Adobe Systems Incorporated (ADBE) is down 20.52% this morning to $26.18 in pre-market trading after the company announced that demand for its product from Japanese and U.S. education customers had been weaker than usual. At 8:35 AM EST Adobe has traded 4,533,702 shares, compared with the company’s daily average of 9,209,300 shares. This drop in share price comes during a 52-week range of $26.01 to $38.20.
The company expects current-quarter revenue in its creative solutions business, which contains Creative Suite 5, to be either flat or slightly down.
-Michael B. Sauter