Citrix Systems (CTXS) Shares are Up 0.37%

Citrix Systems (CTXS) has been under a strong bear grip, hence the stock is down -1.49% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.2% in the past 1 week. The stock has risen by 0.37% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.02% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.38% and the 50-Day Moving Average is 1.1%.The 200 Day SMA reached 7.01%


Citrix Systems (NASDAQ:CTXS): After opening at $85.36, the stock dipped to an intraday low of $84.77 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $85.83 and the buying power remained strong till the end. The stock closed at $85.22 for the day, a gain of 0.33% for the day session. The total traded volume was 1,100,046. The stocks close on the previous trading day was $85.22.

Citrix Systems (CTXS) : 15 Wall Street analysts covering Citrix Systems (CTXS) believe that the average level the stock could reach for the short term is $89.8. The maximum price target given is $99 and the minimum target for short term is around $71, hence the standard deviation is calculated at $8.2.

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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