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Adobe Is Hot, but It's Time to Take Profits Now — Plus Jim Cramer's Advice

Digital cloud giant Adobe Systems (ADBE - Get Report) will report fourth-quarter fiscal 2015 earnings results after the closing bell Thursday. Known for its popular Acrobat PDF document reader and Photoshop graphic software, Adobe has made patient investors tons of money in 2015. But with tougher comparable quarters coming up, investors would be better served taking some profits now before Adobe issues its business outlook for fiscal-year 2016.

"This stock often trades down after it reports, so be ready, because it is often a terrific buying opportunity as they are very conservative and many don't understand the model," said TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio, of Adobe stock.

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For the quarter that ended November, Adobe is expected to earn 60 cents a share on revenue of $1.3 billion, translating to growth of 66% and 21%, respectively. For the full year, earnings are projected to climb 60% to $2.07 a share, while revenue of...