Adobe Systems Stock Hits New 52-Week High (ADBE)

NEW YORK ( TheStreet) -- Adobe Systems (Nasdaq: ADBE) hit a new 52-week high Monday as it is currently trading at $47.33, above its previous 52-week high of $47.19 with 164,148 shares traded as of 9:36 a.m. ET. Average volume has been 3.7 million shares over the past 30 days.

Adobe Systems has a market cap of $23.31 billion and is part of the technology sector and computer software & services industry. Shares are up 24.7% year to date as of the close of trading on Friday.

Adobe Systems Incorporated operates as a diversified software company worldwide. It offers a line of software and services used by creative professionals, marketers, knowledge workers, application developers, enterprises, and consumers.

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TheStreet Ratings rates Adobe Systems as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Adobe Systems Ratings Report.

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