Home Adobe Shares Bounce to a New All-Time High After Q4 Beat
News, Stocks

Adobe Shares Bounce to a New All-Time High After Q4 Beat

Siraj Sarwar

Adobe (NASDAQ: ADBE) shares surged to a record level after reporting better than expected results for the fourth quarter. In addition, the company has generated high double-digit growth in full-year revenues. Investors and market pundits are showing confidence in Adobe’s financial performance and business strategies.

This is evident from a sharp rally in Adobe shares in fiscal 2019. Its share price grew more than 3% to an all-time high of $315 after the Q4 earnings beat. The shares are up 35% year to date, extending the three-year rally to 190%. The share price momentum is backed by financial numbers and growth strategies.

Its strong investment potential has also been helping in expanding revenue growth. The company does not offer any dividends. Thus, it is investing entire cash flows in growth opportunities.

Adobe shares

Record Financial Numbers Supports Adobe Shares Gains

Adobe reported fourth-quarter revenue of $2.99 billion, up 21% from the year-ago period. The substantial growth in Digital Media and Digital Experience segment drove fourth-quarter revenue growth. On the other hand, the company’s full-year revenue of $11.17 billion rose 24% from the past year period.

Adobe delivered another year of strong revenue growth and expanding profitability resulting in record earnings,” said John Murphy, executive vice president, and CFO, Adobe. “We are bullish about our opportunities and our ability to continue to deliver strong top- and bottom-line growth.”

Moreover, its fourth quarter and fiscal 2019 earnings grew at a double-digit rate. Consequently, the company reported a record of $4.4 billion in operating cash flow.

Bright Outlook Indicates Further Upside

The company has presented a solid outlook for fiscal 2020. It expects to generate record financial numbers in the coming quarters. It anticipates fiscal 2020 revenue in the range of $13.15 billion, up from $11.17 billion in 2019. The earnings per share are likely to hit a new record level in 2020. Overall, Adobe shares upside momentum are fully backed by its robust financial numbers.

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission on real stocks

Rating

64 traders signed up today

Visit Now

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account

Siraj Sarwar

Siraj Sarwar

Based in Saudi Arabia, Siraj has a strong understanding of and passion for accounting and finance. He has worked for international clients for many years on several projects related to the stock market, equity research and other business, accounting and finance related projects. Siraj is a published financial analyst on the world's leading websites including SeekingAlpha, TheStreet, MSN, and others.