Jim Cramer Discussed Adobe Inc. (ADBE) In Detail Ahead Of Its Earnings

We recently published 13 Latest Stocks on Jim Cramer’s Radar. Adobe Inc. (NASDAQ:ADBE) is one of the stocks Jim Cramer recently discussed.

Cramer has started discussing Adobe Inc. (NASDAQ:ADBE) frequently as the firm approached its earnings report today. The shares have lost 20% year-to-date, and in his previous comments, the CNBC TV host has commented that perhaps investor sentiment souring for software-as-a-service (SaaS) stocks is to blame. Here is what Jim Cramer said about Adobe Inc. (NASDAQ:ADBE) ahead of its earnings:

“Yes, and I kept hearing things about, well, if it’s a software-as-a-service system that we have, that would be Adobe. . . you know we’ve been able to develop programs that are very similar. We don’t need that anymore. And I was like, you’re kind of stunned, because you thought you heard that was going to happen but you never thought you’d expect the CEO say. And you know what, these are not as indispensable as we thought!.

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Disclosure: None. This article is originally published at Insider Monkey.