Adobe Systems Incorporated (NASDAQ:ADBE), Just closed Monday July 29th at $307 a share.
This stock has been on a crazy uptrend the last 4 years. Just 4 years ago
it closed at $86.77.
Adobe (ADBE) and Dropbox Inc. declared a partnership to enable people and organizations greater flexibility to work the way they want with documents at home, in the office or on-the-go. The market-leading companies are integrating their applications and services on mobile devices, desktop, and the web for faster and more seamless access to all of the mission-critical content stored as PDF files.
With this partnership, customers of Adobe Acrobat DC and Adobe Acrobat Reader—used on over one billion mobile devices and desktop computers worldwide—can access and take common actions on over 18 billion PDF files stored in Dropbox directly from within the Adobe apps. Dropbox users can open, edit, and save changes to PDF documents in the Adobe apps directly from the Dropbox website, iOS app, or Android app. The integration addresses a strong need, as PDF is the most common business file type in Dropbox.
“As the inventor of PDF, Adobe brings over 20 years of experience with secure digital documents,” said Kevin M. Lynch, senior vice president and general manager of Adobe Document Cloud at Adobe. “The requirements of our customers have constantly evolved over time; recently, mobile has become the rule and people expect to complete work quickly and simply wherever and whenever they need. Our work with Dropbox, as our first file sync and share partner, will assist Adobe Document Cloud customers and people around the world be more productive with the documents at the center of their daily lives.”
Adobe Systems Incorporated is a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. The Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content.
We will be watching closely to see if this uptrend continues to last.
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