For comparison, the company’s daily average trading volume is about 2.7 million shares. At the same time, some 1.5 million shares have changed hands so far. As a result, the company’s shares have fallen 6.4% as of Friday morning. Investors in ADBE stock have had their confidence shaken by the antitrust lawsuit reports. Based on those talks, the company expects the deal to close before the end of the year, Reuters notes. It argues that Adobe and Figma are in different product categories.Īdding to this, Adobe says it’s already in discussions with regulators in the U.S. These same reports claim the government may file this lawsuit as early as March.Īs for Adobe’s opinion on the reports, the company says there shouldn’t be trouble with regulators. Justice Department is preparing an antitrust lawsuit to stop the deal. Figma also shares live embed code snippets to paste an iFrame in third-party tools. Embedded Figma Files Provide Real-time Updating. may stand in the way of its $20 billion Figma acquisition.Īccording to reports, people close to the matter claim that the U.S. This form of selective sharing, from file down to frame, lets designers, product owners, and developers share exactly what is needed in bug tracking tools and community software like Confluence or SharePoint. It could also be because, with such elevated interest rates, investors might think Adobe is overpaying for a software company that may not yet be profitable.įor perspective, while Figma's valuation has doubled from its last funding round of $10 billion to $20 billion today, nearly all other software companies, both public and private, have seen their valuations decimated due to investors' shifting focus to profits from growth.Adobe (NASDAQ: ADBE) stock is falling on Friday on reports that the U.S. Part of the decline could also be attributed to the uncertain macro environment, with elevated inflation leading to outsized interest rate hikes that often ding tech-oriented growth stocks such as Adobe. While the company beat adjusted EPS estimates, it gave fourth-quarter revenue guidance of $4.52 billion, which was short of consensus estimates for $4.59 billion. Theres also a couple of tips and tricks that make. Theres a few different ways to import them and some unique editing options. You might have noticed that images are handled a bit differently in Figma than in other tools. Part of that could be due to Adobe's third-quarter results, which were also announced on Thursday. From sourcing and editing to manipulating and exporting, were constantly working with images in our design files. While Adobe's deal for Figma may make sense in the long-run, as it turns what was a fierce competitor into one of Adobe's new weapons for growth, investors aren't showing enthusiasm for the deal in the short-term. Adobe announced that it would pay a 20 billion mixture of cash and stock to acquire Figma, a 10 year old cloud-based design software allows teams to. The company expects the deal to close in 2023, and said it expects the business combination to be accretive to its adjusted earnings per share after three years. "With gross margins of approximately 90 percent and positive operating cash flows, Figma has built an efficient, high-growth business," Adobe said in a press release. Adobe will be funding its deal for Figma with a combination of both cash and stock. The company is expected to register more than $400 million in annual recurring revenue this year. A CNBC report revealed that tens of thousands of employees at Microsoft were heavily using Figma's cloud-based software platform, which tested its long-running relationship with Adobe.įigma was founded in 2012 and was last valued at $10 billion in 2021. Adobe stock plunged as much as 15% on Thursday after the company announced a $20 billion deal to acquire privately held Figma and reported earnings that revealed a soft fourth-quarter outlook.įigma is a fast-growing software company that offers collaborative design tools for businesses, directly competing with and taking market share from Adobe.
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