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

To: Cogito who wrote (8929)	1/24/2002 2:03:39 PM
From: JakeStraw	Respond to of 9068

2 downgrades today from Buy to Neutral might have something to do with it...

To: Cogito who wrote (8929)	1/24/2002 3:06:22 PM
From: TraderEd	Read Replies (1) \| Respond to of 9068

Citrix Systems (CTXS: news, chart, profile) sank more than 10 percent after the Fort Lauderdale, Fla., application serving software firm reported fourth-quarter earnings before items of $39.4 million, or 21 cents a share, up from a year-ago equivalent profit of $31.7 million, or 16 cents a share, and a penny ahead of the average estimate of analysts polled by Thomson Financial/First Call. First Albany, however, lowered its rating on the stock to "neutral" from "buy," saying that management trimmed the outlook for 2002 worse than it had expected. The firm, which cut its price target to $17, is taking cautious view of 2002 and 2003, lowering its respective estimates to earnings of 70 cents a share on revenue of $614 million, and earnings of 85 cents a share on revenue of $700 million. It had been looking for 2002 earnings of 89 cents a share on revenue of $684 million, and 2003 earnings of $1.05 per share.

To: Cogito who wrote (8929)	1/24/2002 4:03:55 PM
From: Sweet Ol	Read Replies (1) \| Respond to of 9068

I think Pro-Forma is dead. If you can't make a GAAP profit it is not a profit and ENE has taught a lot of people the difference. "Extraordinary" items that occur qtr after qtr and year after year are not extraordinary, they are the normal course of business. I hope this pro-forma BS is coming to an end. It has been interesting that companies who report only GAAP have been treated nicer by Mr. Market than the ones who highlight pro-forma and bury the GAAP figures down in the report. Best to all, JRH