Adobe makes a savvy acquisition

Article Excerpt

ADOBE INC., $661.08, is a buy. The company (Nasdaq symbol ADBE; TSINetwork Rating: Average) (www.adobe.com; Shares o/s: 476.4 million; Market cap: $307.3 billion; No dividends paid) is now acquiring privately held Frame.io, a maker of video collaboration software. The purchase price is $1.3 billion in cash. The rapid growth of video on social media has spurred demand for products that make it easier to edit video in real-time. Adobe’s video customers, from small businesses to schools and the biggest corporations, all want to create more video on more platforms. That’s why more tools—like those of Frame.io—are key to remaining at the forefront of this growth. Adobe Inc. is a buy. buy…