Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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) -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (7219)	11/19/1999 3:50:00 AM
From: tekboy	Respond to of 9068

Briefing.com had this to say about the affair during the day: Citrix Systems (CTXS) 96 5/8 +14 7/8: Talk about pounding the table on a stock. Since April of this year, analyst Wendell Laidley of CS First Boston has reiterated his strong buy rating on CTXS no fewer than eight times. To his credit, he has been right on the money by not diverging from his view, and if investors heeded his advice, they would be in the money as CTXS, at its highs today, was up 262% since his April call. Yes, there have been a few dips along the way, and yes, other analysts have voiced bullish views, but it seems none have been as vociferous in their beliefs as Laidley. Perhaps that's why the stock is soaring today as Laidley is again trumpeting the company's prospects and raising his price target from $83 to $145. What Citrix does is supply software for Application Service Providers (ASPs) which is the burgeoning market for delivering software via the Internet. It has been estimated that the market for server-based computing software could hit $2 bln by 2002. Essentially, this approach enables companies to cut costs as they are able to rent software and services rather than having to buy and manage them in-house; hence, providing another example of how the Internet is helping companies become more efficient. It is worth noting that Laidley's revision to his price target comes after meeting with the head of Citrix's iBusiness unit, and according to the analyst, the move was predicated on the company's position in an exploding market, robust product cycle, abundant design wins, and potential for significant upside relative to estimates. For its fiscal fourth quarter, Citrix is expected to earn $0.37 per share, but Laidley believes the company is tracking slightly ahead of that target and slightly ahead of expectations for $114 mln in revenue. Given his track record on Citrix, it would seem investors have little reason to doubt him.-- PJO tekboy@CTXS?.com