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Citrix Systems (CTXS) Shows Strength: Stock Gains 12%

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Citrix Systems, Inc.CTXS was a big mover last session with its shares rising just over 12% on the day. The upside came on the company's announcement of better-than-expected third-quarter 2015 results, on both the earnings and revenue front. This development led to far more shares changing hands yesterday than in a normal session. The move breaks the recent trend of the company, as the stock is trading above the past month's volatile price range of $67.62 and $76.02.

This technology and software services company has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate has also remained unchanged over the same time frame. Yesterday's rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

Citrix Systems currently has a Zacks Rank #3 (Hold).

Investors interested in the technology industry may consider American Software, Inc. AMSWA that carries a Zacks Rank #1 (Strong Buy).

Is CTXS going up? Or down? Predict to see what others think: Up or Down

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CITRIX SYS INC (CTXS): Free Stock Analysis Report

AMER SOFTWARE A (AMSWA): Free Stock Analysis Report

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


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

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