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Technology Stocks : Citrix Systems (CTXS) -- Ignore unavailable to you. Want to Upgrade?


To: jhg_in_kc who wrote (7401)12/13/1999 6:51:00 PM
From: astyanax  Read Replies (1) | Respond to of 9068
 
>>jhg_in_kc wrote: Citrix Systems raised
NEW YORK, Dec 13 (Reuters) - Banc of America raised its price target for Citrix Systems Inc. (NasdaqNM:CTXS
- news) on Monday to $146 a share from $77.
===

Finally. Beyond just valuation, I think (I'm speculating here) that there is plenty of upside in revenue and earnings estimates for this stock. Many of the estimates were made with little consideration given to the fact that the ASP market (though small now) will provide a strong boost to Citrix, both in terms of revenue and diversifying the sources of their revenue streams.

Despite competitive threats posed by the likes of Microsoft, GraphOn, and Santa Cruz Operation, there is little argument that Citrix has: 1)superior technology, 2)with almost no direct competition, 3)in a lucrative and expanding market. With or without ASP. With or without Microsoft.

- Netconductor.com, long @ $59 and lovin' it