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Stock Analyst Update

Macromedia's Future Could Be Flashy, Too

Shockwave.com spin-off should be a hit with investors.

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Although shares of Web software and entertainment company Macromedia (MACR) are up 106% in the past year, there could be a lot more room for the stock to rise.

That's because the company, which is a leading developer of software tools such as Dreamweaver, Flash, and Shockwave, may spin off its fastest-growing unit, Shockwave.com, sometime later this year. Though no official date has been set, company officials have signaled that an IPO will take place at some point.

Mark Sellers does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.