Adobe Systems (ADBE) Surpasses Market Gains with 1.23% Rise Amid Earnings Expectations

Adobe Systems (ADBE) closed at $326.79, a 1.23% increase from the prior day, outpacing the S&P 500's 0.3% gain. The software maker's stock has fallen 3.74% in the past month, lagging the Computer and Technology sector's loss of 1.02% and the S&P 500's loss of 0.06%. Adobe's upcoming earnings report is projected to show year-over-year growth of 12.06% and a revenue of $6.1 billion. The Zacks Rank system has ranked Adobe Systems as a #3 (Hold), with a Forward P/E ratio of 13.72 and a PEG ratio of 0.97.