Several investment firms have updated their stock ratings and price targets on shares of Citrix Systems (NASDAQ: CTXS) in the last week:
Citrix Systems had its price target lowered by analysts at Morgan Keegan to $80.00.
Citrix Systems had its “buy” rating re-affirmed by analysts at Needham & Company.
Citrix Systems had its price target lowered by analysts at UBS AG from $79.00 to $75.00. They now have a “neutral” rating on the stock.
Citrix Systems had its “neutral” rating re-affirmed by analysts at Goldman Sachs.
Citrix Systems had its price target lowered by analysts at Goldman Sachs to $75.00.
Citrix Systems was downgraded by analysts at Citigroup from a “buy” rating to a “neutral” rating. They now have a $78.00 price target on the stock.
About Citrix Systems, Inc.:
Citrix Systems, Inc. designs, develops and markets technology solutions that enable information technology (IT) services to be securely delivered on demand independent of location, device or network. The Company markets its products directly to enterprise customers, over the Web, and through systems integrators (SIs), in addition to indirectly through value-added resellers (VARs), value-added distributors (VADs), and original equipment manufacturers (OEMs). It provides a range of products and services. As of December 31, 2010, the Company had over 230,000 customers and over 100 million users every day in over 100 countries. Citrix products and services allow people to collaborate, communicate and work virtually anywhere. In July 2011, the Company acquired Cloud.com. In August 2011, the Company acquired RingCube. In October 2011, the Company acquired ShareFile.
Citrix Systems, Inc. traded up 1.92% on Wednesday, hitting $66.45. Citrix Systems, Inc. has a 52-week low of $50.21 and a 52-week high of $88.49. The stock has a 50-day moving average of $64.11 and a 200-day moving average of $64.17. The company has a market cap of $12.532 billion and a price-to-earnings ratio of 34.87.
Source: http://localizedusa.com/2012/02/01/analysts-recent-ratings-updates-for-citrix-systems-ctxs/
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