Citrix Systems (CTXS) : Traders are bullish on Citrix Systems (CTXS) as it has outperformed the S&P 500 by a margin of 1.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.01%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.64% in the last 1 week, and is up 8.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Citrix Systems (NASDAQ:CTXS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $85.42 and $84.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $87.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $87.08, notching a gain of 2.18% for the day. The total traded volume was 1,223,786 . The stock had closed at $85.22 on the previous day.
The stock has recorded a 20-day Moving Average of 5.59% and the 50-Day Moving Average is 3.9%. Citrix Systems, Inc. is up 5.04% in the last 3-month period. Year-to-Date the stock performance stands at 15.11%.
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.