Market Overview

Bernstein Research Reiterates on Citrix Systems on Position to Benefit from Mobile Computing Trend

Share:
Related CTXS
Think Buybacks Boost Share Prices? Think Again
Stocks Hitting 52-Week Highs
Citrix Is A Cloud Laggard (Seeking Alpha)

In a report published Thursday, Bernstein Research analyst Mark L. Moerdler reiterated an Outperform rating and $84.00 price target on Citrix Systems (NASDAQ: CTXS).

In the report, Bernstein Research noted, “We believe Citrix is among the best positioned major software companies to benefit from the mobile computing trend as a result of its leadership in the desktop virtualization market as well as the remote access market. We continue to expect strong growth from Netscaler, due to Citrix's cross-selling capabilities, cloud build-out, partnership with Cisco and opportunity among telco providers.”

Citrix Systems closed on Wednesday at $58.02.

Latest Ratings for CTXS

DateFirmActionFromTo
Jul 2015FBR CapitalMaintainsOutperform
Jul 2015Morgan StanleyMaintainsEqual-weight
Jul 2015MKM PartnersMaintainsBuy

View More Analyst Ratings for CTXS
View the Latest Analyst Ratings

Posted-In: Bernstein Research Mark L. MoerdlerAnalyst Color Reiteration Analyst Ratings

 

Related Articles (CTXS)

Get Benzinga's Newsletters