Many designers and photographers choose Adobe Systems products to assist them in their creativity. This company offers a big number of programs for editing photos, creating videos, and other activities. This American developer is a very popular brand and one of the largest software companies worldwide.
Moreover, this famous company is the owner of the PDF file format, which gives the ability to use various text files with different graphics and Java scripts. Also, one more brainchild of the Adobe Systems company is the TIFT image format.
The American software company was founded in 1982 and started its path with producing printers. Adobe Systems was founded by John Warnock and Charles Geschke. After finishing Xerox projects, the professional programmers decided to create their own company – Adobe Systems. In the beginning, it was a family business. After some time, the company attracted the attention of Steve Jobs. This is why the powerful Apple Company decided to order software from this software development company and after that Apple acquired 19% of the Adobe System’s shares which were $2.5 million.
Annually, the American software developing company earns more than $4 billion. Which is why the shares of this popular company are steadily growing. As of July 30, 2019, one share of the Adobe Systems company costs $307.22.
The worldwide famous software developing company Adobe Systems reported the growth of quarter revenue by 25%. The reports say that the company during the 2018 year earned $2.72 and $9 billion. But, for some reason in March, the company’s shares reduced in price.
The Forex analysts state that nowadays the shares of the Adobe Systems company are worth of buying. They predict the growth in the software company’s revenue in the next 10 years by 20% annually.
But, unfortunately, there are some analysts that think that the company’s shares are being overvalued. They assume that actually, the company’s securities are a lot cheaper then others consider them to be.
Some experts of Wall Street say that Adobe Systems’ shares will increase in the value to $1.88 per share. So if to take this into account, the company’s revenue will be more than $2.6 billion in the next quarter.
At the beginning of this year, the securities of this famous company were added to the S&P100 indices. Based on this fact, we can state that the shares of Adobe Systems have substantially increased in price.
The top Forex analysts advise purchasing the securities of the Adobe Systems brand. They will be a great asset to your investment portfolio.