Robert DeFrancesco’s
January 31, 2013

Citrix (CTXS) Shares Pop 10% on Strong Q4 Results
NOW AVAILABLE: The January 2013 issue of Tech-Stock Prospector for your Amazon Kindle or Kindle for iPad/iPhone reading app. Here are some of the topics covered in the January 2013 issue: *The smartphone battles heat up *Apple searches for its lost momentum *Best for 2013: LinkedIn or Facebook? *There’s hope for Acme Packet *Oracle’s cloud buying binge continues *2 possible takeover targets in interactive marketing *Cornerstone OnDemand benefiting from disruption *A cloud name to watch: SPS Commerce *Intel plans IPTV service *How Fortinet can gain share in networking security *Tibco Software tries to recover from stumble *Why some big investors like Brightcove shares now *A strong debut for Ruckus Wireless IPO *New Symantec CEO is ready to make changes *Aruba Networks capitalizes on BYOD trend *Deal Report: Adobe Systems goes social

Order the January 2013 issue here:
-----------------------------------------------------------------------------------------------------------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. *********************************************************************************** Read the latest issue of Tech-Stock Prospector on your Amazon Kindle or Kindle for iPad/iPhone reading app.

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-----------------------------------------------------------------------------------------------------Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20 years of experience covering the tech sector. He is a former senior writer with Louis Rukeyser’s Wall Street., launched in 2003, is an investment-research service focused primarily on the networking, storage, security, wireless and software sectors. Annual subscription: $350. For more information or to place an order, call 800-392-0998.

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