Company Update (NASDAQ:ADBE): Adobe CEO tells Cramer: Our reach is global

[at CNBC] – Jim Cramer speaks to the CEO of Adobe, who shared the unknown story of the company’s major transformation. Read more on this. Adobe Systems Incorporated (ADBE) , valued at $43.83B, started the session at $88.71. Shares have traded today between $87.64 and $89.02 per share with a trailing 52-week range being $71.33 to $96.42. Adobe (ADBE) shares are currently priced at 30.62x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 6.91x earnings multiple for the same period. According to a consensus of 24 analysts, the earnings estimate of $0.61 per share would be $0.17 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.76, which would be a $0.68 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.34 Billion. If realized, that would be a 20.72% increase over the year-ago quarter. In terms of ratings, Dougherty & Company Initiated ADBE at Buy (Jan 14, 2016). Previously, Oppenheimer Initiated ADBE at to Perform. When considering if the stock is under or overvalued, the average price target is $103.83, which is 17.04% above where the stock opened this morning. See more in (NASDAQ:ADBE) Similar Articles: Company Update (NASDAQ:ADBE): Jim Cramer’s Top Takeaways: Adobe, Signet Jewelers, Ventas Market Update: Adobe Systems Inc (NASDAQ:ADBE) – Adobe Systems (ADBE) Stock Price Target Cut at Credit Suisse Company Update (NASDAQ:ADBE): What to Expect When Adobe Systems (ADBE) Reports Earnings Today