Investment

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Adobe And Oracle Rise

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Adobe ($ADBE@US) was trading higher Friday, likely in sympathy with Oracle ($ORCL@US), which was making new all-time highs after reporting better-than-expected financial results, increasing its share buyback, and declaring a quarterly dividend. Oracle reported quarterly earnings of $1.21 per share, which beat the estimate of $1.11 per share. The company reported quarterly revenue of $10.36 billion to exceed its estimate of $10.21 billion. Oracle is an American multinational computer technology corporation headquartered in Austin, Texas. Adobe provides content creation, document management, and digital marketing software and services to creative professionals and marketers. Market cap for Oracle is $280 billion with an average trading volume of about 10 million shares in contrast to Adobe with a market cap of about $311 billion and an average volume of about 2.5 million shares. Adobe has traded as high as $699.54 and as low as $420.78 over a 52-week period and was up 2.63% at $649.27 at time of publication. Oracle’s 52-week range is from $59.74 to its high of $102.63 on Friday.

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