Citrix Systems (CTXS) : Traders are bullish on Citrix Systems (CTXS) as it has outperformed the S&P 500 by a wide margin of 7.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.42%, 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 2.35% in the last 1 week, and is up 10.91% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.65% and the 50-Day Moving Average is 5.62%. Citrix Systems, Inc. is up 8.91% in the last 3-month period. Year-to-Date the stock performance stands at 17.82%.
Citrix Systems (NASDAQ:CTXS): stock turned positive on Friday. Though the stock opened at $88.99, the bulls momentum made the stock top out at $89.21 level for the day. The stock recorded a low of $88.05 and closed the trading day at $89.13, in the green by 0.08%. The total traded volume for the day was 1,914,266. The stock had closed at $89.06 in the previous days trading.
Also, Morgan Stanley maintains its view on Citrix Systems (NASDAQ:CTXS) according to the research report released by the firm to its investors. The shares have now been rated Underweight by the stock experts at the ratings house. Morgan Stanley raises the price target from $70 per share to $77 per share on Citrix Systems . The rating by the firm was issued on July 28, 2016.
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.