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UPDATE: Jefferies Starts Citrix Systems (CTXS) at Hold

November 20, 2014 4:35 PM EST
Get Alerts CTXS Hot Sheet
Price: $103.90 --0%

Rating Summary:
    12 Buy, 19 Hold, 6 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 9 | Down: 8 | New: 10
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(Updated - November 21, 2014 8:36 AM EST)

Jefferies initiated coverage on Citrix Systems (NASDAQ: CTXS) with a Hold rating and a price target of $64.00.

Analyst John DiFucci commented, "We believe that Citrix faces structural challenges in its core Mobile and Desktop segment – a unit that accounts for more than half of the company’s revenue and even more of the company’s profit – and that shares look fairly valued at current levels. CTXS now trades well above with what we calculate as its base value of about $55, which we define as the value of its recurring revenue alone."

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 $64.62 yesterday.



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