2024-04-20 16:00:00 ET
Summary
- ADBE's strategic shift from one-time perpetual license to a subscription-based business model in 2011 has contributed to its double-digit growth over the past decade.
- With a global market share of over 80%, it is unsurprising that certain platforms are almost synonymous to the company, including Adobe Photoshop and Adobe Acrobat Pro - PDF.
- Despite the softer FQ2'24 earning guidance, ADBE's core consumers remain highly sticky, as observed in the growing multi-year backlog and Annualized Recurring Revenues.
- The recent market over-reaction has triggered an opportunistic entry point for investors looking to add for long-term capital appreciation.
The ADBE Investment Thesis Is Even More Attractive After The Recent Pullback
Adobe (NASDAQ: ADBE ) along with Autodesk ( ADSK ) are two stocks that does not require an introduction indeed, given that I am a licensed architect with nearly two decades of cumulative education and experience.
With ADBE offering a well diversified SaaS offerings across photo, design, and video applications commonly used in the enterprise and commercial markets, it is unsurprising that certain platforms are almost synonymous to the company, including Adobe Photoshop and Adobe Acrobat Pro - PDF....
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Adobe: Buy Its Pullback, Moat Remains Unchallenged