Jim Cramer sees buy opportunity in Adobe shares after CEO's comments likely dented stock

Adobe CFO John Murphy also mentioned seasonality on the call, according to a FactSet transcript, and multiple analysts asked the executives about how it impacts parts of the business.

"If [Narayen] simply said, 'we had the usual weakness, but actually it wasn't as bad as previous summers' — which, by the way, has the added advantage of being true — I bet the stock would barely have been dinged at all," the "Mad Money" host said, noting Adobe beat Wall Street's revenue and earnings estimates, while also issuing strong guidance.

Instead, investors were selling the stock, which ultimately closed Wednesday at $626.08 per share. Adobe is up 25% year to date.

Narayen's "unvarnished candor gave us a buying opportunity that we don't deserve. Adobe's been one of the greatest stock performers of our era, but it has periodic hiccups," Cramer said. "Just look at the chart—if you bought those hiccups, you've been a winner."

Cramer said he expects that to be the case again this time.

"Of course, these swoons tend not to be a one-day affair. You really should wait 48 hours. The selling then dries up and you get the chance to start the position. I would take it," Cramer said.