Zacks Investment Research downgraded Citrix Systems, Inc. (NASDAQ:CTXS) to Hold in a report released today.
- Updated: November 30, 2016
Zacks Investment Research has downgraded Citrix Systems, Inc. (NASDAQ:CTXS) to Hold in a report released on 11/30/2016.
Previously on 11/29/2016, Zacks Investment Research reported about Citrix Systems, Inc. (NASDAQ:CTXS) raised the target price from $0.00 to $98.00. At the time, this indicated a possible upside of 0.12%.
Yesterday Citrix Systems, Inc. (NASDAQ:CTXS) traded -1.38% lower at $87.94. The company’s 50-day moving average is $85.36 and its 200-day moving average is $85.10. The last stock close price is up 1.92% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 1,197,727 shares of the stock were exchanged, down from an average trading volume of 1,202,010
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Citrix Systems, Inc. has a 52 week low of $60.91 and a 52 week high of $90.00 with a P/E ratio of 29.00 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 25 firms have reported on the stock. The consensus target price is $86.08 with 5 firms rating the stock a strong buy, 9 firms rating the stock a buy, 15 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Citrix Systems, Inc. (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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