Adobe shares demonstrated resilience, rising +2.86% to close at $279.71 despite a widespread "SaaSpocalypse" sell-off in software stocks and broader tech pressure on the Nasdaq.
- The stock is currently trading higher in pre-market hours at $281.24 (+0.55%).
- The movement occurred without company-specific news, reflecting sector rotation ahead of anticipated strong earnings (EPS $5.88, revenue $6.28B expected).
- Adobe maintains a Zacks Rank #3 (Hold) following positive estimate revisions.