Topic: How To Invest

Power Growth Investor Hotline – Friday, August 27, 2021

Article Excerpt

ADOBE INC., $658.52, is a buy. The company (symbol ADBE on Nasdaq), operates through three main segments: The Digital Media segment produces a suite of software that includes Adobe Photoshop and Adobe InDesign. The Digital Experience segment provides analytics, social marketing, targeting, media optimization, and cross-channel campaign management software; it also offers premium video delivery. The Publishing segment produces software that lets computer users create, edit and share documents in the popular PDF format; it offers software to develop web applications. Adobe is now acquiring privately held Frame.io, a maker of video collaboration software. The purchase price is $1.3 billion in cash. Frame.io will bring more functionality to Adobe’s creative cloud software suite, which includes Adobe Photoshop and Illustrator. Adobe says that it wanted to buy New York-based Frame.io after it realized that its customers were using it with Adobe’s suite of products. Adobe considered building its own tools to make it easier for teams to edit video together, but ultimately decided to buy…