UBS Maintains a 'Neutral' on Citrix Systems (CTXS); Raising PT & Estimates
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Price: $63.65 -1.18%
Rating Summary:
18 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
18 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade CTXS Now!
UBS maintains a 'Neutral' on Citrix Systems (NASDAQ: CTXS) price target raised from $75 to $82.
Analyst, Brent Thill, said, "'Beat and raise' FQ1 at $589M/$0.59 vs. UBS/Street $563.5/$562.3M and $0.52/$0.51. Key demand metrics impressed, 1) license +19% y/y vs. UBS/Street +14%, 2) bookings +22% y/y vs. UBS/Street +14%/+12% and the strongest growth in over a year, 3) deferred +2.4% q/q vs.
seasonal +1.5%...CTXS enters FY12 with momentum but shares look fairly valued given OM leverage may prove elusive."
UBS raises FY12 EPS estimate from $2.73 to $2.78 and FY13 from $3.07 to $3.13.
For an analyst ratings summary and ratings history on Citrix Systems click here. For more ratings news on Citrix Systems click here.
Shares of Citrix Systems closed at $77.17 yesterday, with a 52 week range of $50.21-$88.49.
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Analyst, Brent Thill, said, "'Beat and raise' FQ1 at $589M/$0.59 vs. UBS/Street $563.5/$562.3M and $0.52/$0.51. Key demand metrics impressed, 1) license +19% y/y vs. UBS/Street +14%, 2) bookings +22% y/y vs. UBS/Street +14%/+12% and the strongest growth in over a year, 3) deferred +2.4% q/q vs.
seasonal +1.5%...CTXS enters FY12 with momentum but shares look fairly valued given OM leverage may prove elusive."
UBS raises FY12 EPS estimate from $2.73 to $2.78 and FY13 from $3.07 to $3.13.
For an analyst ratings summary and ratings history on Citrix Systems click here. For more ratings news on Citrix Systems click here.
Shares of Citrix Systems closed at $77.17 yesterday, with a 52 week range of $50.21-$88.49.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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