Citrix Systems Inc. (CTXS): Today's Featured Computer Software & Services Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Citrix Systems ( CTXS) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day up 1.0%. By the end of trading, Citrix Systems rose $3.35 (5.8%) to $60.59 on heavy volume. Throughout the day, 8,091,725 shares of Citrix Systems exchanged hands as compared to its average daily volume of 2,989,900 shares. The stock ranged in a price between $56.62-$60.96 after having opened the day at $57.31 as compared to the previous trading day's close of $57.24. Other companies within the Computer Software & Services industry that increased today were: Merge Healthcare ( MRGE), up 15.0%, AVG Technologies ( AVG), up 13.2%, Smith Micro Software ( SMSI), up 7.8% and icad ( ICAD), up 6.3%.

Citrix Systems, Inc. provides cloud computing solutions worldwide. The company operates in two divisions, Enterprise and Online Services. Citrix Systems has a market cap of $10.7 billion and is part of the technology sector. Shares are down 9.5% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Citrix Systems a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Citrix Systems as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself.

On the negative front, TigerLogic Corporation ( TIGR), down 6.6%, The9 ( NCTY), down 4.7%, Authentidate Holding Corporation ( ADAT), down 4.6% and Aware ( AWRE), down 3.9%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx ( IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology ( REW).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

More from Markets

Dow Seeks Direction as Bond Yields Inch Closer to 3% Threshold

Dow Seeks Direction as Bond Yields Inch Closer to 3% Threshold

Aluminum Prices Plummet as U.S. Is Open to Easing Sanctions on Russia's Rusal

Aluminum Prices Plummet as U.S. Is Open to Easing Sanctions on Russia's Rusal

Akorn's Stock Crashes as Germany's Fresenius Ends Takeover Amid Data Allegations

Akorn's Stock Crashes as Germany's Fresenius Ends Takeover Amid Data Allegations

Trump to Blame for Oil's Recent Surge, Not OPEC

Trump to Blame for Oil's Recent Surge, Not OPEC

3 Things Investors Must Know for Monday

3 Things Investors Must Know for Monday