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Citrix (CTXS) Shares Pop 10% on Strong Q4 Results

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					Robert DeFrancesco’s
TechStockProspector.com
January 31, 2013


Citrix (CTXS) Shares Pop 10% on Strong Q4 Results
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Citrix Systems (CTXS, $73.95), a provider of enterprise virtualization and
networking solutions, reported Q4 results ahead of expectations, sending the stock
up more than 10% on heavy volume.

For the December quarter, EPS of 90 cents topped the consensus estimate by six
cents and revenue rose 19.5% to $740 million, well above the consensus of $705.8
million.

For 2013, the company expects EPS of $3.12 to $3.15 (the consensus is $3.14) on
revenue of $2.95 billion to $2.98 billion (the consensus is $2.91 billion).
Here are some Wall Street reactions:

*BofA/Merrill upgrades Citrix to ‘Buy’ with a price target of $84, saying the company
is uniquely positioned to benefit from the secular trend of enterprises building out
cloud-like datacenters and mobilizing their workforces.

*MKM Partners raises its Citrix price target to $88 from $78, saying the drivers
appear to be in place for further upside to 2013 estimates.

*Jefferies ups its target to $85 because it thinks Citrix has a number of strong growth
drivers in place for the year ahead—including mobility, networking and cloud.

*Susquehanna takes its target up to $95 from $85.

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DOCUMENT INFO
Description: Citrix Systems is benefiting from the cloud infrastructure build-out