Citrix Systems Seeing VDI Momentum Accelerating

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Citrix Systems, Inc.
CTXS
is beleived by Deutsche Bank to have a competitive position in the VDI space, and virtual desktop adoption is gaining momentum as Citrix continues its leadership in this space. FY2011 estimates change to $2073/$2.25 (from $2055/$2.23) and for FY2012 to $2311/$2.57 (from $2264/$2.51), based on the company's relationship with VMware and customer feedback. Deutsche Bank is reiterating its Buy rating and is raising the price target to $72 (from $65). Citrix Systems, Inc. closed yesterday at $61.94.
Posted In: Analyst ColorEarningsLong IdeasNewsAnalyst RatingsApplication SoftwarecitrixDeutsche BankInformation Technology
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