Citrix Systems Stock Gaps Up On Today's Open (CTXS)

NEW YORK ( TheStreet) -- Shares of Citrix Systems (Nasdaq: CTXS) were gapping up Thursday morning with an open price 11.9% higher than Wednesday's closing price. The stock closed at $77.17 Wednesday and opened today's trading at $86.35.

The average volume for Citrix Systems has been 1.6 million shares per day over the past 30 days. Citrix Systems has a market cap of $13.84 billion and is part of the technology sector and computer software & services industry. Shares are up 22.7% year to date as of the close of trading on Wednesday.

Citrix Systems, Inc. designs, develops, and markets technology solutions to deliver information technology services on-demand worldwide. The company has a P/E ratio of 39.9, 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, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Citrix Systems Ratings Report.

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