Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) 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 up 1.8%. By the end of trading, Citrix Systems fell $4.31 (-7.5%) to $53.29 on heavy volume. Throughout the day, 17,985,081 shares of Citrix Systems exchanged hands as compared to its average daily volume of 2,790,500 shares. The stock ranged in price between $51.18-$53.63 after having opened the day at $51.53 as compared to the previous trading day's close of $57.60. Other companies within the Computer Software & Services industry that declined today were:
), down 10.2%,
), down 8.5%,
), down 7.3% and
), down 6.9%.
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Citrix Systems, Inc. provides cloud computing solutions that enable information technology (IT) and service providers to build private and public clouds worldwide. The company operates in two divisions, Enterprise and Online Services. Citrix Systems has a market cap of $10.9 billion and is part of the technology sector. The company has a P/E ratio of 35.4, above the S&P 500 P/E ratio of 17.7. Shares are down 8.9% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Citrix Systems a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and deteriorating net income.
- You can view the full Citrix Systems Ratings Report.
On the positive front,
), up 29.3%,
), up 18.9%,
), up 17.1% and
), up 13.9% , were all gainers within the computer software & services industry with
) being today's featured computer software & services industry leader.
- Use our computer software & services section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider
) while those bearish on the computer software & services industry could consider
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