Citrix Systems Inc. (CTXS): Today's Featured Computer Software & Services Winner
(
) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day down 0.2%. By the end of trading, Citrix Systems rose 90 cents (1.2%) to $78.65 on average volume. Throughout the day, 1.8 million shares of Citrix Systems exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in a price between $76.98-$79.05 after having opened the day at $77.87 as compared to the previous trading day's close of $77.75. Other companies within the Computer Software & Services industry that increased today were:
(
), up 16.9%,
(
), up 11.1%,
(
), up 8.9%, and
TheStreet Recommends
(
), up 8%.
Citrix Systems, Inc. designs, develops, and markets technology solutions to deliver information technology services on-demand worldwide. Citrix Systems has a market cap of $13.93 billion and is part of the
sector. The company has a P/E ratio of 40.4, 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 23.2% year to date as of the close of trading on Monday. Currently there are 19 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
. 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, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Citrix Systems Ratings Report.
On the negative front,
e-Future Information Technology
(
), down 10.9%,
(
), down 8.1%,
(
), down 6.9%, and
(
), down 6.8%, were all losers within the computer software & services industry with
(
) being today's computer software & services industry loser.
- 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
(
) while those bearish on the computer software & services industry could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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