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ADBE Adobe Inc

20.17
0.21 (1.05%)
21 Nov 2024 - Closed
Realtime Data
Name Symbol Market Type
Adobe Inc NEO:ADBE NEO Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.21 1.05% 20.17 19.51 20.96 20.27 19.75 19.75 7,209 21:55:00

Stocks to Watch: Adobe, Amtech Systems, Ocular Therapeutix

14/12/2023 12:07am

Dow Jones News


Adobe (NEO:ADBE)
Historical Stock Chart


From Nov 2023 to Nov 2024

Click Here for more Adobe Charts.

By Ben Glickman

 

Adobe issued fiscal first-quarter and 2024 revenue guidance below analysts estimates. The software maker also said it could face significant costs or penalties related to a Federal Trade Commission investigation into its disclosure and subscription cancellation practices. Shares fall 5.5% to $590 after-hours.

Amtech Systems warned of weaker demand for its products because of a continued downturn in the semiconductor industry. The semiconductor manufacturing equipment maker said it was looking to cut costs, including by reducing its workforce in areas of its business, and had entered a forbearance agreement with a lender. Shares were down 40% to $3.57 after-hours.

Ocular Therapeutix announced a proposed public offering of stock, the proceeds from which it plans to use to fund the development of one of its treatment candidates. The company didn't say how many shares it would sell in the secondary offering. Shares fall 15% to $3.33 after-hours.

 

Write to Ben Glickman at ben.glickman@wsj.com

 

(END) Dow Jones Newswires

December 13, 2023 18:52 ET (23:52 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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