Adobe Systems Inc (ADBE): Today's Featured Technology Winner

Adobe Systems was a winner within the technology sector, rising 61 cents (1.8%) to $34.01 on heavy volume.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Adobe Systems ( ADBE) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole was unchanged today. By the end of trading, Adobe Systems rose 61 cents (1.8%) to $34.01 on heavy volume. Throughout the day, 6.3 million shares of Adobe Systems exchanged hands as compared to its average daily volume of 4.1 million shares. The stock ranged in a price between $32.99-$34.09 after having opened the day at $33.13 as compared to the previous trading day's close of $33.40. Other companies within the Technology sector that increased today were: Motricity ( MOTR), up 29.2%, Applied Micro Circuits Corporation ( AMCC), up 26.2%, Recon Technology ( RCON), up 21%, and TeleCommunication Systems ( TSYS), up 17.3%.

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Adobe Systems Incorporated operates as a diversified software company worldwide. It offers a line of software and services used by creative professionals, marketers, knowledge workers, application developers, enterprises, and consumers. Adobe Systems has a market cap of $16.52 billion and is part of the computer software & services industry. The company has a P/E ratio of 21.2, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 18% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Adobe Systems a buy, two analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Adobe Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.