Beware of a trend reversal. ADBE rates as a Strong Buy according to 22 analysts with 1 Moderate Buy rating, 6 Hold ratings and 2 Strong Sell ratings. Implied volatility is 44.28% which gives ADBE an IV Percentile of 93% and an IV Rank of 84.96%.
Will Adobe (ADBE) report earnings on June 13th?
Adobe ( ADBE) is due to report earnings after the market close on June 13th. The Barchart Technical Opinion rating is a 100% Sell and ranks in the Top 1% of all short term signal directions. Long term indicators fully support a continuation of the trend. The market is in highly oversold territory. Beware of a trend reversal.
Why is ADBE trading at a historically low valuation?
The company’s forecast suggests a deceleration in both earnings and sales growth, marking the third consecutive quarter of slowing earnings growth and the second straight quarter of slowing sales. This means that ADBE is trading at a historically low valuation relative to its earnings.
