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 down 0.4%. By the end of trading, Citrix Systems fell 77 cents (-1.1%) to $71.88 on average volume. Throughout the day, 1.9 million shares of Citrix Systems exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in price between $71.11-$72.81 after having opened the day at $72.46 as compared to the previous trading day's close of $72.65. Other companies within the Technology sector that declined today were: Akamai Technologies ( AKAM), down 15.2%, Peregrine Semiconductor ( PSMI), down 14.3%, Atmel Corporation ( ATML), down 14.2%, and Triquint Semiconductor ( TQNT), down 12.6%.
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Citrix Systems, Inc. designs, develops, and markets technology solutions to deliver IT services on-demand worldwide. Citrix Systems has a market cap of $13.69 billion and is part of the computer software & services industry. The company has a P/E ratio of 25.5, above the S&P 500 P/E ratio of 17.7. Shares are up 11.7% year to date as of the close of trading on Wednesday. Currently there are 20 analysts that rate Citrix Systems a buy, no analysts rate it a sell, and seven 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, Viasat ( VSAT), up 24%, Vipshop Holdings Ltd ADR ( VIPS), up 22.1%, Planar Systems ( PLNR), up 21.3%, and Geospace Technologies ( GEOS), up 17.5%, were all gainers within the technology sector with Informatica Corporation ( INFA) 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).

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