A report released earlier today by UBS about Citrix Systems (NASDAQ:CTXS) bumps the target price to $81.00
- Updated: October 3, 2016
In a report announced on Monday October 03, 2016 UBS bumped up the target of Citrix Systems (NASDAQ:CTXS) to $81.00 indicating a possible downside of -0.05%.
Yesterday Citrix Systems (NASDAQ:CTXS) traded -1.92% lower at $85.22. Citrix Systems’s 50-day average is $86.02 and its two hundred day moving average is $83.50. The last closing price is up 0.09% relative to the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Volume of trade was down over the average, with 503,962 shares of CTXS changing hands under the typical 1,284,480
Citrix Systems has P/E ratio of 33.67 with a 52 week low of $60.91 and a one year high of $90.00 and has a total market value of $0.
A total of 25 brokerages have issued a ratings update on the company. 5 brokers rating the stock a strong buy, 9 equity analysts rating the company a buy, fifteen brokerages rating the company a hold, two analysts rating the company a underperform, and finally 0 brokers rating the company a sell with a one year target of $86.08.
About Citrix Systems (NASDAQ:CTXS)
Citrix Systems, Inc. develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company's Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products. Its Mobility Apps segment consists of Communications Cloud and Workflow Cloud products. The Company's solutions offer secure, mobile workspaces that provide people with access to applications, desktops, data and communications, over any network or cloud. It markets and licenses its products directly to customers, over the Web, and through systems integrators (SIs), in addition to indirectly through value-added resellers (VARs), value-added distributors (VADs), original equipment manufacturers (OEMs) and service providers.
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