Citrix Systems Inc. (CTXS): Today's Featured Technology Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Citrix Systems ( CTXS) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Citrix Systems fell $1.39 (-2.2%) to $61.16 on average volume. Throughout the day, 2.6 million shares of Citrix Systems exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in price between $60.89-$63.10 after having opened the day at $62.61 as compared to the previous trading day's close of $62.55. Other companies within the Technology sector that declined today were: Renewable Energy Trade Board ( EBOD), down 43.7%, NTELOS Holdings ( NTLS), down 20.2%, BOS Better Online Solutions ( BOSC), down 19.9%, and iGo ( IGOI), down 15.2%.
  • 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. designs, develops, and markets technology solutions to deliver IT services on-demand worldwide. Citrix Systems has a market cap of $11.36 billion and is part of the computer software & services industry. The company has a P/E ratio of 33.3, above the S&P 500 P/E ratio of 17.7. Shares are up 0.2% year to date as of the close of trading on Thursday. Currently there are 17 analysts that rate Citrix Systems a buy, no analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Citrix Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, 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.

On the positive front, Remark Media ( MARK), up 41%, Mitel Networks Corporation ( MITL), up 29.3%, Tellabs ( TLAB), up 20.7%, and Globalstar Incorporated ( GSAT), up 17.5%, were all gainers within the technology sector with Check Point Software Technologies ( CHKP) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.

null

More from Markets

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

Dow Rises for First Time in 9 Days, Oil Soars as OPEC Agrees to Boost Output

Dow Rises for First Time in 9 Days, Oil Soars as OPEC Agrees to Boost Output

Jim Cramer: Some Industrials Stocks Are Becoming Great Values

Jim Cramer: Some Industrials Stocks Are Becoming Great Values

Jim Cramer Reacts to Toni Sacconaghi's Latest Tesla Note

Jim Cramer Reacts to Toni Sacconaghi's Latest Tesla Note

Howard Schultz to Jim Cramer: Starbucks Stock Is Cheap and Undervalued

Howard Schultz to Jim Cramer: Starbucks Stock Is Cheap and Undervalued