Adobe Stock Plummets 10%, Its Second-Worst Day In Past Decade (cnbc.com) 32
Adobe shares plummeted 10% on Thursday after the software maker issued a revenue forecast for the fiscal first quarter that fell well shy of analysts' estimates. CNBC reports: The stock suffered its second-worst drop in the past decade, surpassed only by a 15% slide in mid-March of last year, when coronavirus panic rattled the markets. Adobe's three worst days of the year have come in December, pushing the stock down 16% for the month and putting it on pace for its steepest monthly decline since June 2010. Adobe said revenue in its fiscal first quarter, which goes through Feb. 2022, will be $4.23 billion, trailing analysts' predictions for revenue of $4.34 billion, according to Refinitiv. For the full year, Adobe expects sales of $17.9 billion, which is below analysts' average estimate for revenue of $18.16 billion.
In the fourth quarter, Adobe said revenue climbed 20% to $4.11 billion, which beat estimates, led by 21% growth in the company's digital media segment. However, inflation and concerns about interest rates have led investors to put 2021 behind them and focus more on the coming year. That's drawn them out of high-growth, high-multiple stocks and into sectors that are generally viewed as more resistant to inflationary pressures and rate hikes. [...] Adobe fell $64.24 to $566.09 at the close. The stock is down 19% from its 52-week high last month.
In the fourth quarter, Adobe said revenue climbed 20% to $4.11 billion, which beat estimates, led by 21% growth in the company's digital media segment. However, inflation and concerns about interest rates have led investors to put 2021 behind them and focus more on the coming year. That's drawn them out of high-growth, high-multiple stocks and into sectors that are generally viewed as more resistant to inflationary pressures and rate hikes. [...] Adobe fell $64.24 to $566.09 at the close. The stock is down 19% from its 52-week high last month.
So what if the stock price does down? (Score:3, Interesting)
I've never understood worrying about this. Companies do not make money due to the stock price, they make it from selling products and services.
Which would you rather own or work for: a company making outrageous profits and a bottom barrel stock price, or a company running at a loss but with a sky high stock price?
Yeah, that's what I thought.
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Anyone that needs color managed raster images or page layout that goes to PDF in a way that will print consistently printer to printer.
Though PDF is an open standard (I think), the reality is what Adobe does is the de facto standard, and other company's PDF generation can be a little janky on a printer's RIP.
15 minutes of billed time / month is a very very low cost to be able to save time and money on the print side.
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Nobody pays for it, the only thing that they have that's actually working OK is the PDF reader. If they just could understand that if I close a sidebar I don't want it re-opened on the next doc.
Their remaining products are now more of interest for large corporations that don't want to go open source or use other cheaper alternatives because company policy. But they also went into a side show as soon as Flash went away - you don't need the Adobe software to do what's left, you can use whatever else there is
Re:Live by the Fed, die by the Fed? (Score:4, Insightful)
They got a big bump when they switched to subscription.
I worked at a small print shop, we slowly transitioned to the "cloud" product (I put it in quotes because it's local software that they call cloud). The company saved money for the first 18 months (it was going to cost 18 months of subscription to upgrade a desktop to the newest version), but now that it's monthly the cost is about 20% more that what it would have cost to stay up to date with the old model, ot 30% more than the company was paying to skip every other version.
The company eliminated its piracy too, because 5 workstations * $1,200 was a real cost that had to be planned for, but $250, month is not so bad (funny how that worked).
The transition to subscription definitely gave them a few years of a lot of year on year growth.
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Can only get so much milk from the cow (Score:2, Insightful)
Once Adobe moved to subscription licensing they knew they could really get a good revenue stream from people. After all, why pay once when you can keep paying year after year?
However, with the (slow) rise of competitors whose products can do pretty much the same thing (except for Photoshop), people are wising up and getting off the "bleed them dry" merry go round.
With a little more effort, Adobe's products can become less used which will really put a hurt on their revenue and earnings.
Re: Can only get so much milk from the cow (Score:5, Informative)
Serif's Affinity Photo, Designer and Publisher products are pretty good replacements, purchasable, and affordable.
It's almost as though Serif is paying attention to its business.
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Affinity is what I use. I dropped Adobe about 3 years ago. They are capable Adobe replacements. However for technical diagrams, I still have to resort to Visio when I want to use my library of scripted up smart shapes. I'm waiting for some other product (preferably Affinity Designer) to effectively copy Visio smart shapes. It's not like they're still patented or anything. They've been in Visio for a long time.
Re: Can only get so much milk from the cow (Score:2)
I realize you're probably on a PC, but Omnigraffle is a great Visio alternative on MacOS. Lots of community template support, too.
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I have a Mac laptop and a desktop PC. I use affinity on both. I have Omnigraffle, but never really got along with it. Perhaps I should give it another go.
Re: Can only get so much milk from the cow (Score:2)
It uses the stupid Apple "always save and revert if you didn't mean that" document model (like an iphone, for fucks sale), but otherwise hard to fault it.
I've done program flows, and a wall-sized highly-detailed journey map with it. It's really good, but you kind of have to have a project on deadline to bond with it, I think.
It's got infinite canvas, which I really like (you can limit the canvas if you want to). It's got automated connecting lines, starter templates, online templates, all the stuff you'd ex
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I just took a look and I can't find a way to script objects.
My visio library has arrows for bus and signal diagrams that you can stretch while not deforming the arrowheads and the bus arrows can abut as a t-junction and the crossing line gets erased automatically and it all stays on grid. I have a timing diagram library with edges you can drag around with text inserts that fit with the trace height. I have a library of electrical and logic symbols with configurable ports.
It looks like Omnigraffle cannot do
Re: Can only get so much milk from the cow (Score:2)
https://omni-automation.com/ [omni-automation.com]
The application is probably scriptable with AppleScript as well as JavaScript, but the automation site describes a JavaScript API.
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Really?
What even vaguely approaches InDesign that's OSS?
Commercial even I'm skeptical, but that's more likely a matter of taste.
The real strength that they have though is that Acrobat is effectively the standard for PDF, using InDesign and Acrobat is far likelier to give the intended output vs any other solution I've seen (when it comes to transparency, and raster and vector color management).
1 file that takes an extra 30 minutes to get printing right a month pretty much eats the entire savings of not payin
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Almost everything artists want to do with Photoshop is done and faster with Krita. Artists buy/rent/steal for exactly one reason: lock-in. Not because it's a great way to make art.
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Almost everything artists want to do with Photoshop is done and faster with Krita. Artists buy/rent/steal for exactly one reason: lock-in. Not because it's a great way to make art.
Then artist's won't mind when we steal their work.
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"We" meaning "we scumbags" I presume. For your information, Krita is free.
overpriced zombie (Score:3)
Adobe seems to be in full zombie mode. I don't want a subscription and I don't want Adobe's cloud - so Adobe has nothing to offer me.
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I avoid cloud-crap as well if I can.
And there are so many Adobe alternatives (I'm talking about Photoshop here) out there that are free, cheaper, and aren't cloud-connected subscription programs.
I loved Lightroom but the non-cloud version doesn't work on my M1 Mac. I haven't found an alternative that I like yet, which kinda sucks.
Most home & casual users that run Windows would be completely satisfied with the editing capabilities of Paint.net. It has layers and many of the basic and most useful tools t
Ouch.. (Score:3)
I refuse to rent subscription software (Score:3)
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Guess I know what happended! (Score:2)
When many stock traders were in a head to head trading combat needing to make QUICK decisions on a seconds to one minute time scale, in a situation fighting for many billions of pennies against skynet's bot army, many needed to open, view, search and compare PDFs QUICKLY to gather information for their crucial next move,
when they realized that there is nothing to be done QUICKLY with ADOBE ACROBAT (PRO)
and in the end losing many billions of pennies due to the utter lack of performance when using Adobe Acro