AI-first annualized recurring revenue grew more than 150% year over year, and Adobe raised its full-year revenue and non-GAAP EPS targets on the back of it. That is the answer bears wanted on AI monetization, arriving the same quarter Adobe named Anil as Shantanu Narayen's successor.
Latest Activity
- ADBEAdobe Inc. - Common Stock (ADBE)Partial sell$15K – $50KAug 14
- ALCHern Family Foundation Alcon Inc. Ordinary Shares (ALC)Sell$1K – $15KAug 5
- BUDKevin Hern Traditional IRA Anheuser-Busch Inbev SA Sponsored ADR (BUD)Sell$1K – $15KAug 18
- BIIBKevin Hern Traditional IRA Biogen Inc. - Common Stock (BIIB)Sell$1K – $15KAug 18
- BABoeing Company (BA)Sell$1K – $15KAug 13
- BABoeing Company (BA)Sell$15K – $50KAug 13
- CANADIAN CNTY OKLA EDL FACS AUTH EDL 3.00000% 09/01/2029Buy$100K – $250KAug 24
- CARRCarrier Global Corporation Common Stock (CARR)Sell$1K – $15KAug 14
Hern sold across 28 equity positions in August, from Adobe and Boeing to Microsoft and Home Depot, and put $100K to $250K into an Oklahoma municipal bond instead. That is a wholesale rotation out of stocks and into tax-free paper by a Ways and Means member now running for Senate, disclosed 27 days later.
ADBE Coverage
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Live: Will Adobe’s Q3 Earnings Tonight Turn the Tide for Software Stocks?
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