Citrix Systems (CTXS) : Analyst Rating Update

Citrix Systems (CTXS) : 8 brokerage houses believe that Citrix Systems (CTXS) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Citrix Systems (CTXS). Zacks Investment Research suggests a Strong Buy with a rank of 1. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 18 Wall Street Analysts endorse the stock as a Buy with a rating of 2.09.

Citrix Systems (CTXS) : The consensus price target for Citrix Systems (CTXS) is $89.07 for the short term with a standard deviation of $6.65. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $98, however, the pessimist price target for the company is $80.

Citrix Systems (NASDAQ:CTXS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.80 and $78.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.57, notching a gain of 0.39% for the day. The total traded volume was 1,112,722 . The stock had closed at $79.26 on the previous day.

The company shares have rallied 16.73% from its 1 Year high price. On Apr 21, 2016, the shares registered one year high at $90.00 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $83.94 and the 200 Day Moving Average price is recorded at $76.95.

Citrix Systems, Inc. provides virtualization, mobility management, networking and SaaS solutions to businesses. The Companys solutions offer secure, mobile workspaces that provide people with access to apps, desktops, data and communications on any device, over any network or cloud. It markets and licenses its products directly to customers. The Company operates through two segments: Enterprise and Service Provider division and the Mobility Apps division. Enterprise and Service Provider divisions Workspace services include mobile platforms, desktop and application virtualization, citrix workspace suite and delivery networking. Its Mobility Apps applications include communications cloud, documents cloud and workflow cloud. It also offers Professional Services and Technology products, which include Citrix HDX, FlexCast, Citrix personalization technologies, NetScaler Software Packet Engine, ByteMobile Adaptive Traffic Management System, XenMobile and Citrix Internet, among others.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.