Citrix up bigtime - how does this relate to APLX?
Citrix are also thin-client people but not having a good understanding of the business I don't know the differences between the companies. At any rate, they are doing something right:
NEW YORK, Oct 21 (Reuters) - Shares in software company
Citrix Systems Inc rocketed 20 percent on Tuesday on the back
of much stronger-than-expected third-quarter earnings.
Late Monday the Fort Lauderdale, Fla.-based company posted
earnings per share of $0.44, compared with $0.19 a year ago.
Wall Street had been expected the company to post $0.31 a share
in the quarter, according to First Call.
Lehman Brothers analyst Michael Stanek called the quarterly
results an "absolute, unequivocal blowout."
Citrix's shares were up 12-3/8 to 72-1/2 in morning trading.
In a report Stanek said the strong results were fueled by
"excellent" sales of Citrix's WinFrame client/server software
and robust license revenue.
The company's net revenues for the third quarter were
$34.9 million, up 199 percent from $11.7 million in the
year-ago period.
"This is pure organic unstoppable growth," said Stanek, who
reiterated his buy rating and set a 12-month price target of
$95 on the stock.
"We recommend that you close your eyes, ignore valuation,
and just buy the stock," Stanek said in the report.
REUTERS
Rtr 11:31 10-21-97
(How about that last sentence? And where was he two weeks ago when this stock was $50?)
Comments anybody? Does this indicate good times ahead for the thin client world or is CTXS doing what APLX can't? |
