Citrix (CTXS, $141.50) gets rating boost at Jefferies
IT-solutions company Citrix got a rating upgrade from a Jefferies analyst, on expectations of the remote work environment.
Analyst Brent Thill boosted his rating on the shares to buy from hold. Thill also raised his price target on the stock from $150 to $180 – which implies a 30% potential upside from Tuesday's closing price at $138.12. The consensus analyst price target is $156.54, according to Bloomberg data.
Thill mentioned in a note that according to a Jefferies survey, organizations expect to convert 75% of limited-use-term Citrix licenses to longer-term contracts, which may support high-single-digit revenue growth potential in calendar year 2021.
Jefferies also boosted its outlook on subscription-revenue for Citrix by 6% to 9% to between $1.75 billion and $2.29 billion, compared to the consensus estimate of about $1.7 billion to $2.1 billion.
According to Thill, investors are underappreciating the company's ability to reach or potentially even surpass, its calendar 2022 free-cash-flow target.
CTXS in -0.93% downward trend, falling for three consecutive days on May 13, 2022
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where CTXS declined for three days, in 126 of 266 cases, the price declined further within the following month. The odds of a continued downward trend are 47%.
Current price $99.28 is above $88.35 the highest resistance line found by A.I. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -3% Downtrend. During the week of 05/09/22 - 05/16/22, the stock fell -0.74%.
The Momentum Indicator moved below the 0 level on April 26, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on CTXS as a result. In 42 of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 46%.
The Moving Average Convergence Divergence Histogram (MACD) for CTXS turned negative on May 06, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In 22 of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at 42%.
CTXS moved below its 50-day Moving Average on May 06, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for CTXS crossed bearishly below the 50-day moving average on April 29, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 47%.
The Aroon Indicator for CTXS entered a downward trend on May 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CTXS's RSI Indicator exited the oversold zone, 17 of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 71%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +1.70% 3-day Advance, the price is estimated to grow further. Considering data from situations where CTXS advanced for three days, in 201 of 350 cases, the price rose further within the following month. The odds of a continued upward trend are 57%.
CTXS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 77%. During the last month, the daily ratio of advancing to declining volumes was 1 to 3.11.
The Tickeron Profit vs. Risk Rating rating for this company is 74 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CTXS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock better than average.
The Tickeron Valuation Rating of 69 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (18.868) is normal, around the industry mean (16.471). P/E Ratio (45.045) is within average values for comparable stocks, (154.393). Projected Growth (PEG Ratio) (1.847) is also within normal values, averaging (4.591). Dividend Yield (0.011) settles around the average of (0.027) among similar stocks. P/S Ratio (3.845) is also within normal values, averaging (124.500).
The Tickeron Price Growth Rating for this company is 52 (best 1 - 100 worst), indicating steady price growth. CTXS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 37 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 13 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
The average market capitalization across the Packaged Software Industry is 6.2B. The market cap for tickers in the group ranges from 580 to 2T. MSFT holds the highest valuation in this group at 2T. The lowest valued company is NANN at 580.
The average weekly price growth across all stocks in the Packaged Software Industry was -0.92%. For the same Industry, the average monthly price growth was -15.48%, and the average quarterly price growth was -24.67%. LAAB experienced the highest price growth at 126%, while SGNI experienced the biggest fall at -97.03%.
The average weekly volume growth across all stocks in the Packaged Software Industry was 19.51%. For the same stocks of the Industry, the average monthly volume growth was 113.57% and the average quarterly volume growth was 41.15%
- 2/18/22 6:25 AM: The volume for Citrix Systems stock increased for four consecutive days, resulting in a record-breaking daily growth of 92% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA50MA10 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 58%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.21.
5 stocks in the group of tickers confirmed the negative outlook based on the MA50 indicator with average odds of 76%.
The average market capitalization across the group is 1.4B. The market cap for tickers in the group ranges from 26.4M to 3.8B. TDC holds the highest valuation in this group at 3.8B. The lowest valued company is BSQR at 26.4M.
The average weekly price growth across all stocks in the group was 1.34%. For the same group, the average monthly price growth was -14.13%, and the average quarterly price growth was -27.46%. MGIC experienced the highest price growth at 9.5%, while SPSC experienced the biggest fall at -8.78%.
- 5/10/22 5:36 AM: Smith Micro Software (SMSI, $2.61) is a top weekly loser for penny stocks, falling -17.67%
- 3/23/22 4:50 AM: TERADATA (TDC, $49.41) was a top weekly gainer, with a +11.01% jump. Expect an Uptrend reversal
- 3/16/22 5:11 AM: Smith Micro Software (SMSI, $3) is a top weekly loser for penny stocks, falling -21.67%
The average weekly volume growth across all stocks in the group was -32.3%. For the same stocks of the group, the average monthly volume growth was 125.8% and the average quarterly volume growth was 157.97%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows