Citrix Systems (CTXS) Message Board

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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 (6056)	1/20/1999 12:22:00 PM
From: mauser96	Read Replies (1) of 9068

A run up before earnings in tech stocks is typical of this market. If there is a blow-off, the stock pops more (MSFT today) if not it falls back some (CTXS today). This is particularly true if earnings visibility is dubious.In the medium term it is meaningless. At the conference call Citrix said that they had new contract wins at Motorola, Intergraph, and best of all Compaq. Lots of new customers, but also important is that half it's business is coming from existing customers. This must mean they are happy with CTXS products. They were guarded in in trying to determine the impact of MSFT's lowered license fees. (IMHO, this is quite important). The present P/E of 42 on 1999 estimated earnings seems very reasonable considering the general market. It's my guess that 1998 -1999 growth will exceed this P/E.

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