Market Overview

UPDATE: FBN Securities Initiates Citrix Systems at Outperform on Growth Outlook

Share:
Related CTXS
Watch These Security Software Stocks, Pacific Crest Says
Citigroup's Possible Pair Trade For Software Stocks
Tech Sector Lags as EMC, Juniper Sink (Fox Business)

FBN Securities initiated coverage on Citrix Systems (NASDAQ: CTXS) with an Outperform rating and a $85.00 price target.

FBN Securities analyst Shebly Seyrafi commented, "CTXS is a key player in virtual desktop infrastructure (VDI) and cloud, two key technology trends. Although its Mobile & Desktop (M&D) segment growth has been hampered by declines in its application virtualization solution XenApp (XA), we believe that its fast-growing XenDesktop (XD) VDI solution is now a larger revenue contributor (~60% of M&D license) and should drive acceleration in this segment. We see XD license growth accelerating, especially in FQ2 2013, as the compares get easier."

Citrix Systems closed at $71.30 on Tuesday.

Latest Ratings for CTXS

DateFirmActionFromTo
Dec 2014Piper JaffrayAssumesUnderweight
Nov 2014JefferiesInitiates Coverage onHold
Oct 2014FBR CapitalMaintainsOutperform

View More Analyst Ratings for CTXS
View the Latest Analyst Ratings

Posted-In: FBN SecuritiesAnalyst Color Initiation Analyst Ratings

 

Related Articles (CTXS)

Around the Web, We're Loving...

Get Benzinga's Newsletters