Adobe stock wavered after the digital media and marketing software firm beat fiscal Q3 estimates but disappointed with its outlook.

Adobe reports Q3 earnings Sept. 10; analysts expect EPS of $6.09 and revenue of $6.70B. CEO transition and mixed analyst ratings weigh on shares.

Adobe is in focus ahead of earnings, with analysts split on targets and charts showing a cooling bounce within a longer bearish trend.

By William Gavin and Emily Bary