Workfront was founded back in 2001, making it a bit long in the tooth for a private company that has raised $375 million, according to Crunchbase.
The deal will add to Adobe's offerings to business-to-business and business-to-consumer operations, according to a statement from the company.Īdobe acquires marketing workflow startup Workfront for $1.5BĪdobe just announced that it is acquiring marketing workflow management startup Workfront for $1.5 billion. The acquisition of privately held Workfront, is expected to close during the first quarter of Adobe's 2021 fiscal year, which begins in late November. To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here LATEST NEWS for AdobeĪdobe said Monday it's buying Workfront, a management platform for marketers, for $1.5 billion. The RSI indicator is at 42.39 level which suggests that the stock is neither overbought nor oversold at this time.
The 20-day moving average is moving up which suggests that the medium-term momentum for Adobe is bullish. The 5-day moving average is moving up which suggests that the short-term momentum for Adobe is bullish and the probability of a rise in share price is higher if the stock starts trending. The risk of $4.70 would be incurred if the stock dropped below the $462.50 long put strike price. The full premium credit of $0.30 would be kept by the premium seller. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $467.50 by expiration. One trading opportunity on Adobe is a Bull Put Spread using a strike $467.50 short put and a strike $462.50 long put offers a potential 6.38% return on risk over the next 9 calendar days.
Adobe's most recent trend suggests a bullish bias.
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