business / news / / Benzinga
Adobe’s board of directors approved a stock repurchase authorization allowing the company to buy back up to $25 billion in common stock through April 30, 2030.
Adobe's board approved a $25 billion stock buyback authorization running through April 2030.
KEY POINTS
- Adobe's EPS estimate for Q2 is 540 cents, up from the previous 506 cents estimate.
- Benzinga Edge rates Adobe's quality strong, but value and momentum are rated weak compared to peers.
- Adobe comprises over 4% of IGV and MRAD ETF holdings, affecting stock flows with ETF inflows or outflows.
COMPANIES
Summarized by Newsio from Benzinga. How we summarize →