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Technology Stocks : Citrix Systems (CTXS)

CTXS 103.90

0.0%

Nov 2 5:00 PM EST

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To: David Perfette who wrote (7029)	10/19/1999 5:03:00 PM
From: tekboy	Read Replies (1) of 9068

CFSB on CTXS, posted this morning Citrix Systems, Inc. (CTXS, $59.13, STRONG BUY) Target (12 Months): $83 Metaframe Equals Megafame; Raising P.T To $83 Citrix reported another strong quarter for Q3:99 with revenue of $105 million and EPS of $0.35, surpassing our $102 million and $0.33 estimates. Consensus EPS was $0.34. New revenue categories reflected continued strong growth in core products (MF, WF, addl. users) as well as solid attach rates for complementary management products. Reiterating STRONG BUY rating with no change in our estimates, which are at the high-end of Street range. We are raising our price target from $74 to $83 (50 times 2000 EPS estimate of $1.65), which suggests 40% upside in the shares from current levels. Annual EPS 12/00E $1.65 12/99E 1.35 12/98A 0.86

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