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: puborectalis who wrote (8379)	6/12/2000 8:59:00 PM
From: puborectalis	Read Replies (2) \| Respond to of 9068

Citrix runs out of Street momentum Despite reasonable balance sheet, stock takes a tumble OPINION By Christopher Byron MSNBC CONTRIBUTOR June 12 ? What?s the only thing worse than being a tech company without any earnings in the current market environment? Answer: Being one with earnings. That seems to be the lesson in the crash-and-burn spectacle of Citrix Systems, Inc. In just three trading days, this Fort Lauderdale, Fla. networking software company has fallen from just under $60 per share to barely $23. CITRIX?S STOCK PRICE has collapsed not because the company?s actual business is collapsing. Quite the contrary, Citrix?s ability to generate cash ? its level of so-called operating cash flow ? has been rising steadily and dramatically for years? and the trend has continued right up through the latest quarterly reporting period. The company?s balance sheet looks good also, with $265 million of cash, $550 million of working capital, and $684 million in shareholder equity. The problem facing Citrix Systems is simply this: Between October of last year and March 6th of this year, momentum traders drove Citrix Systems from less than $30 per share to more than $122 on nothing but a buying stampede powered by fear of missing out on a rocket ride to the moon. change -18.938 Add this stock to your MSNBC homepage