Citrix Systems, Inc. ( CTXS ) was a big mover last session, as the company saw its shares rise by over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $54.56 to $60.90 in the past one-month time frame.
This software company has seen one negative estimate revision over the past 30 days while its Zacks Consensus Estimate has moved down over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Citrix Systems currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Some better-ranked stocks in the technology sector include Manhattan Associates, Inc. ( MANH ), Adobe Systems Inc. ( ADBE ) and Decisionpoint Systems, Inc. ( DPSI ). While Manhattan Associates holds a Zacks Rank #1 (Strong Buy), Adobe Systems and Decisionpoint Systems carry a Zacks Rank #2 (Buy).
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