Citrix Systems Inc ( CTXS) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services loser. The industry as a whole closed the day down 2.7%. By the end of trading, Citrix Systems Inc fell $2.68 (-3.9%) to $65.49 on light volume. Throughout the day, 1.5 million shares of Citrix Systems Inc exchanged hands as compared to its average daily volume of 2.8 million shares. The stock ranged in price between $65.17-$67.94 after having opened the day at $67.61 as compared to the previous trading day's close of $68.17. Other company's within the Computer Software & Services industry that declined today were: China Digital TV ( STV), down 14.9%, Astea International Inc ( ATEA), down 11.9%, Tangoe Inc ( TNGO), down 10%, and Shanda Games ( GAME), down 9%. Citrix Systems, Inc. designs, develops, and markets technology solutions that deliver information technology services on-demand worldwide. Citrix Systems Inc has a market cap of $12.86 billion and is part of the technology sector. The company has a P/E ratio of 38.3, 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 0.8% year to date as of the close of trading on Tuesday. 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, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
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