Adobe Announces CFO Mark Garrett Will Retire, Updates to Fiscal 2018 Guidance; Raising FVE to $213
On Monday, Jan. 22, wide-moat Adobe announced that longtime CFO Mark Garrett will be retiring from the company. Garrett will stay on until the firm has identified his replacement, marking an end to Garrett’s 11-year tenure as Adobe CFO. Adobe also provided updated first-quarter and fiscal-2018 financial guidance to reflect U.S. tax reform, lifting the firm’s fiscal 2018 adjusted earnings per share outlook by roughly 13% in the process. We are maintaining our wide moat rating for Adobe, and after...Adobe is a software company. The company provides a line of products and services used for creating, managing, delivering, measuring, optimizing, engaging and transacting with content across personal computers, devices and media. The company's segments are: Digital Media, which provides products, services and solutions that enable individuals, teams and enterprises to create, publish and promote their content; Digital Experience, which provides a platform and set of applications and services through Adobe Experience Cloud; and Publishing, which contains products and services that address market opportunities including eLearning solutions, web conferencing, web application development and printing.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.