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

Bloomberg Customers

Markets & Finance

WR Hambrecht Keeps Buy on Adobe

WR Hambrecht reiterated its buy opinion on Adobe Systems (ADBE), citing the company's third quarter results announcement late Thursday.

Analyst Karen Haus said that the company's solid third quarter results were generally in line; $487 million revenues were just shy of $489 million consensus estimates, but 29 cents earnings per share beat the consensus by 2 cents. She says Adobe continues to benefit from strong performance in its CS2 product cycle, which has been slightly ahead of her estimates. She noted the wildcard on whether Adobe obtains regulatory approval for its pending acquisition of Macromedia (MACR), but she's optimistic the deal will close within the next few weeks. Based on third quarter results and fourth quarter guidance, she raises her $1.09 fiscal year 2005 (ending November) earnings per share estimate to $1.14, and maintains her $1.20 fiscal year 2006 earnings per share estimate. She has her 12 month price target at $36.

blog comments powered by Disqus