These tech stocks have hit new highs

Article Excerpt

In addition to Alphabet, we also like the outlook for these three tech leaders. However, after their recent price gains, only two are buys. ADOBE SYSTEMS INC. $104 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 497.2 million; Market cap: $51.7 billion; Price-to-sales ratio: 9.4; No dividends paid since June 2005; TSINetwork Rating: Average; www. adobe.com) makes software that lets computer users create, edit and share documents in the popular PDF format. Graphic designers also use its programs to create print publications and webpages. The company recently agreed to pay $540 million for TubeMogul Inc. (Nasdaq symbol TUBE). Adobe expects to complete the purchase in early 2017. TubeMogul specializes in video advertising. Its products let advertisers and advertising agencies better plan the placement, purchase and optimization of their online advertising. TubeMogul uses data gathering to place video ads on websites that an individual consumer trusts and regularly visits. That means a web ad can follow a consumer as he or…