(Finance) – Unhappy performance for Adobe Systemswhich shows a negative percentage change of 0.44% compared to the previous session.
The San Jose company achieved record revenue in the second quarter of fiscal year 2022, which ended June 3, 2022, but provided disappointing guidance for the current quarter and full fiscal year. “We had another quarter of strong financial results, with over $ 2 billion in operating cash flows demonstrating the strength of Adobe’s growing revenue streams and financial discipline,” said the CFO Dan Durn – Our operating model continues to fuel steady growth, enabling the company to invest in class-leading cloud solutions and emerging innovations that are gaining ground in the market. “
The technical scenario seen at one week of the stock compared to the index S&P 100highlights a slowdown in the trend of producer of Photoshop and Acrobat compared toS&P 100and this makes the stock a potential target for sale by investors.
Analyzing the scenario of Adobe Systems there is a widening of the bearish phase at the test of the USD 351.4 support. First resistance at 369.7. Expectations are for an extension of the negative line towards new lows at 339.4.