Citrix (CTXS) in Focus: Stock Tumbles 7.5% - Tale of the Tape

By Zacks Equity Research,

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Citrix Systems, Inc. ( CTXS ) saw a big move in the last trading session, as the company's shares fell by nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for LMNR as the stock is now down over 15% since Jan 15.

The company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks. There has been one downward revision in the last 30 days, but the consensus for earnings hasn't been in a trend. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

CTXS currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%

Some better-ranked stocks in the computer software sector include American Software, Inc. ( AMSWA ), Open Text Corporation ( OTEX ) and Check Point Software Technologies Ltd. ( CHKP ). While American Software and Open Text carry a Zacks Rank #1 (Strong Buy), Check Point Software holds a Zacks Rank #2 (Buy).

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CITRIX SYS INC (CTXS): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: AMSWA , CHKP , CTXS , OTEX

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