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 $183.5 million.
  • ADBE has traded 32,570 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 117. Currently there are 9 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 2.8 million shares per day over the past 30 days. Adobe Systems has a market cap of $42.0 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.27 and a short float of 0.9% with 2.04 days to cover. Shares are up 18.5% year-to-date as of the close of trading on Friday.

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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 expanding profit margins. 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 came in higher than the industry average of 12.1%. Since the same quarter one year prior, revenues slightly increased by 8.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • ADBE's debt-to-equity ratio is very low at 0.29 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, ADBE has a quick ratio of 2.02, 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 66.6% when compared to the same quarter one year prior, rising from $88.53 million to $147.49 million.
  • Net operating cash flow has increased to $471.48 million or 28.28% when compared to the same quarter last year. In addition, ADOBE SYSTEMS INC has also vastly surpassed the industry average cash flow growth rate of -27.97%.
  • The gross profit margin for ADOBE SYSTEMS INC is currently very high, coming in at 89.90%. Regardless of ADBE's high profit margin, it has managed to decrease from the same period last year.

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