Adobe shares surge 15% for sharpest rally since 2020
Publishing timestamp: 2024-06-14 17:00:03
Summary
Adobe reported revenue and earnings that beat analysts' estimates, causing its stock to jump 15% - its biggest rally since the beginning of the Covid-19 pandemic. CEO Shantanu Narayen credited the company's success to its innovative product delivery and approach to AI. Despite challenging economic environment and increased competition, analysts remain optimistic about Adobe's future growth potential.
Sentiment: POSITIVE
Tickers: ORCL, PJC, PATH, S, ADBE, GOOGL, CRWD, MDB, CRM,
Keywords: shantanu narayen, crowdstrike holdings inc, salesforce inc, piper jaffray companies, software, software development, alphabet inc, oracle corp, mongodb inc, breaking news: technology, earnings, business news, adobe inc, technology,
Source: https://www.cnbc.com/2024/06/14/adobe-shares-surge-and-head-for-sharpest-rally-since-2020-.html