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HSD – Adobe Systems $ADBE

Today’s Hot stock is Adobe Systems Incorporated (ADBE) Adobe soared 12.78% today on earning’s news. Adobe hit an all time high, despite the fact that their numbers weren’t stellar. All forward year numbers were below analyst consensus. Current quarter earnings were in line, however way below last year’s Q4 earnings, as well as revenue’s falling.

The news that really made the stock jump was their subscriber numbers for their creative cloud business. Their subscriber count jumped almost 39% to 1.439 million subscribers.

Adobe is an interesting play at this venture. With their transition into cloud they may be a good play, and with their subscriber increase this seems to be doing well for them. However the fundamental’s do not lie. We will see which prevails.

Adobe Systems

Disclaimer: I currently do not hold the above mentioned investment. I am not looking to add to a position in the above mentioned investment, within the next 30 days. I am not looking to take a short position in the above mentioned investment within the next 30 days.

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