Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Adobe Inc.
  6. News
  7. Summary
    ADBE   US00724F1012

ADOBE INC.

(ADBE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Adobe Inc. completed the acquisition Frame.io, inc. from Accel Partners, Insight Venture Management, LLC and Others.

10/07/2021 EST

Adobe Inc. (NasdaqGS:ADBE) entered into a definitive agreement to acquire Frame.io, inc. from Accel Partners, Insight Venture Management, LLC and Others for $1.3 billion on August 19, 2021. Adobe expect to finance the acquisition using existing cash, cash equivalent and short-term investment balances.The transaction, valued at $1.275 billion, subject to customary purchase price adjustments. Until the transaction closes, Adobe and frame.io will continue to operate separately. Upon close, Frame.io co-founder and Chief Executive Officer Emery Wells and co-founder John Traver will join Adobe. Emery Wells will continue to lead the Frame.io team, reporting to Scott Belsky. The transaction is subject to regulatory approval and customary closing conditions and expected to close during the fourth quarter of Adobe’s 2021 fiscal year. Edward D. Herlihy, Jenna E. Levine, Jacob A. Kling, Nelson O. Fitts, Erica E. Bonnett, Emily D. Johnson and T. Eiko Stange of Wachtell, Lipton, Rosen & Katz LLP acted as legal advisors to Adobe Inc. Adobe Inc. (NasdaqGS:ADBE) completed the acquisition Frame.io, inc. from Accel Partners, Insight Venture Management, LLC and Others on October 7, 2021.


ę S&P Capital IQ 2021
All news about ADOBE INC.
01:31pThanksgiving Sales Top $5 Billion But Lag Expectations, Adobe Data Shows
MT
01:27pConsumer Holiday Spending Runs Ahead of Expectations to Reach $81 Billion by Thanksgivi..
MT
11/24ADOBE : Four ways to reduce security risks using software updates and deployment resources
PU
11/24PREVENTING PLAGIARISM : a guide for students and educators
PU
11/243D PRODUCT VISUALIZATION : The key to winning the content race
PU
11/23ADOBE INC. : Change in Directors or Principal Officers (form 8-K)
AQ
11/23Adobe Inc. Announces Retirement of James Daley as Director
CI
11/23With U.S. inventories tight, 'Black Friday' drags through November
RE
11/23ADOBE : and Major League Baseball partner to create next generation fan experiences
PU
11/23THE POWER OF SHADOWING : 9 inspiring takeaways from my time with a senior leader
PU
More news
Analyst Recommendations on ADOBE INC.
More recommendations
Financials (USD)
Sales 2021 15 758 M - -
Net income 2021 4 797 M - -
Net cash 2021 2 697 M - -
P/E ratio 2021 66,4x
Yield 2021 -
Capitalization 315 B 315 B -
EV / Sales 2021 19,8x
EV / Sales 2022 17,0x
Nbr of Employees 22 516
Free-Float 79,1%
Chart ADOBE INC.
Duration : Period :
Adobe Inc. Technical Analysis Chart | ADBE | US00724F1012 | MarketScreener
Technical analysis trends ADOBE INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Last Close Price 662,10 $
Average target price 712,46 $
Spread / Average Target 7,61%
EPS Revisions
Managers and Directors
Shantanu Narayen Chairman, President & Chief Executive Officer
Daniel J. Durn Chief Financial Officer & Executive Vice President
Abhay Parasnis Chief Technology & Product Officer
Cynthia A. Stoddard Chief Information Officer & Senior Vice President
Mark S. Garfield Chief Accounting & Administration Officer
Sector and Competitors
1st jan.Capi. (M$)
ADOBE INC.33.63%317 987
WORKDAY INC.15.97%69 470
AUTODESK, INC.-15.86%56 480
DATADOG, INC.83.20%56 269
ROPER TECHNOLOGIES, INC.12.48%51 146
TWILIO INC.-16.13%50 626