Shares of Adobe (NASDAQ: ADBE) have dropped 10.7% in the past month, despite the publishing software company reporting upbeat Q2 results. Investors' concerns about the stock have primarily been sparked by the company's tepid guidance for FY22. On its Q2 earnings call, Adobe's management outlined the reasons for the cautious outlook. In March, the company indicated that it intended to stop all new software sales in Russia and Belarus. The company’s management stated on its fiscal Q2 earnings call that this move could result in the company taking a hit of $75 million in terms of revenues when it comes to its digital media business.
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Adobe (NASDAQ:ADBE)
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