NEW YORK (

TheStreet

) -- Shares of

Citrix Systems

(Nasdaq:

CTXS

) were gapping up Thursday morning with an open price 16.6% higher than Wednesday's closing price. The stock closed at $64.22 Wednesday and opened today's trading at $74.89.

The average volume for Citrix Systems has been 3.3 million shares per day over the past 30 days. Citrix Systems has a market cap of $12.3 billion and is part of the

technology

sector and

computer software & services

industry. Shares are down 6.1% year to date as of the close of trading on Wednesday.

Citrix Systems, Inc. designs, develops, and markets technology solutions that deliver information technology services on-demand worldwide. The company has a P/E ratio of 36.9, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Citrix Systems Ratings Report

.

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