| Citrix Systems (CTXS: news, chart, profile) sank more than 10 percent after the Fort Lauderdale, Fla., application serving software firm reported fourth-quarter earnings before items of $39.4 million, or 21 cents a share, up from a year-ago equivalent profit of $31.7 million, or 16 cents a share, and a penny ahead of the average estimate of analysts polled by Thomson Financial/First Call. First Albany, however, lowered its rating on the stock to "neutral" from "buy," saying that management trimmed the outlook for 2002 worse than it had expected. The firm, which cut its price target to $17, is taking cautious view of 2002 and 2003, lowering its respective estimates to earnings of 70 cents a share on revenue of $614 million, and earnings of 85 cents a share on revenue of $700 million. It had been looking for 2002 earnings of 89 cents a share on revenue of $684 million, and 2003 earnings of $1.05 per share. |
