Adobe ‘s fiscal third-quarter earnings and sales beat expectations, but the results weren’t enough to send shares higher.
For the quarter ended Sept. 3, Adobe (ticker: ADBE) reported revenue of $3.94 billion Tuesday, up 22% year over year. It was a quarterly sales record for the creative-software company, topping Wall Street’s consensus estimate of $3.89 billion, according to FactSet. Non-GAAP earnings of $3.11 a share also beat consensus estimates at $3.01 a share.
But Adobe shares have risen more than 40% in the past six months following a string of better-than-expected quarters. Better-than-consensus results may have already been priced in the stock. The stock was down 3.7% to $622.26 in premarket trading Wednesday.
“Adobe had another outstanding quarter as Creative Cloud, Document Cloud and Experience Cloud continue to transform storytelling, learning and conducting business in a digital-first world,” CEO Shantanu Narayen said in the earnings release.
Top Stocks To Buy Right Now: Berkshire Hathaway Inc. (BRK-A)
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities. The Company conducts insurance businesses on both a primary basis and a reinsurance basis, a freight rail transportation business and a group of utility and energy generation and distribution businesses. Its segments include GEICO, General Re Corporation (General Re), Berkshire Hathaway Reinsurance Group (BHRG), Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, Manufacturing, McLane Company, Service and retailing, and Finance and financial products. Its insurance and reinsurance business activities are conducted through various domestic and foreign-based insurance entities. Its insurance businesses provide insurance and reinsurance of property and casualty risks, and also reinsure life, accident and health risks across the world.
- [By ]
So how does Warren Buffett fit in? Well, Berkshire Hathaway (NYSE: BRK-A) has agreed to bankroll $10 billion toward the cost. In exchange, Berkshire will walk away with 100,000 preferred shares worth $100,000 each at a fixed 8% coupon, as well as warrants to purchase common shares in a private offering. The deal is contingent upon the merger with Anadarko closing.
- [By ]
Just ask Warren Buffett. He has long lamented the fact that small businesses no longer make viable investment candidates for Berkshire Hathaway (NYSE: BRK-A). Sure, they could be bought out, but their contribution to Berkshire’s returns would be negligible. So Buffett and his trusted lieutenants must hunt for “elephants” instead.
Top Stocks To Buy Right Now: NTT DOCOMO, Inc(DCM)
NTT DOCOMO, INC. provides mobile communications services in Japan. The company operates through three segments: Telecommunications Business, Smart Life Business, and Other Businesses. It offers voice, data, and other value-added services; international calling roaming, and public wireless LAN services; Office Link, a service that allows mobile phones to be used as internal lines; Business Mopera Anshin Manager, which enables the unified control of corporate mobile phones; and satellite cell phone services. The company also provides optical-fiber broadband and Internet access services; video and music distribution, electronic books, and other services through its dmarket portal; finance/payment, shopping, and other services; medical database relating to healthcare-related companies, including pharmaceutical companies; and authentication and information services to medical personnel. In addition, it offers mobile device protection services; online courses; in-vehicle information/communication platform and data connectivity services; M2M services; eSIMs; Docomo DriveNet Navi, a car navigation services; Docomo DriveNet Info, a service for supporting car life; and docomo M2M Platform, which enables centralized management of docomo lines and overseas telecommunications carriers lines. Further, the company sells music software; operates cooking school, and content and content management platform; develops, sells, and maintains IT systems; offers mobile content delivery platform, billing/payment, cable television, and fixed telephone services; and is involved in the mail order sales of ingredients and cooking utensils. Additionally, it sells handsets and related equipment. The company sells its products through distributors and its stores, as well as through online. As of March 31, 2015, it had 2,399 docomo shops. The company was founded in 1991 and is headquartered in Tokyo, Japan. NTT DOCOMO, Inc. operates as a subsidiary of Nippon Telegraph and Telephone Corporation.
- [By Max Byerly]
Get a free copy of the Zacks research report on Carpenter Technology (CRS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Crystal Amber Fund Limited (LON:CRS) announced a dividend on Friday, July 6th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 19th will be given a dividend of GBX 2.50 ($0.03) per share on Friday, August 17th. This represents a yield of 1.12%. The ex-dividend date is Thursday, July 19th. The official announcement can be viewed at this link.
- [By Ethan Ryder]
ValuEngine cut shares of Carpenter Technology (NYSE:CRS) from a buy rating to a hold rating in a research note published on Monday morning.
Other equities research analysts also recently issued reports about the company. Cowen reiterated a buy rating and issued a $66.00 target price on shares of Carpenter Technology in a research report on Friday, June 1st. Zacks Investment Research upgraded Carpenter Technology from a sell rating to a hold rating in a research report on Monday, April 16th. Deutsche Bank boosted their target price on Carpenter Technology from $47.00 to $49.00 and gave the stock a hold rating in a research report on Wednesday, April 11th. Finally, Longbow Research downgraded Carpenter Technology from a buy rating to a neutral rating and set a $50.00 target price on the stock. in a research report on Monday, June 25th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Carpenter Technology presently has an average rating of Hold and a consensus target price of $56.50.
- [By Ethan Ryder]
Titan International (NYSE: TWI) and Carpenter Technology (NYSE:CRS) are both industrial products companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, dividends, risk, analyst recommendations, profitability, valuation and earnings.
Top Stocks To Buy Right Now: Foamix Pharmaceuticals Ltd.(FOMX)
Our legal and commercial name is Foamix Pharmaceuticals Ltd. (formerly Foamix Ltd.). We were incorporated as a limited liability company under the laws of the State of Israel on January 19, 2003. We are registered with the Israeli Registrar of Companies. Our registration number is 51-336881-1. Article 3 of our articles of association provides that our objectives are to conduct all types of business as are permitted by law. Our principal executive offices are located at 2 Holzman St., Weizmann Science Park, Rehovot 76704, Israel, and our telephone number is +972-8-9316233. Our website is www.foamixpharma.com. The information contained on, or that can be accessed through, our website does not constitute a part of this form and is not incorporated by reference herein. Foamix Pharmaceuticals Inc., our wholly-owned subsidiary, was incorporated on May 6, 2014 under the laws of the State of Delaware, with the intent to serve as our marketing and sales arm in the U.S. Advisors’ Opinion:
- [By Max Byerly]
HC Wainwright set a $11.00 price target on Foamix Pharmaceuticals (NASDAQ:FOMX) in a research note released on Tuesday. The firm currently has a buy rating on the specialty pharmaceutical company’s stock.
- [By Joseph Griffin]
Foamix Pharmaceuticals (NASDAQ:FOMX)’s stock had its “buy” rating reiterated by HC Wainwright in a report issued on Wednesday, MarketBeat reports. They currently have a $14.00 price objective on the specialty pharmaceutical company’s stock, up from their prior price objective of $12.00. HC Wainwright’s price objective would indicate a potential upside of 122.22% from the stock’s current price.
- [By Chris Lange]
Foamix Pharmaceuticals Ltd. (NASDAQ: FOMX) shares were last seen up early on Wednesday after the company announced a solid performance in its late-stage trial for moderate-to-severe acne.
- [By Ethan Ryder]
News headlines about Foamix Pharmaceuticals (NASDAQ:FOMX) have trended somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Foamix Pharmaceuticals earned a news impact score of 0.15 on Accern’s scale. Accern also assigned press coverage about the specialty pharmaceutical company an impact score of 48.1562748121044 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Top Stocks To Buy Right Now: PetMed Express, Inc.(PETS)
PetMed Express, Inc. and subsidiaries, d/b/a 1-800-PetMeds, is a leading nationwide pet pharmacy. The Company markets prescription and non-prescription pet medications, and other health products for dogs and cats, direct to the consumer. The Company offers consumers an attractive alternative for obtaining pet medications in terms of convenience, price, and speed of delivery.
The Company markets its products through national television, online, and direct mail/print advertising campaigns, which aim to increase the recognition of the “1-800-PetMeds” brand name, and “PetMeds” family of trademarks, increase traffic on its website at www.1800petmeds.com, acquire new customers, and maximize repeat purchases. Our fiscal year end is March 31, our executive offices are currently located at 1441 S.W. 29th Avenue, Pompano Beach, Florida 33069, and our telephone number is (954) 979-5995. Advisors’ Opinion:
- [By Timothy Green, Tyler Crowe, and Sean Williams]
Three of our Motley Fool contributors want you to know about A.O. Smith (NYSE:AOS), Kulicke & Soffa Industries (NASDAQ:KLIC), and PetMed Express (NASDAQ:PETS). Read on to find out why these unknown but amazing dividend stocks belong in your portfolio.
- [By Ethan Ryder]
Media headlines about Petmed Express (NASDAQ:PETS) have been trending somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Petmed Express earned a news impact score of 0.05 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.0051994773148 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
- [By Jason Hall, George Budwell, and Daniel Miller]
For instance, TerraForm Power Inc. (NASDAQ:TERP) is easy to miss because it operates in what’s still something of a niche: owning renewable energy projects and selling the electricity to utilities and industrial users. Then you have Stanley Black & Decker, Inc. (NYSE:SWK), the company behind a handful of relatively well-known tool brands but not one that’s widely known among investors. It can get even more obscure, like Petmed Express Inc. (NASDAQ:PETS), the online pet pharmacy that’s certainly not a household name for most people and certainly not investors.