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Technology Stocks : Citrix Systems (CTXS)
CTXS 103.900.0%Nov 2 5:00 PM EST
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To: dstange who wrote (8405)6/13/2000 12:43:00 PM
From: Mike Buckley  Read Replies (1) of 9068
 
Have revised guidance for '00 to .70 down from .90

If the company makes $.10 in Q2, it will need to make $.41 in the last two quarters to achieve $.70. In other words, each of the last two quarters will have to average 100% better than Q2. That's an astounding sense of optimisim.

My guess is that this is an analyst who'd rather save face by gradually winding down estimates instead of lowering them all at once.

--Mike Buckley
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