ADBE Adobe Inc

Shares of software company Adobe (NASDAQ: ADBE) are down 32.3% year-to-date amid a broader tech sell-off, as investors have been looking for safer, value bets amid rising interest rates. Further, Adobe’s lackluster guidance for the fiscal third quarter also impacted investors’ sentiment. While a challenging environment is expected to weigh on the company’s near-term performance, Wall Street analysts continue to be optimistic about Adobe’s long-term growth opportunities. Adobe offers an extensive range of software solutions, including creative, marketing, and document management tools. Adobe’s Guidance Reflects Near-Term Pressures Adobe’s Q2 FY22 (ended June 3, 2022) revenue grew 14% to $4.39 billion.
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