Shares of Adobe Systems (ADBE) skyrocketed Friday after topping earnings estimates and acquiring stock photo service Fotolia, making it TheStreet’s Move of the Day. Software company Adobe Systems showed that it’s on the right track as it transforms its business model. The San Jose-based company beat Wall Street’s estimates for its fiscal fourth quarter. The company, which has invested a significant amount of money to grow its digital cloud business, also announced that it acquired Fotolia, a stock image and video company, for $800 million. TheStreet’s Jim Cramer says while the rest of the market is being dragged down by the collapse of oil, Adobe is defying the trend.
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