NEW YORK (TheStreet) -- Citrix Systems (CTRX)  shares are up 4.75% to $62 in after -hours trading on Wednesday after the cloud computing company reported its fourth quarter earnings results after the closing bell today.

The company reported fourth quarter net earnings of $180 million, or $1.10 per diluted share, on revenue of $851 million, which increased from the $805 million it reported during the same period last year.

Analysts on average were expecting the company to earn $1.03 per share on revenue of $844.2 million.

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TheStreet Ratings team rates CITRIX SYSTEMS INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate CITRIX SYSTEMS INC (CTXS) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and weak operating cash flow."

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