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Citrix Systems: Steady uptrend |
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| Oct 07, 2009 08:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Stocks to Buy  Server/deskstop virtualization software solutions designer Citrix Systems (NASDAQ: CTXS) continues to advance, as expected, which is why I'm Reiterating my Buy rating for the company, first recommended on June 16, 2009 at a price of $33.09. In June, the argument was made that U.S. information technology spending would not decline by the projected 5-7% in FY2009, and that institutional investors would also look past CTXS's flatish FY2009 revenue to a near 10% gain in FY2010, and that's pretty much what has transpired. Shares have risen about 19% since the June Buy recommendation. The First Call FY2009/FY2010 EPS estimates for CTXS are $1.64 to $1.88. Continue reading Citrix Systems: Steady uptrend Citrix Systems: Steady uptrend originally appeared on BloggingStocks on Wed, 07 Oct 2009 15:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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