Highest Level of Cash in the Application Software Industry Detected in Shares of Adobe Systems (ADBE, ADSK, CRM, SNPS, CTXS)
Below are the three companies in the Application Software industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
Adobe Systems ranks highest with a CE of $4,000. Autodesk is next with a CE of $3,000. salesforce.com ranks third highest with a CE of $2,000.
Synopsys follows with a CE of $1,000, and Citrix Systems rounds out the top five with a CE of $1,000.
SmarTrend recommended that subscribers consider buying shares of Synopsys on February 17th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $43.32. Since that recommendation, shares of Synopsys have risen 37.1%. We continue to monitor Synopsys for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest level of cash adobe systems Autodesk salesforce.com synopsys Citrix Systems