Zombieville USA 2Developer:Mika Mobile
QR-CodeStarting us off today is Adobe. In brief, Adobe identifies as one of the largest and most diversified software companies worldwide. For the uninitiated, Adobe offers digital design and productivity-focused software solutions among others to customers across the globe. Through its offerings, Adobe serves students, creatives, small businesses, government agencies, and even large corporations. Given the relevance of Adobe’s SaaS model today, some would argue that ADBE stock is worth watching now.
Evidently, investors appear to be keen on the company’s shares this year. ADBE stock is sitting on sizable gains of over 37% year-to-date, outpacing the Nasdaq composite. Furthermore, the company continues to pick up the pace on the financial front as well. In its second fiscal quarter posted back in June, Adobe reported a total revenue of $3.84 billion, indicating a 22% year-over-year increase. Executive VP John Murphy cited strong demand for the company’s Digital Media and Digital Experience offerings as key growth factors. Given all of this, Murphy argues that Adobe is in a position to “deliver another record year”.If all that wasn’t enough, Adobe is also set to acquire Frame.io, a cloud-based video collaboration platform. In essence, Frame streamlines the video production process for customers by enabling collaborative efforts via cloud-first workflows. Safe to say, this acquisition would gel well, in theory, with Adobe’s best-in-class video editing software. All things considered, will you be keeping an eye on ADBE stock this week?
Source: TD Ameritrade TOSRead More