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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: tcarnes who wrote (8465)12/16/1997 3:13:00 PM
From: Peter H. Hodge  Read Replies (2) | Respond to of 9285
 
From Briefing.com:

CITRIX SYSTEMS (CTXS) 69 1/8 +4 3/8. Everyone loves Citrix Systems. How many other stocks can you name that have appreciated over 500% over the course of the year (CTXS shares have actually risen 609% over the past 12 months) , yet have held up so admirably through the recent downturns in tech. When other techs are shedding 3-4 points a day, Citrix is holding firm. And, while other high-flyers record 2-3 point gains on strong days, Citrix is likely to add 5-6 points for the session. So why is everyone from analysts to money managers to momentum investors so infatuated with Citrix? The answerer is simple: GROWTH. Over the next five years, the developer of thin-client/server software solutions is expected to log growth of at least 40% per annum. And, according to BT Alex. Brown analyst Mary McCaffrey, whom today upgraded the shares to "strong buy" from "buy," Citrix will record earnings growth of 50% a year over the next 24 months, with a likelihood of upside. Her $95 price target suggests appreciation potential of 37% over the next 12 months. A First Call survey of six analysts, reveals 1997 and 1998 earnings estimates of $1.46 and $2.06 a share, respectively.