Goldman Sachs Rates Citrix Systems (CTXS) at Neutral

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/16/2026

1. AMAT
2. GLOB
3. SPY
4. RDDT
5. HTFL
6. SNDK
7. WDAY
8. ADYEN:NA
9. DVLT
10. ADYYF

July 12, 2011 7:10 AM EDT
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: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Goldman Sachs assumes coverage on Citrix Systems (NASDAQ: CTXS) with a Neutral rating and $89 price target.

The firm is modeling XenDesktop bookings to grow 60% in CY2011 to $520 million. On this they said "the key then is how quickly this business can ramp to help accelerate overall top-line revenue growth and ultimately, EPS."

Goldman continues to believes the company's desktop solution is viewed more favorably than VMware's (NYSE: VMW) and estiamtes that bookings remain 2X-3X greater in this segment. That said, they see penetration beyond today's level of 5-10% a few years off.

For more ratings news on Citrix Systems click here and for the rating history of Citrix Systems click here.

Shares of Citrix Systems closed at $79.19 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

New Coverage

Related Entities

Goldman Sachs