Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Piper Jaffray Raises Adobe Estimates

Piper Jaffray raised its estimates on Adobe Systems (ADBE).

Analyst Gene Munster says the increase in guidance is related to greater-than-expected sales of Create Suite products and Acrobat this quarter. He continues to believe that a longer domestic Create Suite tail is carrying over into localized versions. Munster believes fundamental strength in the market will support continued strength in Create Suite products and result in multiple expansion for Adobe shares.

He raised the 37 cents second-quarter earnings per share estimate to 44 cents, upped the $1.52 fiscal 2004 (Nov.) estimate to $1.62, raised the $1.58 fiscal 2005 estimate to $1.67, and upped the $1.63 fiscal 2006 estimate to $1.72. He also raised the $50 target to $55, and reiterates his outperform rating.

blog comments powered by Disqus