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Adobe (ADBE) Unveils AI-Aided Features to Attract Creators
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Adobe (ADBE - Free Report) integrated advanced AI-powered capabilities into Adobe Express and Creative Cloud to automate and streamline creative users’ work.
With the new AI-enabled features, users can seamlessly use popular Creative Cloud apps like Photo Restoration (beta), Select People and Quick Actions.
ADBE enhanced Photoshop with key features, including Selection Improvements, One-Click Detail and Fill, and iPad Remove. Also, Adobe added Remove Background, Recommended Templates, Front Recommendations and Refine Cutout capabilities to Adobe Express. Features like Masking Selection, Select Objects, Adaptive Presets and Content-Aware Remove were added to Adobe Lightroom.
Adobe introduced Premiere Pro Auto Color, Remix and After Effects Scene Edit Detection capabilities to Adobe Premiere Pro and After Effects, while Adobe Substance 3D AI-Enhanced Materials feature was added to Adobe Substance.
In addition to releasing the aforesaid features, ADBE announced plans to build creator-centric Generative AI offerings by using its Content Authenticity Initiative to ensure transparency of the digital content. The recent move aims to help creative users have control over their style and work.
On the back of these recent initiatives, Adobe thrives to gain momentum among creative users, which in turn, will contribute to Adobe Creative Cloud’s revenues.
Creative Cloud generated revenues of $2.63 billion in the fiscal third quarter 2022, up 11% on a year-over-year basis.
Adobe is consistently bringing innovative capabilities to strengthen the portfolio of Adobe Creative Cloud offerings. The recent efforts are a step in that direction.
This apart, ADBE enhanced Substance 3D Collection with advanced tools like Substance 3D Sampler and Substance 3D Modeler to help brands create immersive gaming and metaverse experiences.
Adobe introduced collaboration tools within Adobe Creative Cloud and Document Cloud to help creators enhance their work across multiple platforms.
We believe that the strength in Adobe Creative Cloud features is constantly aiding ADBE in winning customers and retaining the old ones.
Strength in Digital Media Segment
With advanced functionalities, Adobe Creative Cloud is continuously strengthening Adobe’s Digital Media Segment, which became integral to it.
Apart from Creative Cloud, the growing adoption of Adobe Sign and rising demand for Premiere Pro and Frame.io owing to the growing momentum in video production remain a tailwind.
Also, solid momentum across the Acrobat ecosystem and strength in integrated workflows among Acrobat Desktop, Acrobat Web and Adobe Express are driving the underlined segment.
Adobe expects the Digital Media segment’s revenues to grow 10% in fourth-quarter fiscal 2022 from the year-ago fiscal quarter’s reported figure.
Image: Shutterstock
Adobe (ADBE) Unveils AI-Aided Features to Attract Creators
Adobe (ADBE - Free Report) integrated advanced AI-powered capabilities into Adobe Express and Creative Cloud to automate and streamline creative users’ work.
With the new AI-enabled features, users can seamlessly use popular Creative Cloud apps like Photo Restoration (beta), Select People and Quick Actions.
ADBE enhanced Photoshop with key features, including Selection Improvements, One-Click Detail and Fill, and iPad Remove. Also, Adobe added Remove Background, Recommended Templates, Front Recommendations and Refine Cutout capabilities to Adobe Express. Features like Masking Selection, Select Objects, Adaptive Presets and Content-Aware Remove were added to Adobe Lightroom.
Adobe introduced Premiere Pro Auto Color, Remix and After Effects Scene Edit Detection capabilities to Adobe Premiere Pro and After Effects, while Adobe Substance 3D AI-Enhanced Materials feature was added to Adobe Substance.
In addition to releasing the aforesaid features, ADBE announced plans to build creator-centric Generative AI offerings by using its Content Authenticity Initiative to ensure transparency of the digital content. The recent move aims to help creative users have control over their style and work.
On the back of these recent initiatives, Adobe thrives to gain momentum among creative users, which in turn, will contribute to Adobe Creative Cloud’s revenues.
Creative Cloud generated revenues of $2.63 billion in the fiscal third quarter 2022, up 11% on a year-over-year basis.
Adobe Inc. Price and Consensus
Adobe Inc. price-consensus-chart | Adobe Inc. Quote
Efforts to Boost Adobe Creative Cloud
Adobe is consistently bringing innovative capabilities to strengthen the portfolio of Adobe Creative Cloud offerings. The recent efforts are a step in that direction.
This apart, ADBE enhanced Substance 3D Collection with advanced tools like Substance 3D Sampler and Substance 3D Modeler to help brands create immersive gaming and metaverse experiences.
Adobe introduced collaboration tools within Adobe Creative Cloud and Document Cloud to help creators enhance their work across multiple platforms.
We believe that the strength in Adobe Creative Cloud features is constantly aiding ADBE in winning customers and retaining the old ones.
Strength in Digital Media Segment
With advanced functionalities, Adobe Creative Cloud is continuously strengthening Adobe’s Digital Media Segment, which became integral to it.
Apart from Creative Cloud, the growing adoption of Adobe Sign and rising demand for Premiere Pro and Frame.io owing to the growing momentum in video production remain a tailwind.
Also, solid momentum across the Acrobat ecosystem and strength in integrated workflows among Acrobat Desktop, Acrobat Web and Adobe Express are driving the underlined segment.
Adobe expects the Digital Media segment’s revenues to grow 10% in fourth-quarter fiscal 2022 from the year-ago fiscal quarter’s reported figure.
Zacks Rank & Stocks to Consider
Currently, Adobe carries a Zacks Rank #3 (Hold). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Asure Software (ASUR - Free Report) , Aspen Technology (AZPN - Free Report) and Amdocs (DOX - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Asure Software has lost 14% in the year-to-date period. The long-term earnings growth rate for ASUR is currently projected at 32.8%.
Aspen Technology has returned 62.4% in the year-to-date period. The long-term earnings growth rate for AZPN is currently projected at 18.2%.
Amdocs has gained 8.9% in the year-to-date period. The long-term earnings growth rate for DOX is currently projected at 11.5%.