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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Citrix Systems fell $2.09 (-2.8%) to $72.29 on heavy volume. Throughout the day, 2,761,128 shares of Citrix Systems exchanged hands as compared to its average daily volume of 1,684,400 shares. The stock ranged in price between $71.71-$73.63 after having opened the day at $73.54 as compared to the previous trading day's close of $74.38. Other companies within the Technology sector that declined today were:
), down 20.6%,
), down 14.9%,
), down 12.2% and
), down 11.7%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
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 $14.3 billion and is part of the computer software & services industry. Shares are up 15.9% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Citrix Systems a buy, 1 analyst rates 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 robust revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. 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 positive front,
), up 61.1%,
), up 19.1%,
), up 18.9% and
), up 11.0% , were all gainers within the technology sector with
) being today's featured technology sector leader.
- Use our technology section to find sector-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 technology sector could consider
) while those bearish on the technology sector could consider
- Find other investment ideas from our top rated ETFs lists.