(Finance) – Discomposed decline for Adobe Systemswhich shows a net loss of 8.89% on previous values.
The San Jose company’s stock is weighing on weak revenue guidance for the current quarter. Third-quarter results showed earnings and revenues above market expectations.
“In the third quarter, Adobe generated more than $2 billion in free cash flow and closed the quarter with a record RPO, demonstrating the power of combining growth with world-class profitability,” said Dan Durn, executive vice president and CFO of Adobe. “Given the enormous markets we are catalyzing, I am confident in our ability to drive growth and industry leadership.”
The one-week trend of Photoshop and Acrobat producer it is weaker than the trend of theS&P 100. Such a decline could trigger opportunities for the market to sell the stock.
Technically, Adobe Systems is in a strengthening phase with resistance area seen at 539 USD, while the most immediate support can be glimpsed at 528.2. At the operational level, a continuation of the session is expected under the sign of the bull with resistance seen at 549.7.