NASDAQ data is at least 15 minutes delayed. NYSE and AMEX data is at least 20 minutes delayed. Real time prices by BATS. Delayed quotes by FIS. Visit to get our data and content for your mobile app or website. Visit Performance Disclosure for information about the performance numbers displayed above. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough May 15, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. The long-term earnings growth rate for AME is currently projected at 8.95%. Its long-term earnings growth rate is presently projected at 23.02%.ĪMETEK shares have increased by 10.2% in the year-to-date period. NVIDIA shares rallied 173.8% in the year-to-date period. The long-term earnings growth rate for PANW is currently projected at 31.5%. Palo Alto Networks shares have gained 65% in the year-to-date period. You can see the complete list of today’s Zacks #1 Rank stocks here. While Palo Alto Networks and NVIDIA sport a Zacks Rank #1 (Strong Buy) each, AME carries a Zacks Rank #2. Some other top-ranked stocks in the broader technology sector are Palo Alto Networks ( PANW Quick Quote PANW - Free Report), NVIDIA ( NVDA Quick Quote NVDA - Free Report) and AMETEK ( AME Quick Quote AME - Free Report). Zacks Rank & Other Stocks to ConsiderĬurrently, Adobe carries a Zacks Rank #2 (Buy). Growing prospects in this market are expected to instill investor optimism in the stock.Īdobe has gained 42.3% on a year-to-date basis, outperforming the industry’s growth of 37.9%. We note that all these endeavors are likely to strengthen Adobe’s presence in the booming generative AI space.Īccording to a report from The Brainy Insights, the market for generative AI is expected to reach $188.62 billion by 2032, seeing a CAGR of 36.1% between 20. Moreover, the innovative Sensei GenAI services will now be integrated across Experience Cloud applications like Customer Journey Analytics, Experience Manager, Journey Optimizer and Marketo Engage. Notably, Sensei GenAI services are now capable of aiding a co-pilot for marketers and other customer experience teams to boost productivity. The latest Firefly-Illustrator integration boosts Adobe’s generative AI efforts.Īpart from that, the company recently announced generative AI innovations in Adobe Sensei GenAI at Adobe Summit EMEA 2023. Also, net new annualized recurring revenues (ARR) in the Digital Media segment are projected to be $420 million. Creative ARR was $11.3 billion.įor second-quarter fiscal 2023, Adobe expects Digital Media revenues in the range of $3.45-$3.47 billion. Further, Creative Cloud generated $2.76 billion in revenues, up 8% year over year. In first-quarter fiscal 2023, the segment generated revenues of $3.4 billion, which improved 9% on a year-over-year basis. The latest move has bolstered the company’s Creative Cloud offerings, which, in turn, are likely to aid the performance of the Digital Media segment in the days ahead.
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