Back to top

Adobe Unveils Major Document Updates, Enhances PDF Experience

Read MoreHide Full Article

Adobe Systems Incorporated (ADBE - Free Report) is firing on all cylinders to enhance presence in the document management system market on the back of its robust tools and software.
 
The company has recently added useful updates to its Adobe Document Cloud, enabling the users to share and edit portable document format (PDF) files seamlessly and securely.

Adobe aims to enrich the PDF user experience with its latest advances in order to gain further traction in this data driven world where e-documentation is of primary importance.

Coming to the price performance, shares of Adobe have returned 55.3% on a year-to-date basis, outperforming the industry’s rally of 28.6%.



New Updates to Drive Growth

The company has introduced central document hub and home view in Acrobat DC which will allow the users of Acrobat DC desktop app, Acrobat Reader mobile app and the new Adobe Document Cloud web app to access the files and documents from one single point.

Further, the new updates will offer cross-platform capabilities which will enable the users of Acrobat Pro DC to edit their documents on tablets with touch sensor of the devices similar to desktops.

Additionally, the combination of Adobe's Sensei, Adobe Scan and Acrobat DC will aid in filling forms and scanning business cards. Further, with the help of modified Adobe Sign, people can electronically sign PDFs in Acrobat DC.

Furthermore, an improvised content review process will help in tracking the activities related to a PDF file such as info on who is sharing the file with how many reviewers. This will ease the collection of feedbacks. Moreover, the new updates will assist in solving the feedbacks within the PDF itself.

All these new useful features are likely to strengthen the company’s product portfolio.

Further, they will attract more users to the company’s platform, thus expanding the adoption rate of Adobe Document Cloud. This will aid the subscription revenues, consequently aiding the company’s top- line.

Market Opportunities

Per a report from MarketsandMarkets, the global document management system market is expected to reach $6.78 billion by 2023 at a CAGR of 11.17% between 2017 and 2023.

Adobe’s latest updates in Acrobat which offers a set of a cloud-based document and collaboration subscription services, supports centralized online file sharing and contract signing solutions, will aid it in reaping benefits from this potential market.

Further, the company’s robust Document Cloud will aid the company to rapidly penetrate the document-centric collaboration software market which as per a report from Technavio, is projected to witness a CAGR of more than 10% between 2017 and 2021.

Notably, all these will help Adobe to fortify its presence in the rapidly growing cloud market in today’s world.

Zacks Rank & Stocks to Consider

Currently, Adobe carries a Zacks Rank #3 (Hold).

Investors interested in the broader technology sector can consider some better-ranked stocks like Salesforce.com (CRM - Free Report) , Aspen Technology (AZPN - Free Report) and ACI Worldwide (ACIW - Free Report) . While Salesforce.com and Aspen Technology sport a Zacks Rank #1 (Strong Buy), ACI Worldwide carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Long-term earnings growth rate for Salesforce.com, Aspen Technology and ACI Worldwide is currently pegged at 25%, 16.52% and 12%, respectively.

Best Electric Car Stock? You'll Never Guess It.

Zacks Research has released a report that may shock many investors. One stock stands out as the best way to invest in the surge to electric cars. And it's not the one you may think!

Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.

See Zacks Best EV Stock Free >>



More from Zacks Analyst Blog

You May Like

Published in