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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Adobe Inc.    ADBE

ADOBE INC.

(ADBE)
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Amazon's cloud service sees widespread outage

11/25/2020 | 09:35pm EST
The logo of Amazon Web Services (AWS) is seen during the 4th annual America Digital Latin American Congress of Business and Technology in Santiago

(Reuters) - Amazon.com Inc's widely used cloud service, Amazon Web Services (AWS), is experiencing a large-scale outage, the company said on Wednesday, affecting users ranging from websites to software providers.

It has also affected the ability to post updates to its service health dashboard, the company said.

"Kinesis has been experiencing increased error rates this morning in our US-East-1 Region that's impacted some other AWS services. We are working toward resolution," an AWS spokesperson said in a statement.

Amazon Kinesis, a part of its cloud offerings, collects, processes and analyzes real-time data and offers insights.

Video-streaming device maker Roku Inc, Adobe's Spark platform, video-hosting website Flickr and the Baltimore Sun newspaper were among those hit by the outage, according to their recent posts on Twitter.

"We are experiencing intermittent issues with our website and publishing system because of the AWS outage," the newspaper tweeted https://twitter.com/baltimoresun/status/1331649925373890561.

Amazon's cloud service business is thriving on higher demand from companies switching to virtual offices due to the COVID-19 pandemic.

Sales from AWS, which sells data storage and computing power in the cloud, rose about 29% in the third quarter.

(Reporting by Ayanti Bera in Bengaluru; Editing by Sriraj Kalluvila)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ADOBE INC. -0.26% 469.01 Delayed Quote.-6.08%
AMAZON.COM, INC. 2.17% 3344.39 Delayed Quote.0.20%
ROKU, INC. -0.90% 426 Delayed Quote.29.06%
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Financials (USD)
Sales 2021 15 192 M - -
Net income 2021 4 172 M - -
Net cash 2021 3 146 M - -
P/E ratio 2021 54,2x
Yield 2021 -
Capitalization 225 B 225 B -
EV / Sales 2021 14,6x
EV / Sales 2022 12,6x
Nbr of Employees 22 516
Free-Float 79,3%
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Technical analysis trends ADOBE INC.
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 553,79 $
Last Close Price 469,73 $
Spread / Highest target 28,8%
Spread / Average Target 17,9%
Spread / Lowest Target -12,7%
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Managers and Directors
NameTitle
Shantanu Narayen Chairman, President & Chief Executive Officer
John Francis Murphy Chief Financial Officer & Executive Vice President
Abhay Parasnis Chief Technology & Product Officer
Cynthia A. Stoddard Chief Information Officer & Senior Vice President
John E. Warnock Independent Director
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