“É o preconceito contra a flexibilização que tem conduzido a salários baixos”

[Alfred E. Neuman]

4 Outubro 2004

[Ertai]

Quando este post foi colocado tinha comentado que era improvável que a Adobe mantivesse as subidas uma vez que tinha batido na grande barreira psicológica dos 50 Dólares..

Hoje abriu acima.. muito bom sinal, mas se voltar a fechar abaixo desse valor, poderá ter de voltar abaixo aos 48 Dólares para "ganhar força", de maneira a testar os 50 Dólares de novo..

Talvez à 3ªseja de vez... mas estou com dúvidas..

Comps

[Alfred E. Neuman]

@ 49,97 em pre market

[Alfred E. Neuman]

Adobe rises after surpassing Q3 target

By Michael Baron, CBS.MarketWatch.com
Last Update: 9:03 AM ET Sept. 21, 2004


SAN FRANCISCO (CBS.MW) - Adobe Systems shares rose in pre-market action early Monday after the software company outpaced its previously raised third-quarter financial goals due to strong demand.

Shares (ADBE: news, chart, profile) were up $2, or 4.2 percent, to $49.75 on Instinet after ending the regular session down 19 cents at $47.95.

The San Jose, Calif.-based software company reported earnings of $104.5 million, or 42 cents a share, on sales of $403.7 million. Excluding nonrecurring charges, Adobe earned 43 cents a share.

During the same quarter last year, Adobe earned $64.5 million, or 27 cents a share, on sales of $319.1 million.

Analysts, on average, had expected the company to earn 39 cents a share on sales of $392 million, excluding one-time charges, according to Thomson First Call.

J.P. Morgan followed by upgrading the stock to "neutral" from "underweight" on the "solid" report. Analyst Sterling Auty said the company's indication of a rich product cycle in 2005 suggests growth rates should exceed expectations of 10 percent.

On Aug. 2, Adobe boosted its financial targets due to strong demand for its Photoshop, Creative Suite and Acrobat software products. At the time, Adobe predicted earnings between 36 and 41 cents a share on sales of $380 million to $400 million.

For the fourth quarter, Adobe predicted earnings between 38 and 41 cents a share and sales between $400 million and $415 million. Analyst had predicted earnings of 37 cents a share and sales of $389 million.

Credit Suisse First Boston called the third-quarter report "solid" but said the performance was actually "less impressive at second glance" due to changes in the company's licensing program that resulted in a one-time $10 million revenue catch-up and a partner payment in Adobe's intelligent document server business that the firm estimates was as high as $5 million.

"Adjusting for these items, the quarter was in line or a bit below estimates," the firm said.

CSFB, which has an "overweight" rating on the stock added that, despite "great" opportunities in the intelligent document business, the tough comparisons Adobe will face over the next 12 months will make it difficult for the stock to outperform its peers.

"Although the company warrants a premium in our view, it appears fairly valued at current levels," it told clients.

SunTrust Robinson Humphrey left its "neutral" rating on the stock intact following the results, saying the higher expectations for the fourth quarter still don't push the stock's valuation to a level that warrants a "buy" rating.

[Alfred E. Neuman]

Adobe rises after surpassing target
Software developer sees earnings jump 62%

By Chris Kraeuter, CBS.MarketWatch.com

Last Update: 5:12 PM ET Sept. 20, 2004


SAN FRANCISCO (CBS.MW) - Adobe Systems shares rose 5 percent in after-hours trading Monday after the software company outpaced its previously raised third-quarter financial goals due to strong demand.


Shares (ADBE: news, chart, profile) were up $1.94 to $49.89 in late trading after ending the regular session down 19 cents at $47.95.

The San Jose, Calif.-based software company reported earnings of $104.5 million, or 42 cents a share, on sales of $403.7 million. Excluding nonrecurring charges, Adobe earned 43 cents a share.

During the same quarter last year, Adobe earned $64.5 million, or 27 cents a share, on sales of $319.1 million.

Analysts, on average, had expected the company to earn 39 cents a share on sales of $392 million, excluding one-time charges, according to Thomson First Call.

On Aug. 2, Adobe boosted its financial targets due to strong demand for its Photoshop, Creative Suite and Acrobat software products. At the time, Adobe predicted earnings between 36 and 41 cents a share on sales of $380 million to $400 million.

For the fourth quarter, Adobe predicted earnings between 38 and 41 cents a share and sales between $400 million and $415 million. Analyst had predicted earnings of 37 cents a share and sales of $389 million

[Alfred E. Neuman]

Adobe slides as KeyBanc drops rating to "hold" (ADBE)
By Michael Baron

NEW YORK (CBS.MW) -- Shares of Adobe Systems (ADBE) fell more than 3 percent to $48.01 in midday action. KeyBanc Capital lowered its rating on the publishing software maker to "hold" from "buy" before the opening bell, citing valuation. The firm noted that the stock has gained 28 percent since the beginning of the year, and said it's currently trading above its peer group. KeyBanc also said Adobe is facing tough year-ago comparisons for the next 12 months. "We expects ADBE's shares to trade withing a tight range over the near- to mid-term," the firm told clients

[Alfred E. Neuman]

Adobe Systems is one of the best software stocks around right now.

The stock broke out the other day in heavy volume when it took out its 52-week high. It popped over that point with ease but the volume is a little disappointing. The stock is a leader no doubt about that. Ask any shareowner how they feel about the current performance in ADBE and they will offer up a smile. Happy shareowners typically means good performance. The stock offers good performance and the numbers provide the evidence.

Clearly the stock is a leader. It broke through the 52-week high the other day. It didn't get there moving straight up. Stocks never do. ADBE did violate its 50- and 200-day moving averages several times this year. The perceived risk in the stock is currently low and that is what is driving the price.

Investors want to own this stock. It enjoys positive money flow yet the volume is not quite where it ought to be to really get excited about its future chances. Right now the stock is up 27 percent this year and only 26 percent in the last 52 weeks. The advance is not mature. The stock can get going. It is way off the five-year high and could take off. It won't get back to the five-year high anytime soon, however. The likely move from my view of the price pattern is a move to the 55 to 57 zone. It currently trades just under 50. The stock is poised to make a move. It could be bought in the 47 to 48 zone. Right now it is slightly extended. It's up over 6 percent in the last five days. It ought to come in a tad and that is a good moment to jump right on it. Use 44.49 and 40.99 to stop the loss.