Adobeの空売り状況は、投資家がAdobeの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Adobe (NASDAQ:ADBE) 株価情報, 空売り情報

Adobe

Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).

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今週初め、かつてバンしたかったソーシャルメディアプラットフォームTikTokに登録した元大統領のドナルド・トランプが、ユーザー数500万人以上を誇ることで、ジョー・バイデン大統領の選挙キャンペーンアカウントを上回っているという報告がありました。

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Adobe CFO Daniel Durn Reports Open Market Sale Of 4,500 Shares at $515.23/Share And 2,000 Shares at $515.90/Share On September 17

Large tech companies are racing to launch new artificial intelligence<a href="https://www.benzinga.com/topic/artificial-intelligence"> products and services </a>to capture market share. Most recently, Amazon.com Inc (NADSAQ: AMZN) announced its beta software of a new video-generating tool powered by AI in <a href="https://www.aboutamazon.com/news/innovation-at-amazon/amazon-ads-generative-ai-video-generator-advertisers">a blog post on Thursday. </a>The product allows advertisers to create videos for customers through Amazon's AI software. Amazon's new offering could rival Adobe Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) text-to-video service, Firefly, which is set to launch in beta at some point this year, according to <a href="https://www.theverge.com/2024/9/11/24241649/adobe-firefly-text-to-video-generative-ai-features-preview">The Verge. </a>Amazon's new video generator will be available in beta to select advertisers. Companies will be able to use Amazon's AI systems to create videos to advertise their products at no additional cost. 
Read Also: <a href="https://www.benzinga.com/news/large-cap/24/09/40930357/amazon-ends-remote-work-former-employee-asks-if-this-is-the-companys-version-of-silent-sacking">Amazon Ends Remote Work, Former Employee Asks If This Is The Company&#8217;s Version Of &#8216;Silent Sacking&#8217;</a>
"Video generator is another meaningful innovation that leverages generative AI to inspire creativity and deliver more value for both advertisers and shoppers," Amazon Ads vice president of product and technology Jay Richman said. Amazon and Adobe are not alone in the AI-powered video generator space. Other companies, like OpenAI, have also teased technology allowing users to create videos through simple text prompts such as "dog running through a field." What Is Amazon Ads? Amazon Ads is the company's advertising arm, offering various marketing strategies and solutions to companies of all sizes. According to its website, companies can launch an advertising campaign through Amazon Ads in five minutes or less. Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40847157/jim-cramer-rebukes-analysts-for-harsh-stance-on-adobe-despite-strong-q3-earnings-report-asks-for">Jim Cramer Rebukes Analysts For Harsh Stance On Adobe Despite Strong Q3 Earnings Report — Asks For Balanced Perspective Between &#8216;Total Euphoria And Total Skepticism&#8217;</a></li>
</ul>
Image: Shutterstock

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As The AI Arms Race Wages On, Amazon Takes Shot At Rival Adobe With New Text-To-Video Product

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Shares of software companies are trading higher amid overall market strength following Wednesday's Fed rate cut.

Last Thursday, Adobe Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>) reported its third quarter results, surpassing Wall Street&rsquo;s estimates for both the top and bottom line. However, Adobe&rsquo;s stock got punished for a lighter-than-expected fourth quarter guidance that sparked fears of smaller rivals taking business from software companies like Adobe and Salesforce Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crm#NYSE">CRM</a>).&nbsp;
Fiscal third quarter highlights
For the quarter ended on August 30th, Adobe reported revenue grew 11% to $5.41 billion, topping $5.37 billion that LSEG expected. The biggest line of business, Digital Media, that is home to Creative Cloud subscriptions that use generative artificial intelligence called Firefly, grew 11% YoY, bringing in sales of $3.98billion.&nbsp;Within the digital media segment, creative revenue grew 10% YoY to $3.19 billion&nbsp;while Document Cloud grew 18% YoY to $807 million.
The total subscription revenue amounted to $5.18 billion, rising 11% YoY.&nbsp;
Digital Experience segment reported revenue rose 10% to $1.35 billion.
Net income rose to $1.68 billion&nbsp;with adjusted earnings amounting to&nbsp;$4.65, surpassing $4.53&nbsp;that LSEG estimated.&nbsp;
Adobe demonstrated the strenght from its cash-generation capabilities,&nbsp;$2.02 billion, bringing in cash of&nbsp;$2.02 billion&nbsp;from its operations.&nbsp;
Adobe adjusted its outlook to a tough economy.&nbsp;
Taking into account current macroeconomic conditions and expected seasonal strength, Adobe adjusted its outlook.&nbsp;For the fourth fiscal quarter, Adobe guided for revenue between $5.5 billion and $5.55 billion, which fell short of FactSet&rsquo;s estimate of $5.6 billion.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Digital Media&nbsp;is projected to bring in&nbsp;$4.09 billion to $4.12 billion while Digital Experience segment is expected to report revenue between&nbsp;$1.36 billion and $1.38 billion. Adjusted&nbsp;profit is expected to range between $4.63 and $4.68 per share.
Adobe continues to empower its users with the technology of tomorrow.
Throughout the third quarter, Adobe outperformed across its key business segmens. More importantly, Adobe continues to integrarte AI across its portfolio.&nbsp;AI-powered enhancements, particularly Adobe Firefly,&nbsp;fueled the increased customer engagement and retention across Creative Cloud, Document Cloud, and Experience Cloud. However, the lighter than expected forecast sparked fears that AI gains will take longer to monetize, especially in the pressured&nbsp;buying environment.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Adobe Outperforms Q3 Estimates But Adjusts Its Guidance To A Challenging Environment

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$117.00</td>
<td>$38.0K</td>
<td>12.5K</td>
<td>61.6K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$165.00</td>
<td>$38.9K</td>
<td>6.9K</td>
<td>8.7K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$450.00</td>
<td>$57.2K</td>
<td>1.7K</td>
<td>4.4K</td>
</tr>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$210.00</td>
<td>$630.5K</td>
<td>4.9K</td>
<td>2.5K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$87.00</td>
<td>$37.6K</td>
<td>610</td>
<td>2.2K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$180.00</td>
<td>$237.8K</td>
<td>15.9K</td>
<td>1.9K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$30.00</td>
<td>$31.0K</td>
<td>15.5K</td>
<td>1.3K</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$600.00</td>
<td>$1.3 million</td>
<td>561</td>
<td>364</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$180.00</td>
<td>$62.3K</td>
<td>8.1K</td>
<td>362</td>
</tr>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$8.00</td>
<td>$61.4K</td>
<td>2.3K</td>
<td>360</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on September 20, 2024. This event was a transfer of 139 contract(s) at a $117.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $38.0K, with a price of $274.0 per contract. There were 12592 open contracts at this strike prior to today, and today 61676 contract(s) were bought and sold. 
• Regarding ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we observe a call option trade with bearish sentiment. It expires in 4 day(s) on September 20, 2024. Parties traded 50 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $38.9K, with a price of $778.0 per contract. There were 6977 open contracts at this strike prior to today, and today 8784 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on September 20, 2024. This event was a transfer of 30 contract(s) at a $450.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $57.2K, with a price of $1909.0 per contract. There were 1754 open contracts at this strike prior to today, and today 4442 contract(s) were bought and sold. 
• For IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), we notice a call option sweep that happens to be bullish, expiring in 60 day(s) on November 15, 2024. This event was a transfer of 452 contract(s) at a $210.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $630.5K, with a price of $1395.0 per contract. There were 4980 open contracts at this strike prior to today, and today 2545 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on September 20, 2024. Parties traded 200 contract(s) at a $87.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $37.6K, with a price of $188.0 per contract. There were 610 open contracts at this strike prior to today, and today 2252 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option trade with bullish sentiment. It expires in 123 day(s) on January 17, 2025. Parties traded 298 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $237.8K, with a price of $798.0 per contract. There were 15915 open contracts at this strike prior to today, and today 1985 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option sweep with bearish sentiment. It expires in 95 day(s) on December 20, 2024. Parties traded 1000 contract(s) at a $30.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $31.0 per contract. There were 15581 open contracts at this strike prior to today, and today 1337 contract(s) were bought and sold. 
• Regarding ADBE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), we observe a call option trade with neutral sentiment. It expires in 277 day(s) on June 20, 2025. Parties traded 350 contract(s) at a $600.00 strike. The total cost received by the writing party (or parties) was $1.3 million, with a price of $3750.0 per contract. There were 561 open contracts at this strike prior to today, and today 364 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bullish, expiring in 123 day(s) on January 17, 2025. This event was a transfer of 63 contract(s) at a $180.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $62.3K, with a price of $990.0 per contract. There were 8124 open contracts at this strike prior to today, and today 362 contract(s) were bought and sold. 
• Regarding WOLF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), we observe a put option sweep with bullish sentiment. It expires in 95 day(s) on December 20, 2024. Parties traded 307 contract(s) at a $8.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $61.4K, with a price of $200.0 per contract. There were 2324 open contracts at this strike prior to today, and today 360 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AVGO

ORCL

SMCI

WOLF

10 Information Technology Stocks Whale Activity In Today's Session

<ul>
<li>New innovations across Adobe Experience Cloud will enable brands to demonstrate the impact of AI-generated marketing content through real-time experimentation and robust performance insights</li>
<li>Adobe Content Analytics unlocks the ability for brands to understand the performance of content down to an attribute level, using AI to pinpoint specific colors, objects and styles that resonate with target audiences</li>
<li>In Adobe Journey Optimizer and Adobe Experience Manager, new offerings will enable brands to personalize AI-generated content variations across channels such as web and email, boosting customer engagement</li>
</ul>

Adobe Unveils Innovations In Adobe Experience Cloud For Brands To Personalize AI-Generated Content

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Rentokil Initial plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTO#NYSE">RTO</a>) shares plummeted 19.65% after the company revised the guidance <a href="https://www.benzinga.com//node/40814655" target="_blank" rel="noreferrer noopener">for the second half of FY24</a>.</li>
<li>Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) stock dived 17.31% after the company&#8217;s CFO noted intensifying credit challenges among <a href="https://www.benzinga.com//node/40800069" target="_blank" rel="noreferrer noopener">borrowers at a conference</a>. Several analysts cut the <a href="https://www.benzinga.com//node/40811970" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) shares dropped 11.26% after the company cut its R&amp;D expenses by $1.1 billion by 2027 and projected <a href="https://www.benzinga.com//node/40834547" target="_blank" rel="noreferrer noopener">2025 sales below expectations</a>. Many analysts <a href="https://www.benzinga.com/quote/mrna/analyst-ratings" target="_blank" rel="noreferrer noopener">lowered the price target</a>.</li>
<li>Humana Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) stock decreased 9.93%, probably after this week&#8217;s <a href="https://www.benzinga.com/general/entertainment/24/09/40840076/trump-vs-harris-presidential-debate-viewership-tops-trump-biden-total-but-falls-short-of-re" target="_blank" rel="noreferrer noopener">Trump-Harris debate</a>.</li>
<li>Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) stock was down 7.57%.</li>
<li>KE Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) shares decreased 7.14%.</li>
<li>Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) shares lost 5.69% last week following Q3 earnings. Several analysts cut their price forecasts for<a href="https://www.benzinga.com/quote/ADBE/analyst-ratings" target="_blank" rel="noreferrer noopener"> the stock</a>.</li>
<li>Ryanair Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) shares fell 5.38%.</li>
<li>JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) stock lost 5.05% last week after COO tempered analyst outlook.</li>
<li>Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) fell 4.87% last week. A JP Morgan analyst maintained Devon Energy with an Overweight rating and lowered the <a href="https://www.benzinga.com/quote/ADBE/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $64 to $51</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40869287/chewy-broadcom-and-microstrategy-are-among-top-10-large-cap-stock-gainers-last-week-sep-8-sep-14-are" target="_blank" rel="noreferrer noopener">Chewy, Broadcom And MicroStrategy Are Among Top 10 Large Cap Stock Gainers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?</a></li>
</ul>
Photo by Lutsenko_Oleksandr on Shutterstock

Large Cap

Movers

ALLY

BEKE

MRNA

RYAAY

Moderna, Tyson Foods And Adobe Are Among Top 10 Large Cap Stock Losers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?

Citigroup analyst Tyler Radke maintains Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Neutral and lowers the price target from $621 to $616.

Price Target

Analyst Ratings

Citigroup Maintains Neutral on Adobe, Lowers Price Target to $616

UBS analyst Karl Keirstead maintains Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Neutral and lowers the price target from $560 to $550.

UBS Maintains Neutral on Adobe, Lowers Price Target to $550

Adobe Systems (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>) reported $5.41 billion in revenue for the quarter ended August 2024, representing a year-over-year increase of 10.6%. EPS of $4.65 for the same period compares to $4.09 a year ago.
The reported revenue represents a surprise of +0.79% over the Zacks Consensus Estimate of $5.37 billion. With the consensus EPS estimate being $4.53, the EPS surprise was +2.65%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company&#39;s financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock&#39;s price performance more accurately.
Here is how Adobe performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
<ul>
<li>Business Unit - Digital Media - Creative ARR (Annualized Recurring): $13.45 billion versus the five-analyst average estimate of $13.46 billion.</li>
<li>Business Unit - Digital Media - Total Digital Media ARR (Annual): $16.76 billion compared to the $16.71 billion average estimate based on four analysts.</li>
<li>Business Unit - Digital Media - Document Services ARR (Annual): $3.31 billion versus the four-analyst average estimate of $3.25 billion.</li>
<li>Revenue- Digital Media: $4 billion compared to the $3.97 billion average estimate based on seven analysts. The reported number represents a change of +11.2% year over year.</li>
<li>Revenue- Publishing and Advertising: $59 million compared to the $60.35 million average estimate based on seven analysts. The reported number represents a change of -11.9% year over year.</li>
<li>Revenue- Digital Experience: $1.35 billion compared to the $1.34 billion average estimate based on seven analysts. The reported number represents a change of +10.2% year over year.</li>
<li>Revenue- Digital Media- Creative Cloud: $3.19 billion versus $3.18 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +9.6% change.</li>
<li>Revenue- Digital Media- Document Cloud: $807 million versus the five-analyst average estimate of $790.70 million. The reported number represents a year-over-year change of +17.8%.</li>
<li>Revenue- Services and other: $146 million versus $163.69 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -10.4% change.</li>
<li>Revenue- Products: $82 million compared to the $111.98 million average estimate based on three analysts. The reported number represents a change of -14.6% year over year.</li>
<li>Digital Experience Subscription Revenue: $1.23 billion compared to the $1.21 billion average estimate based on three analysts. The reported number represents a change of +12.3% year over year.</li>
<li>Net Revenue- Subscription: $5.18 billion versus $5.09 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.9% change.</li>
</ul>
Shares of Adobe have returned +7.5% over the past month versus the Zacks S&amp;P 500 composite&#39;s +4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2335568/adobe-adbe-reports-q3-earnings-what-key-metrics-have-to-say?cid=CS-BENZ-FT-fundamental_analysis|nfm-2335568">To read this article on Zacks.com click here.</a>

Adobe Reports Q3 Earnings: What Key Metrics Have to Say

Wall Street is experiencing a risk-on session Friday, with all sectors of the S&amp;P 500 index trading in the green as traders are energized by the now-imminent Federal Reserve rate cut, expected in <a href="https://www.benzinga.com/topic/interest-rates">less than a week.</a>
Both the S&amp;P 500 and Nasdaq 100 are on track for their fifth consecutive session of gains, pushing their weekly performances to 4% and 5.7%, respectively, and fully recouping last week&#8217;s losses.
Friday saw small-cap stocks build significant momentum, once again outperforming their large-cap counterparts amid the euphoria over the anticipated Fed rate cuts.
A large overnight bet by a trader on a 50-basis-point Fed rate cut sent the 2-year Treasury yield down by 7 basis points to 3.58%. This puts it on track to close at its lowest level since September 12, 2022. 
Market-implied probabilities for a half-point cut surged to as high as 43%, according to CME FedWatch data. 
Gold, as tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), continues to extend its historic highs, rising by 1%. Meanwhile, silver has roared ahead with a 3.3% gain, bringing its weekly performance to a stunning 16%, marking its best week since April 2020.
The rally in precious metals has been a boon for miners. The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) has extended its weekly gains beyond 10%, its best performance since March 2023.
Oil prices are cooling off, slipping by 0.4% after Thursday&#8217;s sharp rally. In the cryptocurrency market, Bitcoin gained 2.2%, climbing to $59,400 and is on track to close at its highest level since late August.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,182.68</td>
<td>2.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,355.75</td>
<td>0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,620.96</td>
<td>0.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,484.48</td>
<td>0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?">Benzinga Pro</a> data: 
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.4% higher to $561.37.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.7% to $414.78.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) inched 0.2% higher to $474.18.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 2.4% to $216.84.</li>
<li>Both the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) and the Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) outperformed, up 1.2%. The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) showed the smallest gains, up 0.3%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) fell over 9%, despite reporting better-than-expected results last quarter, as revenue guidance missed forecasts. </li>
<li>Boeing Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) dropped 3.8% after 33,000 union workers launched a strike on Friday, rejecting the company's proposed four-year contract amid ongoing challenges at the aircraft manufacturer.</li>
<li>United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) gained nearly 2% after announcing an agreement with SpaceX to equip its fleet with Starlink&#8217;s high-speed Wi-Fi service.</li>
<li>Warner Bros Discovery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) rose over 9%, on track for the strongest 2-day rally since 2008, after announcing a multi-year partnership with Charter Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NYSE">CHTR</a>). </li>
<li>Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>) dropped more than 6% after Barclays downgraded the stock from &#8216;Equal-Weight&#8217; to &#8216;Underweight&#8217; and slashed the price target from $181 to $133 per share.</li>
</ul>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/24/09/40857449/consumer-morale-hits-4-month-high-inflation-expectations-ease-partisan-gaps-in-sentiment-inched-up">Consumer Morale Hits 4-Month High, Inflation Expectations Ease: &#8216;Partisan Gaps In Sentiment Inched Up&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Macro Economic Events

Mid Cap

Bonds

Broad U.S. Equity ETFs

Commodities

Small Cap

Econ #s

Economics

Federal Reserve

ETFs

CHTR

SPDR Dow Jones Industrial Average ETF Trust

Market Vectors ETF Trust Market Vectors Gold Miners

GRMN

XLRE

Wall Street Aims For Fifth Straight Gain, Small Caps Soar As 2-Year Yields Hit 2-Year Lows, Adobe Sinks: What's Driving Markets Friday?

B of A Securities analyst Brad Sills reiterates Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Buy and maintains $640 price target.

Reiteration

B of A Securities Reiterates Buy on Adobe, Maintains $640 Price Target

U.S. stocks traded higher midway through trading, with the Dow Jones jumping over 400 points on Friday.
The Dow traded up 1.01% to 41,512.59 while the NASDAQ rose 0.68% to 17,689.80. The S&amp;P 500 also rose, gaining, 0.67% to 5,633.42.
Check This Out: <a href="https://www.benzinga.com/news/24/09/40812617/wall-streets-most-accurate-analysts-give-their-take-on-3-materials-stocks-delivering-high-dividend-y">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Materials Stocks Delivering High-Dividend Yields</a>
Leading and Lagging Sectors Materials shares jumped by 1.4% on Friday.
In trading on Friday, information technology shares rose by just 0.4%.
Top Headline
Shares of Adobe, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) fell around 9% on Friday after the company reported earnings for its third quarter.
The company said it sees fourth-quarter revenue in a range of $5.5 billion to $5.55 billion and earnings of between $4.63 and $4.68 per share.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Tenon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNON#NASDAQ">TNON</a>) shares shot up 123% to $9.85. The company announced the pricing of a $4.5 million public offering of 1.22 million shares and warrants.</li>
<li>Shares of Singular Genomics Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMIC#NASDAQ">OMIC</a>) got a boost, surging 73% to $9.67 after the company announced it received a non-binding acquisition proposal from Deerfield.</li>
<li>Agape ATP Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATPC#NASDAQ">ATPC</a>) shares were also up, gaining 45% to $2.10 after the company announced it entered into a strategic collaboration with Xiamen Photons Solar Technology that focusing on developing solar photovoltaic mounting systems in ASEAN countries.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Universe Pharmaceuticals INC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPC#NASDAQ">UPC</a>) shares dropped 75% to $0.4151.</li>
<li>Shares of Garden Stage Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSIW#NASDAQ">GSIW</a>) were down 63% to $4.44.</li>
<li>Healthcare Triangle, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCTI#NASDAQ">HCTI</a>) was down, falling 37% to $0.3202.</li>
</ul>
Commodities In commodity news, oil traded up 0.5% to $69.31 while gold traded up 1.1% at $2,609.90.
Silver traded up 3.7% to $31.215 on Friday, while copper rose 1.2% to $4.2440.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.76%, Germany's DAX gained 0.98% and France's CAC 40 rose 0.41%. Spain's IBEX 35 Index rose 1.23%, while London's FTSE 100 rose 0.39%.
Asia Pacific Markets
Asian markets closed mostly mixed on Friday, with Japan's Nikkei 225 falling 0.68%, Hong Kong's Hang Seng Index gaining 0.75%, China's Shanghai Composite Index falling 0.48% and India's BSE Sensex falling 0.09%.
Economics
<ul>
<li>The University of Michigan consumer sentiment rose for a second straight month to a reading of 69 in September.</li>
<li>Export prices declined by 0.7% month-over-month in August, while import prices fell by 0.3% month-over-month in August.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40853112/ionq-is-losing-too-much-money-while-this-tech-stock-is-real-deal-jim-cramer">IonQ Is Losing &#8216;Too Much Money&#8217; While This Tech Stock Is &#8216;Real Deal&#8217;: Jim Cramer</a></li>
</ul>

Eurozone

ATPC

GSIW

HCTI

OMIC

TNON

Dow Jumps 400 Points; Adobe Shares Plummet After Q3 Results

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/09/2024-09-13_08h58_01.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Running On 50 bps Rumor</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-gold-new-high-50-bps-cut-gld-mc-09132024">click here</a> for an enlarged chart of SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).
Note the following:
<ul>
<li>The chart shows when gold broke out back in March.</li>
<li>The chart shows a new breakout in gold.&nbsp; Gold is hitting an all time high.</li>
<li>The chart shows that the breakout is on higher volume.&nbsp; This shows conviction.</li>
<li>RSI on the chart shows that gold is approaching the overbought level but is not yet there.</li>
<li>The chart shows the support zone.&nbsp; How gold reacts if it pulls back into the support zone will be a tell.</li>
<li>Long time readers of The Arora Report have very large gains in gold.&nbsp; The Arora Report's track record on gold is unmatched.&nbsp; The Arora Report gave a signal to back up the truck and buy gold when gold was in the $600 range.&nbsp; When gold reached $1904 in 2011, The Arora Report gave a signal to sell half of gold holdings and put a stop on the remaining gold at $1757.&nbsp; Gold topped out on the same day that The Arora Report gave a sell signal and fell to about $1000.&nbsp; During the fall in gold, readers of The Arora Report made a lot of money by short selling gold.&nbsp; The Arora Report signals caught the bottom in gold and have since been mostly bullish.</li>
<li>Due to positioning, gold can go much higher. &nbsp;Positioning is an important Wall Street mechanic.&nbsp; Learning about Wall Street's mechanics gives investors several big edges.</li>
<li>As full disclosure, gold ETF GLD is in The Arora Report&#8217;s ZYX Allocation Model Portfolio.&nbsp; Silver ETF iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) and gold miner Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) are in The Arora Report&#8217;s ZYX Buy Core Model Portfolio.</li>
<li>In The Arora Report analysis, the latest breakout in gold is due to a rumor of a 50 bps interest rate cut taking hold.&nbsp; If the Fed does not cut by 50 basis points, there may be a pullback in gold.&nbsp; A pullback will be a buying opportunity.&nbsp;&nbsp;</li>
<li>The same 50 bps cut rumor drove stocks, especially AI stocks, higher yesterday.&nbsp;&nbsp;</li>
<li>Among earnings of note, Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) earnings were below whisper numbers as it is taking longer for Adobe's AI products to gain traction compared to expectations in the market.&nbsp; Also of note are earnings from RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>), the high end home furnishing company. RH earnings show that the consumer at the high end is resilient and spending.&nbsp;&nbsp;&nbsp;</li>
</ul>
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>).
In the early trade, money flows are neutral in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
In the early trade, money flows are negative in Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and negative in Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is GLD.  The most popular ETF for silver is SLV.  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

$BTC

GOOG

MSFT

Gold Breaks To A New High And Can Go Much Higher, Stocks And Gold Running On 50 BPS Cut

Oppenheimer analyst Brian Schwartz maintains Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Outperform and maintains $625 price target.

Oppenheimer Maintains Outperform on Adobe, Maintains $625 Price Target

Shares of Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) tanked in early trading on Friday, even after the company reported <a href="https://www.benzinga.com/news/earnings/24/09/40843018/adobe-reports-record-q3-revenue-eps-beats-estimates">upbeat fiscal third-quarter results</a>.
The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<ul>
<li>RBC Capital Markets <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/64da23ec2e59fb0001505ffd/matthew-swanson">analyst Matthew Swanson</a> maintained an Outperform rating and price target of $610.</li>
<li>Goldman Sachs <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58c6ab8db85e9300015f1ae0/kash-rangan">analyst Kash Rangan</a> reiterated a Buy rating and price target of $640.</li>
<li>KeyBanc Capital Markets <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58777fa15064ed000173004c/jackson-ader">analyst Jackson Ader</a> reaffirmed an Underweight rating and price target of $450.</li>
<li>Oppenheimer <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/597b3ef9c1f5580001ef5278/brian-schwartz">analyst Brian Schwartz</a> maintained an Outperform rating and price target of $625.</li>
<li>Piper Sandler <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586e4055351b9b00018beeab/brent-bracelin">analyst Brent Bracelin</a> reiterated an Overweight rating and price target of $635.</li>
<li>JMP Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5846fffaee7bf6000154d141/patrick-walravens">analyst Patrick Walravens</a> reaffirmed an Market Outperform rating on the stock.</li>
<li>Bank of America Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59ca95686ab12400018386cb/brad-sillshttps:/www.benzinga.com/analyst-stock-ratings/analyst/59ca95686ab12400018386cb/brad-sills">analyst Brad Sills</a> maintained a Buy rating and price target of $640.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
RBC Capital Markets: Adobe reported strong quarterly results, "beating expectations across the board," Swanson said in a note. DM NNARR (Digital Media net-new annual recurring revenue) came in at $504 million, beating guidance by more than the average in the last four quarters.
The company exited the fiscal third quarter with RPO (remaining performance obligation) of $18.14 billion. This represents 15% year-on-year growth, which is "a sign of broader enterprise adoption," Swanson stated. Management lowered guidance for the fiscal fourth quarter. This could prove conservative, "given recent innovation and execution" and an "additional potential catalyst from Adobe Max," he further wrote, calling the stock weakness "an overreaction.&#8221;
Goldman Sachs: Adobe reported DM NNARR of $504 million, versus consensus of $462 million, driven by revenue growth of 11% and operating profit margin of 47% coming in higher than estimates of 10% and 46%, respectively, Rangan said. The stock was punished for management's weaker-than-expected DM NNARR guidance of $550 million for the fiscal fourth quarter, which missed consensus of $571 million, he added.
"While investors are likely concerned about guidance's effect on upcoming DM FY25 guidance and hesitant about where we are in the maturity of the business, we believe this reaction is overblown," the analyst wrote. Adobe's core business remains strong and is likely to be boosted by ramping AI adoption, he further stated.
KeyBanc Capital Markets: Adobe's third-quarter beat made the fourth quarter even more dependent on "a strong seasonal end to the year, which, in our opinion, is no guarantee in the current budget environment," Ader said. The fourth-quarter outlook across the board is below prior implied guidance and consensus, he stated.
"The list of explanations includes increased go-to-market costs to market increased pace of product launches, FX being more of a headwind than was factored into the Company&#8217;s methodology at the start of the year, a calendar anomaly that causes Cyber Monday to fall into next fiscal year and large document cloud deals that were signed earlier than anticipated," the analyst wrote. He added, however, that Adobe may need to sacrifice margins to maintain its revenue growth.
Oppenheimer: Adobe reported total revenues of $5.41 billion, representing 11% year-on-year growth and beating consensus of $5.37 billion, Schwartz said. Pro forma earnings grew by 14% year-on-year to $4.65 per share, higher than the market estimate of $4.53 per share, he added.
Management guidance to BM NNARR of around $550 million for the fourth quarter, which missed the consensus by $25 million, the analyst stated. He noted, however, that the full-year DM NNARR has been raised by $23 million to around $1.97 billion and came in above the consensus of $1.95 billion.
Piper Sandler: DM ARR may have been a useful metric during the SaaS transition, but is not in the AI era, Bracelin said. He added that the annual and new DM ARR variance "is just 3.8% for four years at $1.91B-$1.98B."
Adobe's new DM ARR beat consensus by $44 million in the third quarter, but the company lowered the fourth quarter projection by only $21 million, the analyst stated. "Nothing in Q3 results or the Q4 outlook changes our thesis that ADBE is in the early innings of a new innovation cycle," he further wrote.
JMP Securities: The company guided to its fiscal fourth-quarter non-GAAP earnings of $4.63-$4.68 per share, versus consensus of $4.67, Walravens said. Total revenue of $5.50-$5.55 billion, versus consensus of $5.61 billion, representing around 9% year-on-year growth at the midpoint, he added.
"On the cautious side, the F4Q guidance was a bit light, AI monetization remains early, and competition is increasing, particularly from Canva and Figma," the analyst wrote. Adobe has a good strategy of "developing commercially safe AI frontier models and embedding them into its applications.&#8221;
BofA Securities: Adobe's DM NNARR of $504 million "nicely exceeded our $471 million estimate," Sills said in a note. The company's third-quarter results were boosted by about $20 million worth of deals in the Document Cloud being pulled forward from the fourth quarter, he stated.
"The Q4 outlook for NNDMARR of $550 million is below our $571 million from the movement into Q3," the analyst wrote. He added, however, that the net result is an increase of $32 million in the fiscal 2026 outlook to $1.915 billion.
ADBE Price Action: Shares of Adobe had declined by 9.12% to $533.08 at the time of publication on Friday.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40847157/jim-cramer-rebukes-analysts-for-harsh-stance-on-adobe-despite-strong-q3-earnings-report-asks-for">Jim Cramer Rebukes Analysts For Harsh Stance On Adobe Despite Strong Q3 Earnings Report</a></li>
</ul>
Image: Shutterstock

Analyst Color

Earnings Beats

Adobe Stock Tanks On Disappointing Q4 Guidance: Why These Analysts Say Reaction Was 'Overblown'

JMP Securities analyst Patrick Walravens reiterates Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Market Perform.

JMP Securities Reiterates Market Perform on Adobe

RBC Capital analyst Matthew Swanson reiterates Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Outperform and maintains $610 price target.

RBC Capital Reiterates Outperform on Adobe, Maintains $610 Price Target

Morgan Stanley analyst Keith Weiss maintains Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Overweight and maintains $660 price target.

Morgan Stanley Maintains Overweight on Adobe, Maintains $660 Price Target

U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Friday.
Shares of Adobe Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) shares declined 10.3% to $75.02 in pre-market trading after the company <a href="https://www.benzinga.com/news/earnings/24/09/40843018/adobe-reports-record-q3-revenue-eps-beats-estimates">reported quarterly results.</a>
Adobe reported better-than-expected earnings for its third quarter on Thursday. The company said it sees fourth-quarter revenue in a range of $5.5 billion to $5.55 billion and earnings of between $4.63 and $4.68 per share.
Adobe shares dipped 8.5% to $537.00 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>SelectQuote, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) fell 18.1% to $2.94 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results and issued FY25 revenue guidance below estimates.</li>
<li>Similarweb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMWB#NYSE">SMWB</a>) declined 11.2% to $8.50 in pre-market trading after the company announced the pricing of $27.475 million secondary offering of 3.5 million shares of common stock at a price of $7.85 by a selling shareholder.</li>
<li>XCHG Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCH#NASDAQ">XCH</a>) shares declined 7.5% to $7.99 in pre-market trading amid possible post-IPO volatility.</li>
<li>Atea Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVIR#NASDAQ">AVIR</a>) shares fell 7.1% to $3.4102 in pre-market trading after the company announced the outcome of the global Phase 3 SUNRISE-3 trial evaluating bemnifosbuvir for the treatment of COVID-19 and found that the trial did not meet the primary endpoint.</li>
<li>Valneva SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VALN#NASDAQ">VALN</a>) fell 6.2% to $6.51 in pre-market trading.</li>
<li>Gogo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGO#NASDAQ">GOGO</a>) fell 6.1% to $7.00 in pre-market trading after declining 3% on Thursday.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40850889/4m-bet-on-this-energy-stock-check-out-these-3-stocks-executives-are-buying">$4M Bet On This Energy Stock? Check Out These 3 Stocks Executives Are Buying</a></li>
</ul>

Pre-Market Outlook

AVIR

GOGO

SLQT

SMWB

VALN

Adobe, SelectQuote, Similarweb And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Nasdaq, S&P, Dow close with gains as odds pop up for a large Fed rate cut

BNY Mellon Global Stock Fund Q2 2024 Commentary

Adobe: Awaiting Clearer Signs Of Revenue Acceleration

All 3 S&P 500 companies that reported this week beat EPS estimates-Earnings Scorecard

As part of an ongoing series, each week we typically conduct an analysis on one of the companies in our screens. This week, however, we will take a look at one of the stocks that is not currently in our screens: Adobe Inc.

Adobe Inc. Valuation: Is The Stock Undervalued?

Adobe (ADBE – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Saiyi HE from CMB Internationa...

Buy Rating Affirmed for Adobe on Robust Growth and Strong Digital Media Performance

Adobe: Time To Get Greedy (Rating Upgrade)

Tracking Philippe Laffont's Coatue Management Portfolio - Q2 2024 Update

The major AI stocks have in average lower EPS growth rate than the S&P 500

The major AI stocks have on average lower EPS growth rate than the S&P 500

AIEQ

ANET

ARTY

ASML

AVAV

BKAG

BKCI

BKEM

BKGI

BKHY

BKIE

BKLC

BKMC

BKSE

BKUI

CART

COST

DELL

EQIX

FARO

FAST

FCNCA

GOOGL

IGPT

ISRG

LRCX

LVMHF

ODFL

PEGA

PRCT

PYPL

SHOP

SOUN

TSMWF

UBER

Press Releases

Adobe to Announce Q3 FY2024 Earnings Results on Sept. 12

Adobe Previews Its Upcoming Firefly Video Model

Adobe Reports Record Revenue in Q3 Fiscal 2024

Adobe Unveils Innovations in Adobe Experience Cloud for Brands to Personalize and Measure AI-generated Content

CloudBees Brings Thousands of Developers to Annual DevOps World as It Surpasses $150 Million in Revenue and Achieves Profitability

Legal

ADBE INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into Adobe Inc. and Encourages Investors to Contact the Firm!

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Adobe Inc. - ADBE

ADBE Investors Have Opportunity to Join Adobe Inc. Fraud Investigation with the Schall Law Firm

ADBE INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation Into Adobe Inc. and Encourages Investors to Contact the Firm!

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