This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
Zacks Rank Education - Learn more about the Zacks Rank
Zacks Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank
Bear of the Day: Adobe Systems
by Zacks Equity ResearchJanuary 04, 2013 | Comments : 0 Recommended this article: ()
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at firstname.lastname@example.org or call 800-767-3771 ext. 9339.
Adobe lowered its fiscal 2013 guidance from $4.4 billion to $4.1 billion, considering the faster uptake the of Creative Cloud subscription model. We expect near-term revenue to remain under pressure.
The company's expected earnings growth rate over the next 5 years is well below the average for the industry. Hence the downgrade in recommendation. Our $34.00 target price, 26.0X 2014 EPS, reflects this view.