Apr 19, 2006
Adobe Seen Tracking In-Line With Q2 Estimates
Source: Forbes
Written by Maya Roney
Piper Jaffray maintained an “outperform” rating on Adobe Systems, believing the company is well-positioned to improve revenue throughout 2006 and 2007 with the new products coming from its merger with Macromedia.
“We are focusing on the big picture with Adobe,” said analyst Gene Munster in a note to investors. “The company’s customers are healthy, the addition of Macromedia adds new avenues for product development, and Adobe’s standalone business is strong.”