ADBE

IBM shares tumbled Tuesday after the software giant posted preliminary results for the second quarter that disappointed. IBM CEO Arvind Krishna said some of IBM’s customers are pulling back as memory chips and server prices soar. IBM stock is getting hammered and dragging other software stocks down with it after the tech giant warned clients are pulling back spending. Shares of International Business Machines (IBM) plunged 25% Tuesday after CEO Arvind Krishna blamed a weakening software environment for disappointing preliminary results. The move single-handedly shaved over 400 points off the Dow Jones Industrial Average. Other software stocks also slid, with Salesforce (CRM), Adobe (ADBE), Intuit (INTU), and ServiceNow (NOW) each losing between 2% to 6%. (For more reporting from Investopedia on today’s market moves, click here.) Krishna said in a letter to investors that the tech giant “faltered” in the second quarter as some of IBM’s customers cut back on software to focus spending on servers and memory products which have seen prices soar in recent months. IBM’s warning could be taken as a discouraging sign for other software providers ahead of their earnings. IBM said Tuesday that it expects second-quarter revenue to come in at $17.2 billion, up 1% year-over-year but below the $17.8 billion analysts had been expecting, per Visible Alpha estimates. IBM said it will likely report earnings per share of $2.27, well below the $2.60 analysts called for, while adjusted EPS is seen coming in at $2.93, closer to the $2.98 analyst consensus. Investors will get the chance to hear more from IBM executives on the lackluster second-quarter performance and IBM’s outlook for the rest of the year when the company reports its quarterly results after the closing bell next Wednesday. With Tuesday’s slump, IBM shares have lost 27% their value since the start of the year, pulling back sharply from their record high at the start of June. This article has been updated since it was first published to reflect more recent prices and include the impact of IBM’s stock move on the Dow Jones Industrial Average. Read the original article on Investopedia

Investing.com -- Software stocks fell sharply Tuesday as disappointing preliminary results from IBM (NYSE:IBM) rippled across the sector, pulling shares of major software companies lower. "The IBM update will deliver a devastating blow to software/services stocks as investors will worry about the capex pivot negatively impacting the whole industry, but the race to secure hardware raises its own set of worries," Vital Knowledge analyst Adam Crisafulli said in a quick comment. Following IBM’s update, investors reacted sharply to the cooling sentiment in the broader software space: Accenture (NYSE:ACN): Fell 7% ServiceNow (NYSE:NOW): Dropped 8% Workday (NASDAQ:WDAY): Declined 9.7% Salesforce (NYSE:CRM): Slipped 6% Atlassian Corp Plc (NASDAQ:TEAM): Fell 8.3% SAP SE ADR (NYSE:SAP): Sank 5.5% Adobe NASDAQ:ADBE): Fell 6.1% The decline is rooted in a fundamental shift in enterprise capital expenditure (capex) caused by a global memory supply shortage. Here is why this dynamic is specifically hurting software stocks: Capex Reprioritization: IBM reported that, toward the end of June, its clients—facing a supply-constrained market—shifted their spending away from software and general-purpose IT to "lock in" hardware like servers, storage, and memory. Because memory prices have spiked—exacerbated by intense demand from AI data centers—enterprises are exhausting their budgets just to secure critical hardware. The AI Tax on Enterprise Budgets: The industry is currently experiencing a "structural" memory shortage. Hyperscalers and AI infrastructure providers are consuming the vast majority of high-bandwidth memory (HBM) and DRAM production. As a result, when enterprises do manage to secure hardware, they are paying significantly higher premiums, leaving less room in their annual budgets for software renewals, licensing, or new digital transformation projects. Short-Term Revenue Headwinds: Investors are concerned that this is not an isolated issue for IBM. If large enterprise clients are delaying software purchases to prioritize hardware inventory—a trend referred to as "capex reprioritization"—it suggests a near-term revenue slowdown for the entire software-as-a-service (SaaS) and consulting sector. IBM’s revenue of $17.2 billion missed the $17.86 billion consensus, with non-GAAP EPS of $2.93 falling short of the $3.02 estimate. Beyond the hardware buying shift, the compan...

Shopify Inc. is set to release its financial results for the second quarter of 2026, with the announcement scheduled for August 5 before market open. A conference call hosted by Shopify's management will follow to discuss the results, available via webcast on the company's Investor Relations website. This announcement aligns with Shopify's ongoing role as a provider of essential internet infrastructure for commerce, supporting millions of businesses worldwide. The upcoming financial disclosure is expected to offer insights into the broader e-commerce landscape. Shopify last closed at $119.22 down 2.2%. Shopify's AI-driven expansion and diverse revenue growth demand timely consideration for informed decisions. Click to explore the full narrative on Shopify's strategic positioning. Elsewhere in the market, Kalyan Jewellers India was trading firmly up 18.4% and ending the day at ₹443.00. Adobe finished trading at $220.94 down 0.3%. Amazon.com closed at $243.62 down 1%. This week, Amazon completed several fixed-income offerings, raising significant capital through corporate bonds with varying maturity dates and interest rates. Salesforce ended the day at $166.58 down 1.7%. Salesforce's Missionforce National Security platform now supports the U.S. Air Force's vehicle fleet management, enhancing global mission readiness with real-time data access and predictive analytics, announced 1 day ago. Dive into all 249 of the E-Commerce Stocks we have identified, like ID Logistics Group, Williams-Sonoma and Shanghai Jinjiang Shipping (Group), right here. Searching for a Fresh Perspective? The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 16 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive compa...

NEW YORK, June 25, 2026 /PRNewswire/ -- Fred Alger Management, LLC ("Alger"), a privately held growth equity investment manager, today announced the quarterly rebalancing of the Alger Russell Innovation Index ("Index"). Following the close of trading on Friday, June 26, 2026, the Index will be rebalanced, and the following changes will be effective. For additional information, please visit www.lseg.com. Unlock Your Growth Potential with AlgerFounded in 1964, Alger is recognized as a pioneer of growth-style investment management. Privately-owned and headquartered in New York City, Alger can help "Unlock Your Growth Potential" through a suite of growth equity separate accounts, mutual funds, ETFs, and privately offered investment vehicles. Alger's investment philosophy, discovering companies undergoing Positive Dynamic Change, has been in place for more than 60 years. For more information, please visit www.alger.com. Risk Disclosures: Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices tend to be higher in relation to their companies' earnings and may be more sensitive to market, political, and economic developments. This material is not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities. Alger pays compensation to third party marketers to sell various strategies to prospective investors. London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). © LSE Group 2026. FTSE Russell is a trading name of certain of the LSE Group companies. "FTSE®" "Russell®", "FTSE Russell®" are trade marks of the relevant LSE Group companies and are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company's express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication. View original content to download multimedia:https://www.prnewswire.com/news...

The Nasdaq Composite and S&P 500 Index were down in late-morning trading Tuesday, while the Dow Jone

NEW YORK, June 22, 2026 /PRNewswire/ -- Fred Alger Management, LLC ("Alger"), a privately held growth equity investment manager, today announced the quarterly rebalancing of the Alger Russell Innovation Index ("Index"). Following the close of trading on Friday, June 26, 2026, the Index will be rebalanced, and the following changes will be effective. For additional information, please visit www.lseg.com. Unlock Your Growth Potential with Alger Founded in 1964, Alger is recognized as a pioneer of growth-style investment management. Privately-owned and headquartered in New York City, Alger can help "Unlock Your Growth Potential" through a suite of growth equity separate accounts, mutual funds, ETFs, and privately offered investment vehicles. Alger's investment philosophy, discovering companies undergoing Positive Dynamic Change, has been in place for more than 60 years. For more information, please visit www.alger.com. Risk Disclosures: Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices tend to be higher in relation to their companies' earnings and may be more sensitive to market, political, and economic developments. This material is not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities. Alger pays compensation to third party marketers to sell various strategies to prospective investors. London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). © LSE Group 2026. FTSE Russell is a trading name of certain of the LSE Group companies. "FTSE®" "Russell®", "FTSE Russell®" are trade marks of the relevant LSE Group companies and are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company's express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication. View original content to download multimedia:https://www.prnewswire.com/new...

Adobe Inc. (NASDAQ:ADBE) was among Jim Cramer’s stock calls on Mad Money, as he highlighted worthy space players and reviewed several of this year’s IPOs. Cramer was disappointed with the company’s recently reported quarter, as he remarked: Photo by Adam Nowakowski on Unsplash Adobe Inc. (NASDAQ:ADBE) provides creative, document, and digital experience software. The company’s solutions are used to create, manage, and optimize digital content and customer experiences. Cramer discussed the company ahead of its earnings during the June 5 episode, as he said: While we acknowledge the potential of ADBE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News.

Adobe Inc. ADBE posted solid fiscal second-quarter 2026 results, with the top and bottom lines improving year over year and beating the Zacks Consensus Estimate. Record revenues and disciplined investments across the company drove bottom-line improvement. GAAP gross margin was 89.2%, expanding 10 basis points year over year.Shares of Adobe have lost 39.9% year to date, underperforming the industry, its sector, as well as the Zacks S&P 500 composite in the same time frame. ADBE shares are trading at a discount to their 52-week high. Adobe is a leading technology company offering personalized digital experiences through the infusion of artificial intelligence (AI) in its solutions. Image Source: Zacks Investment Research Shares of Alphabet GOOGL, a player from the AI and generative AI space, have rallied 18.2% year to date, while those of Salesforce CRM have lost 36.4% in the same time frame. Non-GAAP earnings of $5.96 per share beat the Zacks Consensus Estimate by 2.23% and increased 18% year over year.Total revenues were $6.618 billion, beating the consensus by 2.5% and increasing 13% year over year on a reported basis and 11% on a constant-currency basis. AI-first average recurring revenue (ARR) more than tripled year over year, surpassing $500 million.Adobe delivered record revenues in the reported quarter, driven by strong subscription bookings, revenue conversion and AI-driven demand across its customer groups. Total Adobe ARR at quarter-end was $27.1 billion, including approximately $480 million from the acquisition of Semrush.The adjusted operating margin was 44.5%, which contracted 100 basis points year over year.As of May 29, 2026, cash and short-term investments totaled $5.62 billion and long-term debt was $4.8 billion. Cash generated from operations was $2.16 billion in the reported quarter compared with $2.96 billion in the previous quarter. The company exited the quarter with approximately $27 billion remaining under its repurchase authorizations, including the new $25 billion authorization announced in April. For the third quarter of fiscal 2026, Adobe expects total revenues between $6.67 billion and $6.72 billion. Non-GAAP operating margin is expected to be 44%. Adobe expects fiscal third-quarter non-GAAP earnings between $6.05 and $6.10 per share.For fiscal 2026, Adobe now expects total revenues between $26.5 billion and $26.6 billion. Non-GAA...

ADBE trades at utility-like valuations, with a 10x forward P/E and a 0.675 PEG ratio, even though it posted 13% revenue growth last quarter. Adobe's AI-first ARR tripled year over year past $500 million, yet a surprise CFO departure sent the stock down 37% year to date. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Adobe didn't make the cut. Grab the names FREE today. Adobe (NASDAQ:ADBE) just delivered a record quarter, raised its full-year outlook, and watched its stock fall anyway. That gap between fundamentals and price action frames our thesis. The stock trades at $218.80 after a 15.33% one-week drop and a 37.48% year-to-date decline. Our 24/7 Wall St. price target for Adobe is $320.46, implying 46.46% upside over the next 12 months. Our model rates Adobe buy with 90% confidence. Adobe reported Q2 FY2026 on June 11, 2026, with record revenue of $6.62 billion, up 13% year over year, and non-GAAP EPS of $5.96, the fifth consecutive beat. AI-first ARR tripled year over year and exceeded $500 million, while total Adobe ARR hit $27.10 billion. Management raised the full-year FY2026 revenue range to $26.50 billion to $26.60 billion and non-GAAP EPS to $24.35 to $24.45. The stock still fell 6.25% on June 11. The market focused on the abrupt departure of CFO Dan Durn, announced just months after CEO Shantanu Narayen disclosed his own transition. Add a sector-wide software selloff (Autodesk dropped 5.4% the same day) and you get a stock 19% below its 52-week high of $405.00. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Adobe didn't make the cut. Grab the names FREE today. Our bull scenario points to $368.55, a 68.44% return. The driver is AI monetization. CEO Shantanu Narayen said, "Adobe delivered record revenue of $6.62 billion in Q2 reflecting strong AI-driven demand across our customer groups and we are raising our full-year fiscal 2026 revenue and non-GAAP EPS targets on the strength of that performance." The Business Professionals & Consumers segment accelerated 16% YoY, Semrush is contributing roughly $480 million in ARR, and operating cash flow hit $2.17 billion in the quarter. Investor Michael Burry has argued the market is underpricing Adobe, citing AI asset potential. Of 39 analysts, 15 rate Adobe a Buy or Strong Buy, with a consensus target of $329.33. Our bear scenario sti...

Adobe (ADBE) shares have inched lower in recent sessions as a sudden departure of the company’s CFO, Dan Durn, overshadowed its marketing-beating Q2 and raised full-year guidance. In the earnings release, management also signaled intent to prioritize user acquisition over recurring revenue, further denting sentiment in the near term. Micron Stock is Now Close to Fair Value, But Shorting 2-Week Puts Yield 7.0% SpaceX's First Full Week, FOMC and Other Key Things to Watch this Week Adobe CFO Quits to Join a Chipmaker. You Shouldn’t Quit ADBE Stock. Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Adobe stock is already down nearly 40% year-to-date, but the derivatives market seems to believe it could tumble further as the year unfolds. According to Barchart, the put-to-call ratio on contracts expiring mid-July sits at 3.41x currently, indicating a very strong bearish skew. The lower price on those options contracts is set at just over $191 at the time of writing, suggesting ADBE shares could crater by another 9% over the next four weeks. This bearish sentiment is substantiated by technicals: Adobe is currently trading firmly below its key moving averages (MAs), and an RSI in the early 30s points to intense selling pressure. In fact, Barchart currently holds a “100% SELL” rating on the software giant – reinforcing that momentum continues to signal further downside ahead. Adobe shares have been in a sharp downtrend this year primarily because investors aren’t entirely convinced that they’re well-positioned for the artificial intelligence (AI) era. Highly sophisticated, cost-efficient AI solutions from the likes of Anthropic or Canva, they believe, are eroding the giant’s core subscriber base. And its AI features, including Firefly, aren’t monetizing fast enough to offset this hit to the overall subscriber count. Moreover, ADBE’s long-time chief executive, Shantanu Narayen, has already announced plans to step down, and the board is yet to name a replacement. This leadership uncertainty — now including the imminent departure of the CFO as well — at such a defining moment is adding another layer of pressure to an already fragile narrative. Despite aforementioned concerns and the bearish options pricing, Wall Street hasn’t thrown in the towel on ADBE stock. While the consensus rating on Ado...

Adobe's (ADBE) solid quarterly results were overshadowed by the departure of its finance chief and l

Oracle ORCL shares were down following very strong quarterly results that showed impressive cloud momentum and steady customer diversification beyond OpenAI in its AI-centric backlog. The negative market reaction reflected its ever-rising capital intensity, with capex for the year raised once again, pushing Oracle’s free cash flows further into negative territory. Oracle plans to raise about $40 billion to fund its capex this year through a combination of debt and equity instruments, with dilution risk becoming a bigger risk for the stock. Management expects peak capex outlays through the following fiscal year, with the pace declining in the outer years as the installed base matures. Unlike the dramatic AI-driven acceleration in Oracle’s quarterly numbers, Adobe's ADBE report showed the company monetizing AI through higher engagement, greater user retention, and premium features, in contrast to many free competing offerings that lack enterprise controls, licensing protections, and workflow integration. Adobe shares have lost more than two-thirds of their value over the last two years, as many in the market are skeptical of the company’s ability to maintain profitability in the coming AI world. Uncertainty around leadership transition adds to these headwinds. The Oracle report was for its fiscal quarter ending in May, which we count as part of the June-quarter tally. We now have five S&P 500 members, including Oracle and Adobe, that have reported such fiscal May-quarter results. The others are Costco, AutoZone, and Lennar. By the time the big banks report in mid-July, we will have seen Q2 results from almost two dozen index members with fiscal quarters ending in May, including Jabil, CarMax, and Accenture this week. Looking at 2026 Q2 as a whole, total S&P 500 earnings are expected to increase by +22.2% from the same period last year on +10.9% higher revenues. The chart below shows Q2 earnings and revenue growth expectations in the context of growth over the preceding four quarters and what is expected over the next three quarters. Image Source: Zacks Investment Research The revisions trend remains positive, similar to what we experienced in the last two quarters as well. Aggregate earnings estimates for the S&P 500 index have steadily moved higher since the quarter got underway in April, as the chart below shows. Image Source: Zacks Investment Research Q2 ea...