Market Overview

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

Related CTXS
Citrix to Expand Into 170K Sq. Ft. Downtown Raleigh Building, Opening New Office
Upcoming Corporate Events/Presentations for the Week of Aug. 11-15th
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
Oct 2014Northland SecuritiesDowngradesBuyNeutral
Sep 2014MKM PartnersInitiates Coverage onBuy
Sep 2014BarclaysMaintainsOverweight

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