COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00400

+185.7%

Dec 5 9:30 AM EST

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To: Jeffery E. Forrest who wrote (7155)	10/21/1997 12:25:00 PM
From: David Lawrence	Read Replies (4) of 22053

Howz about that Citrix!?!?!?! :-)))))))) NEW YORK, Oct 21 (Reuters) - Shares in software company Citrix Systems Inc rocketed 20 percent on Tuesday on the back of much stonger-than-expected third-quarter earnings. Late Monday the Fort Lauderdale, Fla.-based company posted earnings per share of $0.44, compared with $0.19 a year ago. Wall Street had been expected the company to post $0.31 a share in the quarter, according to First Call. Lehman Brothers analyst Michael Stanek called the quarterly results an "absolute, unequivocal blowout." Citrix's shares were up 12-3/8 to 72-1/2 in morning trading. In a report Stanek said the strong results were fueled by excellent" sales of Citrix's WinFrame client/server software and robust license revenue. The company's net revenues for the third quarter were $34.9 million, up 199 percent from $11.7 million in the year-ago period. "This is pure organic unstoppable growth," said Stanek, who reiterated his buy rating and set a 12-month price target of $95 on the stock. "We recommend that you close your eyes, ignore valuation, and just buy the stock," Stanek said in the report. Gotta love that last paragraph if yer long!

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