UPDATE: FBN Securities Reiterates Outperform On Citrix Systems

In a note October 27, FBN analyst, Shebly Seyrafi reiterated an Outperform rating and $75 price target on Citrix Systems, Inc.

. Seyrafi began by noting all segments, other than products and license, grew and beat consensus estimates for the third quarter. The company was also able to beat on the bottom line with EPS $0.02 above consensus of $0.73. Looking ahead, Seyrafi commented, "We believe that the mobile and desktop segment can show better growth rates in coming quarters."