The Traderszone Network

Published in TZ Latest News 5 October, 2016 by The TZ Newswire Staff

Adobe Systems Inc. Stock: A Bargain Despite Recent Gains

Ahead of fiscal 2016 third-quarter earnings announced on Sept. 20, Adobe (NASDAQ: ADBE) stock was sitting at $99.68 a share, well below consensus analyst estimates of $125 a share at the time. After the company reported another blowout quarter, by the close of Oct. 3 trading, Adobe shareholders were enjoying a gain of nearly 9%, with the stock closing Oct. 3 at $108.45.

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