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Citrix Systems (NASDAQ:CTXS) was upgraded by research analysts at Nomura from a “neutral” rating to a “buy” rating in a report released on Friday, TheFlyOnTheWall.com reports. The firm currently has a $70.00 price objective on the stock. Nomura’s target price indicates a potential upside of 29.46% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Barclays cut their price target on shares of Citrix Systems from $72.00 to $62.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at UBS AG cut their price target on shares of Citrix Systems from $67.00 to $62.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Citrix Systems from $67.00 to $63.00 in a research note to investors on Thursday. They now have a “sector perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have given a buy rating to the company. Citrix Systems has a consensus rating of “Buy” and an average target price of $70.12.

Citrix Systems (NASDAQ:CTXS) traded up 1.46% during mid-day trading on Friday, hitting $54.07. 6,384,075 shares of the company’s stock traded hands. Citrix Systems has a 52-week low of $51.18 and a 52-week high of $77.16. The stock’s 50-day moving average is $60.0 and its 200-day moving average is $64.. The company has a market cap of $10.084 billion and a P/E ratio of 29.61.

Citrix Systems (NASDAQ:CTXS) last released its earnings data on Wednesday, January 29th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.98 by $0.06. The company had revenue of $802.00 million for the quarter, compared to the consensus estimate of $805.39 million. During the same quarter in the prior year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts expect that Citrix Systems will post $2.96 EPS for the current fiscal year.

Citrix Systems, Inc designs, develops and markets technology solutions that enable information technology (NASDAQ:CTXS) services.

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