Citrix Systems (CTXS) has risen sharply, recording gains of 2.33% in the past 4 weeks. However, the stock has corrected -1.3% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.47% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.18% and the 50-Day Moving Average is 2.04%.The 200 Day SMA reached 10.37%. Citrix Systems, Inc. is up 1.01% in the last 3-month period. Year-to-Date the stock performance stands at 14.98%.
Citrix Systems (NASDAQ:CTXS): The stock opened in the green at $87.75 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $87.91 and a low of $86.42 for the day. The stock did not find buyers even at the lows and closed at $86.98 recording a loss of -0.34%. 1,109,483 shares exchanged hands during the trading day. The stock had closed at $87.28 in the previous days trading.
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.