Citrix Systems (CTXS) : Traders are bullish on Citrix Systems (CTXS) as it has outperformed the S&P 500 by a wide margin of 1.69% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.49%, 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 2.54% in the last 1 week, and is up 2.73% 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 1.15% and the 50-Day Moving Average is 2.95%. Citrix Systems (NASDAQ:CTXS): On Fridays trading session , Opening price of the stock was $86.78 with an intraday high of $87.32. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $86.27. However, the stock managed to close at $87.16, a loss of 0.02% for the day. On the previous day, the stock had closed at $87.18. The total traded volume of the day was 1,223,991 shares.
The company Insiders own 0.93% of Citrix Systems shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.8% . Institutional Investors own 97.66% of Citrix Systems shares. During last six month period, the net percent change held by insiders has seen a change of -13.72%. Also, Major Brokerage house, Jefferies downgrades its ratings on Citrix Systems (NASDAQ:CTXS). According to the latest information available, the shares are now rated Underperform by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on August 1, 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.