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

To: Chuzzlewit who wrote (7739)	3/31/2000 5:27:00 PM
From: jhg_in_kc	Read Replies (1) \| Respond to of 9068

40% growth seen in CTXS, CBS says. <<Long-haul Citrix Another top company, Citrix Systems, (CTXS: news, msgs) which has been churning out quarter-after-quarter of solid earnings for most of a decade, has fallen 41 percent from its March high. The stock had jumped 78 percent from peak-to-trough over the past two months. Citrix vs. its moving average and the S&P 500 On top of the market slide, recent speculation about an upcoming poor quarter for Citrix have rocked shares. Some investors are concerned that a change in the company's sales model to become more of a direct-seller could hurt earnings. Analysts also foresee a cloudier sales pipeline than in past quarters, and a possible squeeze on operating margins. But analysts seem to think that the concerns are overblown, and that shares already have suffered from these known problems. The change to a direct-selling model is a long-term change for the better. Revenue should be strong, says Dain Rauscher Wessels' Sarah Mattson, and it's not likely the company has negative surprises in store for the upcoming quarter, she says. Just this week, Citrix made a key announcement that added nothing to the stock, thanks to market conditions and fiscal-first quarter concerns. IBM (IBM: news, msgs) will be using Citrix's (CTXS: news, msgs) software to give its customers a faster way to take a company's existing programs and offer them as hosted services over the Internet. It's something that could have moved the stock 10 or more points in a bull market, yet shares slid. Deals in the works? Deals with other big customers could be in the works in upcoming weeks, as Citrix recently has made a push to make its core software work not only with Microsoft operating systems, but with various types of Unix, including Sun Microsystems (SUNW: news, msgs) Solaris. It's just another way that Citrix is working to broaden its customer base, and sell to more existing customers. Over the next two years, Citrix could show 40 percent cumulative revenue-and-earnings growth, Mattson says. Simply put, it's a long-term holder that's at a fraction of its high, she says.>>