Adobe Company profile
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Formerly known as Adobe Systems, Adobe Inc. (ADBE) is one of America’s largest software developing companies. The business delivers a range of services and products for various customer segments, from designers to professional developers. Its business portfolio includes some of the world’s most popular programmes, such as Adobe Photoshop and Acrobat Reader.
Headquartered in San Jose, California, Adobe Inc. has over 22,600 employees working across the world, including offices in Canada, Mexico, Brazil, China, Japan, Korea, India, Australia, France, Italy, Germany and the UK.
Adobe shares are traded on the NASDAQ stock exchange under the ticker symbol ADBE. The company is a constituent of the US Tech 100 Index, the S&P 100 Index and the S&P 500 Index.
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Adobe can trace its roots back to 1982, when John Warnock and Charles Geschke founded the company after quitting Xerox (XRX) PARC to develop and sell the PostScript page description language. Among the many major landmarks in the firm’s history are the introduction of PDF and its Adobe Acrobat software in 1993; the acquisition of its main rival Macromedia in a stock swap in 2005, and the release of Adobe Media Player in 2008.
Presently, the company’s activity is split into three segments: Digital Marketing and Print, Digital Media, and Publishing. The Digital Media highlight product is Creative Cloud, a service that allows users to update Adobe Photoshop, Adobe Illustrator and almost all other creative products developed by the business. The company dominates the market with programs like Photoshop and Illustrator – and with the move to cloud, this dominance is translating into growing revenue.
Adobe’s usage statistics are staggering. Over 200 billion PDFs are opened every year in Acrobat and Acrobat Reader, and Adobe Experience Cloud processes over 155 trillion transactions each year.
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Adobe went public on NASDAQ in August 1986, offering its stock at around $11 per share. However, if you take a look at today’s split-adjusted ADBE stock chart, the price at the time of its IPO is $0.17 per share. In total, the stock has split at a 2-for-1 ratio six times.
On June 1, 1999, Adobe share value stood at $9.06. Over a period of 18 months, the software company's stock rose four and a half times in value, trading above $41 per share in November 2000. However, over the next 21 months, all of those gains were erased. The stock dropped as low as $8.35 per share by August 2002.
Ever since, with the exception of short-lived negative fluctuations, ADBE stock price has been on a strong upward trajectory, rising as high as $383 on February 19, 2020.
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