Oppenheimer Maintains Perform On Citrix (CTXS)

Oppenheimer & Co. is maintaining its Perform rating on Citrix Systems, Inc.

after the tech company reported earnings yesterday. In its research report Oppenheimer writes, "While we remain positive on the longer-term VDI opportunity, desktop bookings decline from $90-60M QoQ is concerning, although we expect acceleration in 4Q. Additionally premium valuation at 27x our higher FY11E EPS remains excessive. Maintain Perform." Shares of CTXS are down $1.42 in pre-market trading to $57.00.