Adobe will webcast its fourth-quarter financial results announcement on December 11, the company has confirmed.

The announcement takes place at 2pm PST (10pm GMT). The broadcast will last for approximately one hour, and will be archived on the company's Web site for 30-days. It will be available in both Real and Windows Media formats.

US Bancorp Piper Jaffrey reduced its valuation on Adobe stock from strong buy to outperform. Adobe closed at $39.43 per share on yesterday's trade.