In this clip from Thursday's edition of The Call @ Hedgeye, Tech analyst Ami Joseph explains why Adobe ($ADBE) has lost its luster on Wall Street.

"The sell side has gone from loving this as a darling and almost slavishly attentive to Adobe, to now almost half the ratings of the street are on hold, which is like sell for the street. So, 45% of the street is on a hold rating," Joseph says.

"That's the set up with Adobe. It's just comps."

Adobe Goes From Wall Street ‘Darling’ to Ugly Stepchild $ADBE - Call Banner