Analyst Rating Update on Citrix Systems (CTXS)

Citrix Systems (NASDAQ:CTXS) : The consensus on Citrix Systems (NASDAQ:CTXS) based on 18 analyst recommendation on the company stock is 2.09, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Citrix Systems (NASDAQ:CTXS).

Citrix Systems (NASDAQ:CTXS) : 15 investment research analysts covering Citrix Systems (NASDAQ:CTXS) have an average price target of $89.07 for the near short term. The highest target price given by the Brokerage Firm to the stock is $98 and the lowest target is $80 for the short term. Analysts expect the variance to be within $6.65 of the average price.

Company shares have received an average consensus rating of Hold for the current week

Citrix Systems (NASDAQ:CTXS): stock turned positive on Tuesday. Though the stock opened at $78.02, the bulls momentum made the stock top out at $79.61 level for the day. The stock recorded a low of $77.8525 and closed the trading day at $79.25, in the green by 2.90%. The total traded volume for the day was 2,244,145. The stock had closed at $77.02 in the previous days trading.

In an insider trading activity,The director of Citrix Systems Inc, Demo Murray J sold 1,000 shares at $85.72 on May 31, 2016. The Insider selling transaction had a total value worth of $85,720. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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