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Adobe managed a decent result in the last quarter meeting the revenue expectations of Wall Street and managing an earnings beat. The company delivered 15% growth in the top-line for the 2022 fiscal with $17.61 billion in revenue. Its solid performance in the turbulent macroeconomic climate highlights the crucial role that its goods play in a world dominated by digital technology. Given the fact that the need for digital content is increasing across all customer segments, innovative and media cat
Companies: ADOBE SYSTEMS (ADBE:NYSE)Adobe Inc. (ADBE:NAS)
Baptista Research
Adobe has witnessed a particularly robust demand over Experience Cloud, Document Cloud, and Creative Cloud. This resulted in the company delivering another quarter of robust financial results surpassing Wall Street expectations on all counts and generating more than $2 billion in operating cash flow. Adobe is winning in its established business and is viewing significant momentum in innovative categories. The categories include content authoring for a wide base of creators, PDF functionality pro
As a result of the rapid adoption of digital technologies, Adobe’s relevance has increased with content and creativity becoming more important than ever. While the stock price of the company has taken a beating like most other tech stocks coupled with the slower-than-expected growth of the Creative Cloud, its long-term outlook remains positive. Individuals, solopreneurs, and small business owners are increasingly adopting Adobe’s offerings to monetize their passions, products, and services thank
The electronic signature market has accelerated after the Covid-19 induced tailwinds and market leader, DocuSign has continued to stay on top despite strong competition from a behemoth like Adobe. Both companies have their fair share of positives and it is interesting to place them side-by-side and evaluate their financial performance. It would also be interesting to look at the key competitive advantages that both, DocuSign and Adobe hold, which are making them such strong forces, not just in t
Companies: ADBE ADBE DOCU D1OC34
Adobe had another outstanding year in 2021, with revenues crossing over $1 billion in each segment for the first time with 23% year-over-year growth. The company launched Creative Cloud Express to provide a useful tool for creative expression of ideas on a digital interface. This innovative platform marks the beginning of a whole new path to expose first-time creators to Adobe creative tools while also providing tremendous value to all of their current Creative Cloud subscribers. The company als
Joiners No joiners today Leavers No leavers today What’s cooking in the IPO kitchen? Trinistar Liverpool S.a r.L announces its potential listing of a newly formed single asset company which will own the Capital Building in Liverpool on the IPSX. Upon admission the Company would become a real estate investment trust (REIT). The Capital Building occupies close to a 3.5 acre freehold site in the centre of Liverpool’s business district; the building comprises c425,000 square feet of predominantly of
Companies: ADBE ADBE SYM FRAN ARC DCTA AVCT OSI CMCL
Hybridan
Adobe has experienced another outstanding quarter because of global digital transformation. In the second quarter, its revenue grew by $3.84 billion indicating a staggering 23% year-over-year growth. One of the biggest drivers of Adobe’s recent revenue growth in its Digital Media business in both Creative Cloud and Document Cloud, achieving $2.79 billion in revenue, representing 25% year-over-year growth. Furthermore, its net new Digital Media Annualized Recurring Revenue (ARR) grew by $518 mill
Research Tree provides access to ongoing research coverage, media content and regulatory news on Adobe Inc.. We currently have 0 research reports from 5 professional analysts.
Journeo has confirmed record results for FY23A, in-line with recent upgraded expectations across the board. FY23A revenue increased significantly by 118% to £46.1m (including 20% organic growth) and Adj PBT increased 270% to £4m, representing a near doubling of the Adj PBT margin. Journeo has positioned itself for a period of sustained growth following the transformational Infotec acquisition, the bolt-on MultiQ acquisition and ongoing R&D in the existing business. Journeo looks compelling on an
Companies: Journeo plc
Cavendish
Craneware is the market leader in value cycle SaaS provision in the US with a 40% market penetration and the ambition to become ubiquitous in US hospitals. The shackles of Covid disruption, digestion of the Sentry acquisition, and the transitioning of its customers to the fully cloud based Trisus platform, have fallen away and opened up new sales opportunities for the group. While the shares have out-performed strongly, multiples look reasonable compared with peers. We calculate a DCF based fair
Companies: Craneware plc
Capital Access Group
In 2023, the company delivered strong 13% organic constant currency revenue growth and Adjusted EBITDA in line with expectations, even after including one-off inventory provisions.
Companies: Big Technologies PLC
Zeus Capital
Companies: CML Microsystems Plc
Shore Capital
Companies: FOG PEB KBT EMR TIME GETB JNEO
The trading update confirms revenues in line with our expectations. Excess inventory flow through and market softness in China have impacted CML’s core business, but Microwave Technologies Inc (MwT) is performing ahead of expectations. The net effect, along with MwT acquisition related costs, is that Reported PBT and EBITDA are to be lower than expectations, but not substantially so. The long-term investment case is founded upon the opportunity in next-generation wireless and, with £18m cash and
Progressive Equity Research
Companies: Nanoco Group PLC
Turner Pope Investments
Nanoco, the world-leading provider of cadmium-free Quantum Dot technology, has reported positive 1H24 results, and stated that FY24 performance is expected to be in-line with market expectations. We reiterate our FY24E forecasts. Operationally, the company has achieved strong progress over the past six months, and the interims statement includes further progress on the company’s next-generation revenue programmes being implemented post period end. We maintain our 60.2p price target.
GetBusy’s FY23 results show organic revenue growth of +10% to £21.1m, FY23 adjusted EBITDA +£0.1m ahead of our +£0.3m upgrade at the January trading update, and a promising outlook that leads us to reiterate our FY24E forecasts. At constant currency, ARR grew +10% yoy to £20.5m, recurring revenue grew +12% to £20.3m, and net revenue retention of 100.0% per month reflects upselling and price increases, with gross monthly churn of 0.8% per month vs 0.9% in FY22. Within SmartVault, the July 2023 la
Companies: GetBusy Plc
Companies: PMG DUKE CMCL BOOM
Companies: FOG TND BVXP ACC HDD
Broadcast playout automation solutions provider Pebble Beach has reported confident FY23 results to Dec 2023 in line with updated January trading update expectations, and has announced the much-anticipated Project Oceans will launch as PRIMA (Platform for Real-time Integrated Media Applications) in April 2024. This underpins a mid-term 80% recurring revenue ambition and expansion in addressable market. FY23 delivered +11% revenue growth to £12.4m, which benefitted from the unwind of defensive in
Companies: Pebble Beach Systems Group PLC
Companies: LPA SOLI NANO QTX
Sondrel has announced it has secured an additional £2m convertible loan note with ROX Equity Partners to fund near-term payroll and working capital needs. The terms are similar to the ones agreed for £0.9m CLN in Feb 2024 with a 15% interest rate, a three-year repayment term, and is expected to convert into ordinary shares at 10 pence each. The proposed fundraise that is open to existing shareholders has now increased from £6.5m to £8.5m (including the proceeds from the CLNs), with a subsequent
Companies: Sondrel (Holdings) Ltd.
Companies: BILN IGP RBN SBTX
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