UPDATE: Morgan Keegan Lowers Price Target on Citrix Systems to $80

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

According to Morgan Keegan, Citrix Systems (NASDAQ: CTXS) price target is lowered to $80.Morgan Keegan said that CTXS announced 4Q11 results with EPS of $0.78 and $619.4 million in revenue (+17% Y/Y), compared to the consensus expectation for EPS of $0.76 and $618.8 million in revenue. “Overall, 4Q11 performance gives increasing evidence of the company's solid positioning to capture growth from emerging secular trends around mobility, device proliferation, cloud and collaboration. Based on strength of fundamentals, solid execution and emerging virtual desktop opportunity, we reiterate our Outperform rating.”Citrix Systems closed yesterday at $67.61.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!