Adobe Systems Inc. (ADBE) was a big mover last session, as the company saw its shares rise by nearly 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply on Friday from the near-flat trend of $53.99 to $57.35 in the past one month time frame.
In the past 30 days, there have been no estimate revisions but the company’s Zacks Consensus Estimate moved lower, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Adobe currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Other better-ranked computer software stocks that are performing well at current levels include Microstrategy Inc. (MSTR), Interactive Intelligence Group Inc. (ININ) and Manhattan Associates, Inc. (MANH). All these stocks carry a Zacks Rank #1 (Strong Buy).
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