Amazon's (AMZN) Workspaces Negative for Citrix (CTXS) - Jefferies

November 13, 2013 4:01 PM EST
Get Alerts CTXS Hot Sheet
Price: $92.63 -0.99%

Rating Summary:
    16 Buy, 21 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Amazon's (Nasdaq: AMZN) Workspaces product for Desktop creates "incrementally more competition" for Citrix (Nasdaq: CTXS) and VMware (NYSE: VME) products, according to Jefferies analyst Ross MacMillan.

Workspaces appears to be attractively priced and competes with the majority of Citrix business, he said. Its product use PCoIP protocal vs Citrix ICA protocal.

Jefferies has a Buy rating on Citrix Systems with a price target of $70.00

For an analyst ratings summary and ratings history on Citrix Systems (NASDAQ: CTXS) click here. For more ratings news on Citrix Systems click here.

Shares of Citrix Systems closed at $60.95 yesterday.

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