This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Jim Cramer's Mad Dash: Adobe's Earnings Are 'Incredible'

NEW YORK (TheStreet) -- Adobe Systems (ADBE - Get Report) "delivered an incredible number" when it reported earnings on Tuesday, according to TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio

On CNBC's "Cramer's Mad Dash" segment, Cramer said that (CRM - Get Report), which reported a good earnings result as well, took the entire industry lower in February. The selloff lasted into the spring. 

However, short-sellers were caught off guard in May, as shares of Adobe began to steadily climb higher into yesterday's earnings report, which pushed the stock even higher. 

Cramer added that Adobe's management team made the decision to move its subscription model to the cloud. This was at a time when the stock was in the $30 range. Investors are beginning to see the transformation. 

He concluded that estimates and analysts' price targets are now being moved higher, causing shares of Adobe to do well. Currently, shares are up roughly 9%.

WATCH: More tech videos on TheStreet TV

-- Written by Bret Kenwell in Petoskey, Mich.

United Leads in China but American and Delta Want Bigger Shares

Larry Ellison Wants to Make Oracle King of the Cloud

Dreamworks' 'Dragon' Sequel Slays Studio's Stock Price -- for Now

Greenberg: The Tesla-izing of SolarCity?

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ADBE $94.30 0.86%
CRM $74.25 0.60%
AAPL $92.72 -0.56%
FB $119.49 1.43%
GOOG $711.12 1.38%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs