Investopedia: Adobe's Model Still In Transition, But It Seems To Be Working

With Adobe (Nasdaq:ADBE) is still in the midst of a significant change in its business model (towards a subscription-based model), it is likely that it is still going to take a few more quarters for investors to really dial in their expectations. Nevertheless, it does look as though this switch holds the potential of rejuvenating a model that some thought was bereft of growth. Adobe's valuation isn't as compelling as it was just a quarter ago, but this remains a quality company trading at a discount.

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