Macromedia Investors Have Little to Worry About
Growth in core products is predictably strong.
Even though Macromedia (MACR) beat analyst estimates for the quarter ended June 30, short-term traders looking for a quick pop in the stock price may be left a bit disappointed. The software company has beaten estimates for the past several quarters, so it’s not surprising that it did so again.
More patient shareholders, however, should be quite pleased, because the company’s results were very solid. In fact, this might represent a good entry point for new investors to purchase the stock. With such an unsurprising earnings release, the stock price will probably dip a bit in after-hours trading Thursday night and during Friday's regular Nasdaq session.
Mark Sellers does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.