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Adobe Stock: Jim Cramer Says Wait Until the Close to Buy

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Adobe  (ADBE) - Get Adobe Inc. Report stock moved lower after the company's earnings and outlook topped Wall Street expectations, but recurring revenue figures failed to impress analysts.

Annual recurring revenue, a software-as-a-service metric, came in at $11.67 billion against FactSet estimates of $11.65 billion.

Cramer took to Twitter to ponder whether Adobe is simply being measured too severely against its own success.

While Jim Cramer said he's a believer in Adobe, he explained in the video above why he would wait until the close of trading Wednesday to buy the stock. 

As of intraday trading, Adobe stock was down 2.71% to $628.40. 

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