Here in this article, we take a look at two giant Software Stocks, namely, Fireeye Inc (NASDAQ FEYE) and Adobe Systems Inc (NASDAQ ADBE). Both are leaders in the Application Software space and have looked well in the past. Here we speculate about what we may see from the two in the near future.
FireEye, Inc. (NASDAQ: FEYE), the leader in stopping advanced cyber-attacks, announced it will release financial results for the second quarter of 2014 on Tuesday, August 5, 2014 after the close of the U.S. markets. FireEye will host a conference call the same day at 5:00 p.m. ET (2:00 p.m. PT) to discuss the results.
Adobe Systems Incorporated (NASDAQ:ADBE) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and growth in earnings per share.
Software Stocks: FireEye Inc (NASDAQ FEYE) and Adobe Systems Inc (NASDAQ ADBE)
Adobe’s strengths outweigh the fact that the company has had somewhat disappointing return on equity. Adobe Systems Incorporated (NASDAQ ADBE) has traded 1,853,200 shares and its share price increased -0.18% to the closing price of $71.70. Company market capitalization is 35.66 billion. Adobe Systems Incorporated (NASDAQ ADBE) quarterly performance is 12.98% while its year to date (YTD) performance is 19.74%.
On the other hand, Fireeye ,this Year, has an Earnings per Share (EPS) growth of 18.90% and next year’s estimated EPS growth of -1.79. Clearly, the stock would be affected by the second quarter results which are to be announced early next month.
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Both the stocks, Fireeye and Adobe Systems, look set for a better time on the stock market in the coming months. With the Application Software companies finding more and more market, this should not come as a surprise. While the general consensus remains positive, only time will tell if the stocks do live up to the expectations.
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