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Stock to Watch: Citrix Systems, Inc. (NASDAQ:CTXS)

Stock to Watch: Citrix Systems, Inc. (NASDAQ:CTXS)
Written by
Charles Donlon
Published on
October 17, 2014
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Citrix Systems, Inc. (NASDAQ:CTXS) announced that it was named a “Leader” by Forrester Research, Inc. in the industry analyst firm’s September 2014, Forrester Wave™ report, “The Forrester Wave™: Enterprise Mobile Management, Q3 2014.” The XenMobile® solution developed by Citrix was evaluated for its current offering, strategy and market presence.Stock PerformanceTaking a look at the company’s recent performance, Citrix Systems (CTXS) reported second quarter earnings for fiscal 2014 on July 23rd. The company reported actual earnings per share of $0.78 against the consensus Street estimate of $0.51. This represents year over year growth of 18%. Citrix Systems posted revenue of $782 million against estimates of $5.01 billion. Citrix Systems (CTXS) is currently valued at $10.53 billion and closed the last trading session at $64.01. The stock has a 50-day moving average of $70.54 and a 200-day moving average of $64.05.

Is this a Buying Opportunity?There are currently Twenty five analysts that we track that cover the stock. Of those Twenty five, eighteenhave a Buy rating, six have a hold rating and one has a Sell rating. On a consensus basis this yields a score of 2.68 and a Buy. The combined price objective of these covering analysts is $72.39, which represents a 5.18% difference to the last closing price.The most recent analyst activity consisted of Mizuho boosting their Buy stance on the company. Mizuho has a price target of $80 which represents an upside of 15.7% from the last closing price. On the date of the report, the stock closed at $71.65.Another research firm weighing in recently was Susquehanna who also boosted their rating on the stock. On Sept 8th,Susquehanna boosted their price target on the stock from $63 to $68, or a 1.6% downside to the current price. On the day of the report, CTXS shares closed at $71.66.Company ProfileCitrix Systems, Inc. (NASDAQ:CTXS). provides virtualization, networking, and cloud infrastructure solutions worldwide. The company operates in two divisions, Enterprise and Service Provider, and SaaS division. The Enterprise division offers Desktop and Application Virtualization solutions, including XenDesktop, an integrated desktop virtualization system; XenApp to manage and mobilize Windows applications; XenClient, a bare-metal hypervisor; and Citrix Receiver for communicating with XenApp and XenDesktop.

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