Citrix Systems Inc. (CTXS): Today's Featured Computer Software & Services Laggard

Citrix Systems (CTXS) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day down 0.7%. By the end of trading, Citrix Systems fell $1.82 (-2.5%) to $70.86 on light volume. Throughout the day, 1.3 million shares of Citrix Systems exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in price between $70.83-$73.33 after having opened the day at $72.97 as compared to the previous trading day's close of $72.68. Other company's within the Computer Software & Services industry that declined today were: ServiceSource International (SREV), down 27.9%, Chyron Corporation (CHYR), down 16%, Sourcefire (FIRE), down 14.4%, and TigerLogic Corporation (TIGR), down 13.9%.

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Citrix Systems, Inc. designs, develops, and markets technology solutions to deliver IT services on-demand worldwide. Citrix Systems has a market cap of $13.64 billion and is part of the technology sector. The company has a P/E ratio of 38.4, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 20.6% year to date as of the close of trading on Tuesday. Currently there are 18 analysts that rate Citrix Systems a buy, one analyst rates it a sell, and seven rate it a hold.

TheStreet Ratings rates Citrix Systems as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

• You can view the full Citrix Systems Ratings Report.

On the positive front, Wizzard Software Corporation (WZE), up 21.4%, Merge Healthcare (MRGE), up 12.8%, Guidance Software (GUID), up 8.8%, and CounterPath Corporation (CPAH), up 8.4%, were all gainers within the computer software & services industry with Symantec (SYMC) being today's featured computer software & services industry leader.

• Use our computer software & services section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx (IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology (REW).

• Find other investment ideas from our top rated ETFs lists.

For more information on Citrix Systems Inc. click any of the following:

• Citrix Systems Inc. Stock Price

• Citrix Systems Inc. Analyst Ratings

• Citrix Systems Inc. Key Stats & Profile

• Citrix Systems Inc. Earnings

• Citrix Systems Inc. Ratio Comparison

• Citrix Systems Inc. Growth Rates

• Citrix Systems Inc. Balance Sheet

• Citrix Systems Inc. Cash Flow

• Citrix Systems Inc. Income Statement