Bear of the Day: Adobe Systems
by Zacks Equity ResearchJanuary 16, 2013 | Comments : 0 Recommended this article: (0)
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.
Hence, we are downgrading our recommendation on Adobe shares from Neutral to Underperform. Adobe lowered its fiscal 2013 guidance from $4.4 billion to $4.1 billion, considering the faster uptake the of Creative Cloud subscription model.
Also, lower end-market demand will impact earnings in the near term. We believe that this is the result of weak global economic conditions, the unwillingness of the user to spend on the modified Acrobat software, among other things.
Please login to Zacks.com or register to post a comment.