Those who despised Adobe's shift to its Creative Cloud subscriptions predicted that customer defections would sink the company's stock price -- but so far, the opposite is happening.
Adobe Systems' stock hit an all-time high in after-hours trading when Adobe reported strong first-quarter financial results on Tuesday. It surpassed analyst expectations and increased Creative Cloud subscriptions by 405,000 from the previous quarter.
In after-hours trading, Adobe's stock rose 35 cents, or about 0.5 percent, to an all-time high of $68.52.
The company is in the midst of a sales transition with software titles like … Read more