Dallas, Texas 02/20/2014 (FINANCIALSTRENDS) – Adobe Systems Incorporated(NASDAQ:ADBE) shares saw a 0.98% decline in the stock, after touching peak at $75 in yesterday’s trading session. The company opened its Tuesday trading at $68.66 and closed at $68.45. The company offers a wide range of products for online publishing, meeting, conference, and webinars as well as quite widely used. However, it is yet to claim a leading spot in that arena. According to recent survey conducted by Virtual Inc., about 6% of the chosen respondents use Adobe Connect for their webinars while largest market share is held by GoMeeting, a relatively less known player in that field.

Adobe Systems Incorporated(NASDAQ:ADBE) reported its last quarterly earnings on December 12th in which the company reported a $0.32 earnings per share for the quarter thus catching up with the Thomson Reuters’ forecast EPS of $0.32. The company made sales worth of $1.04 billion during that quarter against consensus estimate of $1.03 billion.

During the current quarter Adobe Systems Incorporated(NASDAQ:ADBE) earned $0.61 per share. Quarterly revenues were down by 9.7% on a year-over-year (YoY) basis. Analysts expect that Adobe Systems will post $1.12 EPS for the current fiscal year. One other negative impediment against the company’s business potential is the recent vulnerability of its products against cyber theft crimes. According to a popular tech-news site Kerbs on security the theft of source code data from Adobe’s ColdFusion, ColdFusion Builders and Acrobat servers could have possibly triggered security breach at three major data providers in the US.

One of the major suppliers for the company Coverity is now owned by Synopsys under a definitive agreement to acquire announced on February 19th, 2014. With Coverity’s acquisition, Synopsys will have a larger foothold into IT software testing, quality assurance and security tools. This means an improved security profile for the company in the coming years and a greater resilience against the cyber crimes of the sort which occurred to Adobe Systems Incorporated(NASDAQ:ADBE) and Yahoo! Inc (NASDAQ:YHOO).

The company has a strong international foothold in the IT solutions, web-conference industry. Adobe Systems Incorporated(NASDAQ:ADBE) is also well known for its engaging content and online presence management. Just last month it received the best-managed professional network page award from the world’s leading social network LinkedIn.

The stock’s Zack consensus rating was reiterated at Neutral on Friday 13th.

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