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

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.

NEW YORK ( TheStreet) -- Shares of Citrix Systems (Nasdaq: CTXS) were gapping up Thursday morning with an open price 12.4% higher than Wednesday's closing price. The stock closed at $66.98 Wednesday and opened today's trading at $75.29.

  • 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.

The average volume for Citrix Systems has been 2.3 million shares per day over the past 30 days. Citrix Systems has a market cap of $13.33 billion and is part of the technology sector and computer software & services industry. Shares are up 4.7% year to date as of the close of trading on Wednesday.

Citrix Systems, Inc. designs, develops, and markets technology solutions to deliver IT services on-demand worldwide. The company has a P/E ratio of 37.6, 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 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. You can view the full Citrix Systems Ratings Report.

Get more investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.

null

More from Markets

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Red Robin Slumps After Earnings Miss

Red Robin Slumps After Earnings Miss

Owner of Moviepass Sees Stock Plummet

Owner of Moviepass Sees Stock Plummet

Tiffany & Co. Sees a Strong Market in Asia

Tiffany & Co. Sees a Strong Market in Asia

Stocks Finish Higher After Release of Fed Minutes

Stocks Finish Higher After Release of Fed Minutes