Adobe: Poised To Ride The Wave Of Booming Industry Growth

Summary:

  • Adobe is a diversified technology company that owns a variety of digital media, data, and experience applications.
  • The company reported strong financial results for Q1,FY23 as it beat both revenue and earnings line growth expectations.
  • Adobe is poised to benefit from a series of intersecting growth trends from the growth in digital “creators” to the Metaverse with its Substance 3D.
  • Over two-thirds of movies at the Sundance film festival as well as many Oscar-winning movies (Star Wars, Spiderman, etc.), used Adobe products in their creation.
  • The company bought back 5 million shares in Q1,FY23, and has ~$5.2 billion remaining of its $15 billion authorization.

Businessman working on laptop with document management icon.

I going to make a greatest artwork as I can, by my head, my hand and by my mind.

Adobe (NASDAQ:ADBE) is one of the world’s most highly regarded technology companies. The business created the PDF file format back

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Data by YCharts

Adobe financials

Adobe financials (Q1,23)

Adobe 3D assets

Adobe 3D assets (Adobe Author Research)

Bladerunner 2049

Blade Runner 2049 flying car over solar farm (Adobe Substance 3D)

Adobe stock valuation 1

Adobe stock valuation 1 (created by author Ben at Deep Tech Insights)

Adobe stock valuation 2

Adobe stock valuation 2 (Created by author Deep Tech Insights)

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Data by YCharts


Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.


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