Relatively High Level of Cash Detected in Shares of Adobe Systems in the Application Software Industry (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 Citrix Systems on February 17th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $67.82. Since that recommendation, shares of Citrix Systems have risen 22.7%. We continue to monitor Citrix Systems 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