Jefferies Starts Citrix Systems (CTXS) at Hold
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Price: $58.46 -7.76%
Rating Summary:
11 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
11 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies initiates coverage on Citrix Systems (NASDAQ: CTXS) with a Hold and $62 price target.
The firm comments, "Citrix is a play on desktop virtualization, data center technologies, collaboration and cloud infrastructure. Near-term, we are concerned that unclear ROI on desktop virtualization makes it a more discretionary purchase, which could lead to mixed performance in a tighter IT spending environment."
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 $55.96 yesterday.
The firm comments, "Citrix is a play on desktop virtualization, data center technologies, collaboration and cloud infrastructure. Near-term, we are concerned that unclear ROI on desktop virtualization makes it a more discretionary purchase, which could lead to mixed performance in a tighter IT spending environment."
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 $55.96 yesterday.
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