Citrix Systems (CTXS) : 18 analysts are covering Citrix Systems (CTXS) and their average rating on the stock is 2.09, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Citrix Systems (CTXS) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Citrix Systems (CTXS) : Currently there are 15 street experts covering Citrix Systems (CTXS) stock. The most bullish and bearish price target for the stock is $98 and $80 respectively for the short term. The average price target of all the analysts comes to $89.07. The estimated standard deviation from the target is $6.65.
Company shares have received an average consensus rating of Hold for the current week
Citrix Systems (NASDAQ:CTXS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $83.99 and $83.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $84.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $83.97, notching a gain of 0.88% for the day. The total traded volume was 1,134,412 . The stock had closed at $83.24 on the previous day.
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.