Market Update (NASDAQ:ADBE): Adobe Data Science Symposium and Grants Bring Big Ideas to Big Data

[Business Wire] – Demonstrating its commitment to digital marketing innovation, Adobe today announced its fourth Adobe Digital Marketing Research Awards and third annual Data Science Symposium taking place on May 26, 2016 at Adobe San Jose. Read more on this. Adobe Systems Incorporated (ADBE) , with a current market cap of $37.94B, started trading this morning at $74.99. Today’s price range has been between $73.90 and $76.54 per share with a one year range of $71.27 to $96.42. ADBE shares are currently priced at 27.15x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 6.91x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 24 sell-side analysts are looking at $0.61 per share, which would be $0.17 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $2.76 is a $0.68 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.34 Billion. If reported, 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. The average price target for ADBE shares by the analysts covering it is $103.39, which is 37.87% above where the stock opened. See more in (NASDAQ:ADBE) Similar Articles: Market Update: Adobe Systems Inc (NASDAQ:ADBE) – Adobe Systems (ADBE) Stock Price Target Cut at Credit Suisse Market Update (NASDAQ:ADBE): Adobe Systems (ADBE) Stock Swings to Loss, Profit Forecast Misses Estimates Market Update: Adobe Systems Inc (NASDAQ:ADBE) – Adobe Debuts Learning Management System, Captivate Prime