Jim Cramer on Why He Likes Shares of Adobe

TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer is watching Adobe Systems’ (ADBE) earnings, set to be released on Thursday, after the markets close. ‘I think the quarter is going to be good,’ Cramer said. ‘This remains one of the best cloud plays, along with Salesforce (CRM), Oracle (ORCL) and Workday (WDAY).’ Analysts expect the San Jose, Calif.-based company to post fiscal first quarter 2016 earnings of $0.61 a share on sales of $1.34 billion. During the same quarter last year, the company reported net income of $0.44 a share with revenue of $1.11 billion. Adobe shares lost seven percent since the start of the year, but gained 13.6 percent over the last 12 months.