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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: Redman who wrote (7803)	4/11/2000 7:15:00 PM
From: Redman	Read Replies (2) of 9068

After reading the Painewebber upgrade, a question popped up. Does anybody know what "cloudware player" is all about. Used here, it sounds like a new product. But, it could also be a generic term I am not used to. Any help is appreciated. Red PaineWebber Initiates Citrix At Buy, Novell At Neutral (CTXS) (NewsTraders.com) -- Citrix Systems (CTXS) was the apple of PaineWebber analyst Don Young's eye this morning, as he initiated the stock with a "buy" rating and a $115 price goal, while adding it to the brokerage's "Highlighted Stocks" list. Young believes Citrix's CloudWare player is exploiting a number of trends, including thin client computing and application service provider infrastructure. The analyst noted that the recent pullback in the application server provider's shares gives investors an attractive entry point, at a P/E ratio less than twice the company's growth rate. With an eye towards the firm's expansion, Young said Citrix is moving beyond its Windows-based stronghold to Unix applications and wireless clients. For 2000 and 2001, Young established EPS estimates of $0.86 and $1.10, respectively.

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