ADBE – Market expectations are for record Uniform ROA expansion, and management is confident in their Digital business segments, new marketing tools, and Cloud extensions

• Adobe Systems Incorporated (ADBE:USA)currently trades near peak historical valuations relative to UAFRS-based (Uniform) Earnings, with a 34.6x Uniform P/E, implying bullish expectations for the firm. Additionally, management is confident in their Digital Media and Digital Experiences business, refined marketing targeting applications, and the stock as a service Creative Cloud extension
• Specifically, management is confident that their execution is driving strong financial results across their Digital Media and Digital Experiences businesses. Additionally, they are confident that they are bringing more refined targeting options for markets to linear and addressable TV, and that the customer wants access to PDF files across all of their devices. Moreover, they are confident that they are seeing accelerated adoption of their Digital Experience products since being delivered on Azure, and that the real activity for Magento will be doing A/B testing and delivering content. They are also confident that they continue to be excited about their development of stock as a service as an extension of the Creative Cloud