Why Citrix Systems (CTXS) Stock Is Gaining After Hours

NEW YORK (TheStreet) -- Citrix Systems (CTXS) stock is climbing in extended trading after the cloud-computing specialist beat analysts' estimates for first-quarter revenue and earnings.

After the bell, shares had added 5.2% to $58.90.

Over the three months to March, the company earned 64 cents a share, 6 cents higher than analysts surveyed by Thomson Reuters expected. 

Revenue of $751 million was 12% higher year over year and beat estimates by $19 million.

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TheStreet Ratings team rates CITRIX SYSTEMS INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate CITRIX SYSTEMS INC (CTXS) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. 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."

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