Here's Why Adobe Stock Declined by 26% in 2024

Shares in digital media technology company Adobe (NASDAQ: ADBE) declined by 25.5% in 2024, according to data provided by S&P Global Market Intelligence. Frankly, this needs some explaining because it's not often that a company loses a quarter of its value after handily beating its initial full-year guidance.Let's start by looking at full-year 2024 performance versus the guidance given at the start of the year. As a reminder, Adobe's financial year ended on Nov. 29, 2024. As you can see below, Adobe beat on all its key metrics and, notably, its core digital media net new annualized recurring revenue (ARR). This key metric indicates its future growth in earnings and cash flow.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool