Adobe (ADBE) is a well-known brand name that offers its products as a bundle on Adobe Creative Cloud. The company recently came out with its Q3 earnings results, which showed continued strong growth in both the top and bottom lines. Revenues increased 22% year-over-year, while non-GAAP profits per share increased by 21%. Despite these robust results, the stock has taken a hit of over 11% since earnings were released on September 21. Though no concrete reasons can be held responsible for the downfall in the share price, investors definitely were expecting a more prominent beat, especially on the top line.
https://www.tipranks.com/news/article/recent-pullback-in-adobe-could-be-opportunity?utm_source=advfn.com&utm_medium=referral
Adobe (NASDAQ:ADBE)
Historical Stock Chart
From Oct 2021 to Nov 2021 Click Here for more Adobe Charts.
Adobe (NASDAQ:ADBE)
Historical Stock Chart
From Nov 2020 to Nov 2021 Click Here for more Adobe Charts.