Trade-Ideas LLC identified

Adobe Systems

(

ADBE

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Adobe Systems as such a stock due to the following factors:

  • ADBE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $158.8 million.
  • ADBE has traded 25,806 shares today.
  • ADBE is trading at a new lifetime high.

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More details on ADBE:

Adobe Systems Incorporated is a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. ADBE has a PE ratio of 94. Currently there are 10 analysts that rate Adobe Systems a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Adobe Systems has been 3.4 million shares per day over the past 30 days. Adobe Systems has a market cap of $45.8 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.11 and a short float of 1.2% with 3.48 days to cover. Shares are up 26.2% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Adobe Systems as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, good cash flow from operations and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 15.8%. Since the same quarter one year prior, revenues rose by 21.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Although ADBE's debt-to-equity ratio of 0.28 is very low, it is currently higher than that of the industry average. To add to this, ADBE has a quick ratio of 2.07, which demonstrates the ability of the company to cover short-term liquidity needs.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Software industry. The net income increased by 290.4% when compared to the same quarter one year prior, rising from $44.69 million to $174.47 million.
  • Net operating cash flow has increased to $360.49 million or 34.24% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -8.93%.
  • Powered by its strong earnings growth of 277.77% and other important driving factors, this stock has surged by 27.45% over the past year, outperforming the rise in the S&P 500 Index during the same period. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.

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