SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Citrix Systems (CTXS)
CTXS 103.900.0%Nov 2 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Innuit who wrote (8349)6/12/2000 3:00:00 PM
From: wrm1  Read Replies (1) of 9068
 
RESEARCH ALERT - Citrix (NASDAQ:CTXS) ratings cut
(Reuters, 06/12/2000 14:49)

NEW YORK, June 12 (Reuters) - Two brokerages on Monday cut their ratings on shares of Citrix Systems Inc. after the customer-management software maker said its second-quarter earnings would not meet expectations.

Credit Suisse First Boston said in a research note it had cut its rating to a buy from a strong buy.

CSFB said:
-- "From our perspective, the most surprising data point from today is that CTXS' channel demand is slowing at the same time the company's enterprise sales strategy is not achieving its targets (Q2, at least). While enterprise sales do involve longer sales cycles, if overall customer and market demand is still increasing there should be a relatively proportional demand transfer from channel to enterprise, rather than a simultaneous decline in both distribution channels."

PaineWebber said in a research note it had removed Citrix from its "highlighted stocks" list and cut its rating from buy to neutral.

PaineWebber said:

-- "While we believe server-based computing will continue to be a healthy trend, we believe Citrix may be challenged to grow at faster than 25 percent longer term."

Citrix shares were down 19 at 22-3/16 on Nasdaq.

WRM1
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News