Citrix Systems (NASDAQ:CTXS), American Water (NYSE:AWK), Luxottica (NYSE:LUX), Urban Outfitters (NASDAQ:URBN), Waste Management (NYSE:WM) and WebMD Health (NASDAQ:WBMD) ratings and price targets.
American Water (AWK) was upgraded by Ladenburg Thalmann from a "Neutral" rating to a "Buy" rating. They have a price target of $32.00 on the firm.
Luxottica (LUX) was upgraded by Barclays (NYSE:BCS) from an "Equal Weight" rating to an "Overweight" rating.
Citrix Systems (CTXS) was upgraded to a long Research Tactical Idea by Morgan Stanley (NYSE:MS).
Urban Outfitters (URBN) was downgraded by Robert W. Baird from an "Outperform" rating to a "Neutral" rating. They have a price target of $28.00 on the firm.
Waste Management (WM) was downgraded by Société Générale from a "Buy" rating to a "Sell" rating.
WebMD Health (WBMD) downgraded by Wells Fargo (NYSE:WFC) from an "Outperform" rating to a "Market Perform" rating.
Showing posts with label Citrix Systems. Show all posts
Showing posts with label Citrix Systems. Show all posts
Wednesday, January 11, 2012
Monday, October 31, 2011
Superior Energy (SPN) (DECK) (SUSQ) (TER) (CTXS) (DDD) Price Targets Changed
Superior Energy Services (NYSE: SPN), Deckers Outdoor (NASDAQ: DECK), Susquehanna Bank (NASDAQ: SUSQ), Teradyne, Inc. (NYSE: TER), Citrix Systems, Inc. (NASDAQ: CTXS) and 3D Systems Co. (NYSE: DDD) had price targets on them adjusted by analysts.
Superior Energy Services (SPN) had its price target lowered by Global Hunter Securities from $51.00 to $45.00. They have a “Buy” rating on the company.
Deckers Outdoor (DECK) had its price target raised by Barclays Capital from $120.00 to $125.00. They have an “overweight” rating on the company.
Susquehanna Bank (SUSQ) had its price target raised by Susquehanna from $8.00 to $10.00. They have a “Buy” rating on the company.
Teradyne, Inc. (TER) had its price target raised by UBS AG (NYSE:UBS) from $13.00 to $16.00. They have a “Neutral” rating on the company.
Citrix Systems, Inc. (CTXS) had its price target raised by UBS AG from $61.00 to $79.00. They have a “Neutral” rating on the company.
3D Systems Co. (DDD) had its price target lowered by Barclays Capital from $19.00 to $17.00. They have an “Equal Weight” rating on the company.
Superior Energy Services (SPN) had its price target lowered by Global Hunter Securities from $51.00 to $45.00. They have a “Buy” rating on the company.
Deckers Outdoor (DECK) had its price target raised by Barclays Capital from $120.00 to $125.00. They have an “overweight” rating on the company.
Susquehanna Bank (SUSQ) had its price target raised by Susquehanna from $8.00 to $10.00. They have a “Buy” rating on the company.
Teradyne, Inc. (TER) had its price target raised by UBS AG (NYSE:UBS) from $13.00 to $16.00. They have a “Neutral” rating on the company.
Citrix Systems, Inc. (CTXS) had its price target raised by UBS AG from $61.00 to $79.00. They have a “Neutral” rating on the company.
3D Systems Co. (DDD) had its price target lowered by Barclays Capital from $19.00 to $17.00. They have an “Equal Weight” rating on the company.
Tuesday, August 30, 2011
Citigroup (C) on (MSFT) (VMW) (CRM) (ADBE) (SYMC) and Macroeconomic Effect on Sector
Referencing the upcoming Technology Conference, Citigroup (NYSE:C) software analyst Walter Pritchard said one major concern for the sector is the macroeconomic situation, which is weakening, but not yet showing up in the outlook for software companies such as Microsoft (NASDAQ:MSFT), VMWare (NYSE:VMW), Salesforce.com (NYSE:CRM), Adobe (NASDAQ:ADBE) and Symantec (NASDAQ:SYMC).
Pritchard said, “It may be a matter of time before the backdrop catches up with software companies,” as the probable fallout hasn't hit the estimates for the firms yet.
Among his favorites in the software sector are Taleo (NASDAQ:TLEO), Verisign (NASDAQ:VRSN), Symantec, and Check Point (NASDAQ:CHKP).
Other companies in the Conference will be Autodesk (NASDAQ:ADSK), BMC Software (NASDAQ:BMC), CA (NASDAQ:CA), Citrix Systems (NASDAQ:CTXS), Dassault Systems (OTC:DASTY), Fortinet (NASDAQ:FTNT) and SuccessFactors (NASDAQ:SFSF).
Pritchard said, “It may be a matter of time before the backdrop catches up with software companies,” as the probable fallout hasn't hit the estimates for the firms yet.
Among his favorites in the software sector are Taleo (NASDAQ:TLEO), Verisign (NASDAQ:VRSN), Symantec, and Check Point (NASDAQ:CHKP).
Other companies in the Conference will be Autodesk (NASDAQ:ADSK), BMC Software (NASDAQ:BMC), CA (NASDAQ:CA), Citrix Systems (NASDAQ:CTXS), Dassault Systems (OTC:DASTY), Fortinet (NASDAQ:FTNT) and SuccessFactors (NASDAQ:SFSF).
Friday, July 29, 2011
Kodiak (KOG) (NOR) (RES) (CTXS) (AJG) (MDF) (TUP) Upgraded
Kodiak Oil & Gas Corp. (NYSE: KOG), Noranda Aluminum Holding Co. (NYSE: NOR), RPC, Inc (NYSE: RES), Citrix Systems, Inc. (NASDAQ: CTXS), Arthur J. Gallagher & Co. (NYSE: AJG), Metropolitan Health Networks, Inc. (NYSE: MDF) and Tupperware Brands Co. (NYSE: TUP) upgraded by analysts.
RPC, Inc. (RES) was upgraded by Global Hunter Securities from a “Neutral” rating to an “Accumulate” rating. They have a price target of $29.00 on the company, up from $27.00.
Kodiak Oil & Gas Corp. (KOG) was upgraded by Pritchard to a “Buy” rating.
Citrix Systems, Inc. (CTXS) was upgraded by Morgan Stanley (NYSE:MS) to an “Overweight” rating. They have a price target of $88.00 on the company.
Arthur J. Gallagher & Co. (AJG) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $35.00 on the company.
Metropolitan Health Networks, Inc. (MDF) was upgraded by Feltl & Co. from a “Buy” rating to a “Strong Buy” rating. They have a price target of $6.88 on the company, up from $5.45.
Noranda Aluminum Holding Co. (NOR) was upgraded by Citigroup (NYSE:C) from a “Hold” rating to a “Buy” rating.
Tupperware Brands Co. (TUP) was upgraded by Caris & Company from an “Above Average” rating to a “Buy” rating. They have a price target of $80.00 on the company, up from $78.00.
RPC, Inc. (RES) was upgraded by Global Hunter Securities from a “Neutral” rating to an “Accumulate” rating. They have a price target of $29.00 on the company, up from $27.00.
Kodiak Oil & Gas Corp. (KOG) was upgraded by Pritchard to a “Buy” rating.
Citrix Systems, Inc. (CTXS) was upgraded by Morgan Stanley (NYSE:MS) to an “Overweight” rating. They have a price target of $88.00 on the company.
Arthur J. Gallagher & Co. (AJG) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $35.00 on the company.
Metropolitan Health Networks, Inc. (MDF) was upgraded by Feltl & Co. from a “Buy” rating to a “Strong Buy” rating. They have a price target of $6.88 on the company, up from $5.45.
Noranda Aluminum Holding Co. (NOR) was upgraded by Citigroup (NYSE:C) from a “Hold” rating to a “Buy” rating.
Tupperware Brands Co. (TUP) was upgraded by Caris & Company from an “Above Average” rating to a “Buy” rating. They have a price target of $80.00 on the company, up from $78.00.
Friday, April 29, 2011
Fortinet (FTNT) (FLEX) (FTI) (CTXS) (EQIX) Price Targets Adjusted
Price targets on Fortinet, Inc. (NASDAQ: FTNT), Flextronics International Ltd. (NASDAQ: FLEX), FMC Tech (NYSE: FTI), Citrix Systems, Inc. (NASDAQ: CTXS) and Equinix, Inc. (NASDAQ: EQIX) adjusted by analysts.
Morgan Keegan raised their price target on Citrix Systems, Inc. (CTXS) from $80.00 to $90.00. They have an “outperform” rating on the company.
Stifel Nicolaus raised their price target on shares of Equinix, Inc. (EQIX) from $110.00 to $120.00. They have a “buy” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) cut their price target on Flextronics International Ltd. (FLEX) from $10.00 to $8.50. They have an “overweight” rating on the company.
Global Hunter Securities raised their price target on FMC Tech (FTI) from $43.50 to $49.00. They have a “neutral” rating on the company.
Needham & Company raised their price target on Fortinet, Inc. (FTNT) from $44.00 to $53.00. They have a “buy” rating on the company.
Morgan Keegan raised their price target on Citrix Systems, Inc. (CTXS) from $80.00 to $90.00. They have an “outperform” rating on the company.
Stifel Nicolaus raised their price target on shares of Equinix, Inc. (EQIX) from $110.00 to $120.00. They have a “buy” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) cut their price target on Flextronics International Ltd. (FLEX) from $10.00 to $8.50. They have an “overweight” rating on the company.
Global Hunter Securities raised their price target on FMC Tech (FTI) from $43.50 to $49.00. They have a “neutral” rating on the company.
Needham & Company raised their price target on Fortinet, Inc. (FTNT) from $44.00 to $53.00. They have a “buy” rating on the company.
Equinix (EQIX) (ENR) (EBAY) (CTXS) (BIDU) Price Targets Raised
Price targets on Equinix, Inc. (NASDAQ: EQIX), Energizer Holdings, Inc. (NYSE: ENR), eBay, Inc. (NASDAQ: EBAY), Citrix Systems, Inc. (NASDAQ: CTXS) and Baidu.com, Inc. (NASDAQ: BIDU) raised by analysts.
Citigroup (NYSE:C) raised their price target on Baidu.com, Inc. (BIDU) from $135.00 to $177.00. They have a “buy” rating on the company.
RBC Capital raised their price target on Citrix Systems, Inc. (CTXS) from $72.00 to $80.00. They have a “sector perform” rating on the company.
Piper Jaffray raised their price target on eBay, Inc. (EBAY) from $30.00 to $36.00. They have a “neutral” rating on the company.
RBC Capital raised their price target on Energizer Holdings, Inc. (NYSE: ENR) from $76.00 to $82.00. They have an “outperform” rating on the company.
RBC Capital raised their price target on Equinix, Inc. (EQIX) from $105.00 to $115.00. They have an “outperform” rating on the company.
Citigroup (NYSE:C) raised their price target on Baidu.com, Inc. (BIDU) from $135.00 to $177.00. They have a “buy” rating on the company.
RBC Capital raised their price target on Citrix Systems, Inc. (CTXS) from $72.00 to $80.00. They have a “sector perform” rating on the company.
Piper Jaffray raised their price target on eBay, Inc. (EBAY) from $30.00 to $36.00. They have a “neutral” rating on the company.
RBC Capital raised their price target on Energizer Holdings, Inc. (NYSE: ENR) from $76.00 to $82.00. They have an “outperform” rating on the company.
RBC Capital raised their price target on Equinix, Inc. (EQIX) from $105.00 to $115.00. They have an “outperform” rating on the company.
Delphi Fin (DFG) (ECPG) (EBAY) (CTXS) (BIDU) Price Targets Raised
Price targets on Delphi Fin (NYSE: DFG), Encore Capital Group, Inc. (NASDAQ: ECPG), eBay, Inc. (NASDAQ: EBAY), Citrix Systems, Inc. (NASDAQ: CTXS) and Baidu.com, Inc. (NASDAQ: BIDU) raised by analysts.
Piper Jaffray raised their price target on Baidu.com, Inc. (BIDU) from $143.00 to $181.00. They have an “overweight” rating on the stock.
ISI Group raised their price target on Citrix Systems, Inc. (CTXS) from $70.00 to $80.00. They have a “hold” rating on the stock.
Wunderlich raised their price target on Delphi Fin (DFG) from $34.00 to $37.00. They have a “buy” rating on the stock.
Benchmark Co. raised their price target on eBay, Inc. (EBAY) from $30.00 to $36.00.
Piper Jaffray raised their price target on Encore Capital Group, Inc. (ECPG) from $37.00 to $38.00.
Piper Jaffray raised their price target on Baidu.com, Inc. (BIDU) from $143.00 to $181.00. They have an “overweight” rating on the stock.
ISI Group raised their price target on Citrix Systems, Inc. (CTXS) from $70.00 to $80.00. They have a “hold” rating on the stock.
Wunderlich raised their price target on Delphi Fin (DFG) from $34.00 to $37.00. They have a “buy” rating on the stock.
Benchmark Co. raised their price target on eBay, Inc. (EBAY) from $30.00 to $36.00.
Piper Jaffray raised their price target on Encore Capital Group, Inc. (ECPG) from $37.00 to $38.00.
Thursday, April 28, 2011
Price Targets on (CSGP) (BIDU) (CEVA) (CTXS) (DAN) Raised
Price Targets Costar Group Inc (NASDAQ: CSGP), Baidu.com, Inc. (NASDAQ: BIDU), Ceva Inc (NASDAQ: CEVA), Citrix Systems, Inc. (NASDAQ: CTXS) and Dana Holding Co. (NYSE: DAN) raised by analysts.
Credit Suisse (NYSE:CS) raised their price target on Baidu.com, Inc. (BIDU) from $99.00 to $107.00.
Wunderlich raised their price target on Ceva Inc (CEVA) from $27.00 to $32.00.
Needham & Company raised their price target on Costar Group Inc (CSGP) from $63.00 to $70.00. They have a “buy” rating on the company.
FBR Capital raised their price target on Citrix Systems, Inc. (CTXS) from $65.00 to $77.00. They have a “market perform” rating on the company.
Jefferies (NYSE:JEF) raised their price target on shares of Dana Holding Co. (NYSE: DAN) from $20.00 to $23.00.
Credit Suisse (NYSE:CS) raised their price target on Baidu.com, Inc. (BIDU) from $99.00 to $107.00.
Wunderlich raised their price target on Ceva Inc (CEVA) from $27.00 to $32.00.
Needham & Company raised their price target on Costar Group Inc (CSGP) from $63.00 to $70.00. They have a “buy” rating on the company.
FBR Capital raised their price target on Citrix Systems, Inc. (CTXS) from $65.00 to $77.00. They have a “market perform” rating on the company.
Jefferies (NYSE:JEF) raised their price target on shares of Dana Holding Co. (NYSE: DAN) from $20.00 to $23.00.
Thursday, February 24, 2011
JPMorgan (JPM) Says Red Hat (RHT) Free Cash Flow Doesn't Make Sense
Shares of Red Hat (NYSE:RHT) are up 24 cents, or 0.6%, at $40.82 despite JP Morgan’s (NYSE:JPM) John Difucci today cutting his rating on the stock to Underperform from Neutral, writing that the company’s projected free cash flow growth of 25% is unlikely to materialize.
At the current price, writes Difucci, the stock is being valued based on future free cash flow growing at 25% per year. However, the company’s only been increasing free cash flow at about 8% per year, he writes. He gives the company the benefit of the doubt that it can increase that rate to more like 15% for a couple of years beyond 2012, which would imply, he believes, a stock value of $32. Should the company not pick up its growth rate, it could be worth as little as $27.
Since growth is unlikely in the company’s core middleware and Linux operating system license businesses, Red Hat would have to materially increase its sales of “virtualization” software, he writes, which he deems unlikely.
“We believe it is risky to assume Red Hat will become a meaningful player in server virtualization at this time,” writes Difucci, noting that customers seem mostly fairly happy with the titan in the business, VMWare (VMW), and that Microsoft (MSFT) and Citrix Systems (CTXS), and Oracle (ORCL) also have designs on that market. Red Hat has no clear advantage over those other contenders, he writes.
Full Story
At the current price, writes Difucci, the stock is being valued based on future free cash flow growing at 25% per year. However, the company’s only been increasing free cash flow at about 8% per year, he writes. He gives the company the benefit of the doubt that it can increase that rate to more like 15% for a couple of years beyond 2012, which would imply, he believes, a stock value of $32. Should the company not pick up its growth rate, it could be worth as little as $27.
Since growth is unlikely in the company’s core middleware and Linux operating system license businesses, Red Hat would have to materially increase its sales of “virtualization” software, he writes, which he deems unlikely.
“We believe it is risky to assume Red Hat will become a meaningful player in server virtualization at this time,” writes Difucci, noting that customers seem mostly fairly happy with the titan in the business, VMWare (VMW), and that Microsoft (MSFT) and Citrix Systems (CTXS), and Oracle (ORCL) also have designs on that market. Red Hat has no clear advantage over those other contenders, he writes.
Full Story
Friday, January 28, 2011
Citrix Systems' (NASDAQ:CTXS) Desktop Bookings Blow Past Expectations
Citrix Systems (NASDAQ:CTXS) had a strong quarter, led by a strong performance from desktop bookings, which easily beat analysts' expectations.
FBR says, "While the headline number was strong, a major focal point for investors this morning will be around the company's robust desktop bookings numbers, which handily beat Street expectations as the company finished the year strong on this all-important business segment. In terms of guidance the company raised its revenue guidance range for 2011, a healthy sign for Citrix as the company benefits from a strong product cycle and secular tailwinds in the field.
"For F1Q(March)11, we are raising our revenue estimate from $469.4 million to $473.0 million while lowering our pro forma EPS to $0.41 versus our prior estimate of $0.50. For FY11, we are raising our total revenue estimate from $2.05 billion to $2.12 billion while maintaining our pro forma EPS estimate of $2.31. We are also introducing our FY12 estimates of $2.33 billion and $2.60."
FBR Capital reiterates a "Market Perform" on Citrix Systems (CTXS), which closed Thursday at $64.83, gaining $1.32, or 2.08 percent. FBR raised their price target on Citrix from $55 to $65.
FBR says, "While the headline number was strong, a major focal point for investors this morning will be around the company's robust desktop bookings numbers, which handily beat Street expectations as the company finished the year strong on this all-important business segment. In terms of guidance the company raised its revenue guidance range for 2011, a healthy sign for Citrix as the company benefits from a strong product cycle and secular tailwinds in the field.
"For F1Q(March)11, we are raising our revenue estimate from $469.4 million to $473.0 million while lowering our pro forma EPS to $0.41 versus our prior estimate of $0.50. For FY11, we are raising our total revenue estimate from $2.05 billion to $2.12 billion while maintaining our pro forma EPS estimate of $2.31. We are also introducing our FY12 estimates of $2.33 billion and $2.60."
FBR Capital reiterates a "Market Perform" on Citrix Systems (CTXS), which closed Thursday at $64.83, gaining $1.32, or 2.08 percent. FBR raised their price target on Citrix from $55 to $65.
Thursday, January 27, 2011
Citrix Systems (NASDAQ:CTXS) Driven by Trade Up Program
Citrix Systems (NASDAQ:CTXS) generated good results in its latest quarter, driven by the reintroduction of their "Trade Up" program, which will be implemented throughout 2011, driving revenue even more.
Needham says, "The Citrix results were strong for the DecQ, not unexpectedly, as the 'trade up' program was brought back at the end of the calendar year, and consistently helps revenue growth in the core CTXS business, which was up +14% y/y and +17% q/q. The closely followed subgrouping of Xendesktop (VDI) within the core business had $125m bookings in the DecQ, vs. $60m in SeptQ, and also benefited from upgrade promotions. It is our understanding that the “trade up” programs will now be renewed to last through the entire CY11, which we believe will drive core business results for the year. Our new CY12 estimates assume a moderation of growth, though, and assume the trade-ups will only last through CY11. Guidance for the CY11 was above consensus, though there were questions on the weak MarQ EPS (attributed to 1H11 dilution of Netviewer acquisition in Dec 10). We believe CTXS is poised for a solid CY11, though we believe shares are fairly valued at 4.3x EV/CY12 revenue and 21x P/E."
Needham & Company reiterates a "Hold" rating on Citrix Systems (CTXS), which was trading at $64.72, gaining $1.21, or 1.91 percent.
Needham says, "The Citrix results were strong for the DecQ, not unexpectedly, as the 'trade up' program was brought back at the end of the calendar year, and consistently helps revenue growth in the core CTXS business, which was up +14% y/y and +17% q/q. The closely followed subgrouping of Xendesktop (VDI) within the core business had $125m bookings in the DecQ, vs. $60m in SeptQ, and also benefited from upgrade promotions. It is our understanding that the “trade up” programs will now be renewed to last through the entire CY11, which we believe will drive core business results for the year. Our new CY12 estimates assume a moderation of growth, though, and assume the trade-ups will only last through CY11. Guidance for the CY11 was above consensus, though there were questions on the weak MarQ EPS (attributed to 1H11 dilution of Netviewer acquisition in Dec 10). We believe CTXS is poised for a solid CY11, though we believe shares are fairly valued at 4.3x EV/CY12 revenue and 21x P/E."
Needham & Company reiterates a "Hold" rating on Citrix Systems (CTXS), which was trading at $64.72, gaining $1.21, or 1.91 percent.
Wednesday, January 19, 2011
Microsoft (Nasdaq:MSFT), Citrix Systems (Nasdaq:CTXS), Symantec (Nasdaq:SYMC), Top 2011 Software Picks of Deutsche Bank (NYSE:DB)
Microsoft (Nasdaq:MSFT), Citrix Systems (Nasdaq:CTXS) and Symantec (Nasdaq:SYMC) were named as the top software picks of 2011 by Deutsche Bank (NYSE:DB).
Deutsche says, "Our top picks for 2011 are MSFT, SYMC & CTXS. At 9x EV/FCF, we continue to believe that the downside is limited for MSFT and it could benefit from a Windows 7 enterprise refresh cycle in 2011. At 8x C2011 EV/FCF, we think expectations are low for SYMC and any improvement in execution and growth could yield solid stock performance. CTXS continues to lead the virtual desktop space and we believe that acceleration in VDI adoption could drive growth above expectations. At 19x 2011 EV/FCF, we believe the risk-reward is attractive. Risks include slowdown in IT spending."
Microsoft (MSFT) was trading at $28.44, down $0.22, or 0.75 percent, as of 12:14 PM EST. Citrix Systems (CTXS) was trading at $67.81, down $0.08, or 0.12 percent. Symantec (SYMC) was trading at $18.01, down $0.20, or 1.13 percent.
Deutsche says, "Our top picks for 2011 are MSFT, SYMC & CTXS. At 9x EV/FCF, we continue to believe that the downside is limited for MSFT and it could benefit from a Windows 7 enterprise refresh cycle in 2011. At 8x C2011 EV/FCF, we think expectations are low for SYMC and any improvement in execution and growth could yield solid stock performance. CTXS continues to lead the virtual desktop space and we believe that acceleration in VDI adoption could drive growth above expectations. At 19x 2011 EV/FCF, we believe the risk-reward is attractive. Risks include slowdown in IT spending."
Microsoft (MSFT) was trading at $28.44, down $0.22, or 0.75 percent, as of 12:14 PM EST. Citrix Systems (CTXS) was trading at $67.81, down $0.08, or 0.12 percent. Symantec (SYMC) was trading at $18.01, down $0.20, or 1.13 percent.
Citrix Systems (NASDAQ:CTXS) XenApp Conversion Could Generate $1.9 Billion
With the cost of converting XenApp customers over to XenDesktop rising significantly, Jefferies said Citrix Systems (NASDAQ:CTXS) could generate an additional $1.9 billion over the lifetime of the change.
Jefferies said, "the conversion of existing XenApp customers over to XenDesktop could generate an additional $1.9Bn in revenue for Citrix over the lifetime."
According to Jefferies, the prior XenApp to Xen Desktop trade-up program was about 5 percent more expensive than its predecessor. The new product will cost from 10 percent to 25 percent more.
Jefferies reiterates a "Buy" rating on Citrix Systems, which closed Tuesday at $67.89, down $0.16, or 0.24 percent. Jefferies raised their price target on Citrix from $70 to $79.
Jefferies said, "the conversion of existing XenApp customers over to XenDesktop could generate an additional $1.9Bn in revenue for Citrix over the lifetime."
According to Jefferies, the prior XenApp to Xen Desktop trade-up program was about 5 percent more expensive than its predecessor. The new product will cost from 10 percent to 25 percent more.
Jefferies reiterates a "Buy" rating on Citrix Systems, which closed Tuesday at $67.89, down $0.16, or 0.24 percent. Jefferies raised their price target on Citrix from $70 to $79.
Wednesday, January 5, 2011
UBS (NYSE:UBS) Sees Limited Upside for Citrix Systems (NASDAQ:CTXS)
Noting the seasonally weak period for software and a decline in bookings, UBS (NYSE:UBS) sees limited upside going for Citrix Systems (NASDAQ:CTXS).
UBS says, "With the shares embedding a strong FQ4 outlook we expect FQ4 earnings to provide little catalyst, and with the stock entering historical seasonal weakness in software and likely a sequential decline in FQ1 XD bookings we see limited upside. PT to $69 rolling forward 20 multiple to FY12e FCF."
UBS reiterates a "Neutral" rating on Citrix Systems, which closed Tuesday at $67.07, down $0.89, or 1.31 percent. UBS did bump their price target up from $64 to $69.
UBS says, "With the shares embedding a strong FQ4 outlook we expect FQ4 earnings to provide little catalyst, and with the stock entering historical seasonal weakness in software and likely a sequential decline in FQ1 XD bookings we see limited upside. PT to $69 rolling forward 20 multiple to FY12e FCF."
UBS reiterates a "Neutral" rating on Citrix Systems, which closed Tuesday at $67.07, down $0.89, or 1.31 percent. UBS did bump their price target up from $64 to $69.
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