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 higher today making it today's featured technology winner. The sector as a whole closed the day down 0.4%. By the end of trading, Citrix Systems rose $0.98 (1.5%) to $65.55 on average volume. Throughout the day, 2,753,412 shares of Citrix Systems exchanged hands as compared to its average daily volume of 2,038,100 shares. The stock ranged in a price between $64.12-$65.98 after having opened the day at $65.05 as compared to the previous trading day's close of $64.57. Other companies within the Technology sector that increased today were:
Dataram Corporation (
DRAM), up 38.0%,
WPCS International (
WPCS), up 14.6%,
Chyron Corporation (
CHYR), up 13.9% and
RELM Wireless Corporation (
RWC), up 12.8%.
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Citrix Systems, Inc. provides cloud computing solutions that enable information technology (IT) and service providers to build private and public clouds worldwide. The company operates in two divisions, Enterprise and Online Services. Citrix Systems has a market cap of $12.0 billion and is part of the computer software & services industry. The company has a P/E ratio of 35.2, above the S&P 500 P/E ratio of 17.7. Shares are down 2.3% year to date as of the close of trading on Wednesday. Currently there are 19 analysts that rate Citrix Systems a buy, 1 analyst rates it a sell, and 7 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, good cash flow from operations, 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 negative front,
Renewable Energy Trade Board (
EBOD), down 38.7%,
Kemet Corporation (
KEM), down 26.2%,
Rackspace Hosting (
RAX), down 24.7% and
Nortech Systems Incorporated (
NSYS), down 20.0% , were all laggards within the technology sector with
Intuit (
INTU) being today's technology sector laggard.
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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