Beat, Raised FY Guidance, Continued Investments In AI Innova ...