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Downgrade Alert for Citrix Systems (CTXS)

By James Quinn

Citrix Systems (NASDAQ:CTXS) was downgraded from Buy to Hold at Stifel today. The stock closed yesterday at $87.98 on volume of 4.7 million shares, above average daily volume of 1.6 million.

In the past 52 weeks, shares of Citrix Systems have traded between a low of $60.91 and a high of $90.00 and closed yesterday at $87.98, which is 44% above that low price. The 200-day and 50-day moving averages have moved 0.30% higher and 1.20% higher over the past week, respectively.

Citrix Systems, Inc. designs, develops, and markets technology solutions that allow applications to be delivered, supported, and shared on-demand. The Company develops and markets comprehensive solutions across all dimensions of application, server and desktop virtualization as well as application and network optimization.

Citrix Systems (NASDAQ:CTXS) is currently priced 7.0% above its average consensus analyst price target of $81.81. Citrix Systems shares have support at the 50-day moving average (MA) of $78.20 and additional support at the 200-day MA of $74.44.

SmarTrend is monitoring the recent change of momentum in Citrix Systems. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Citrix Systems in search of a potential trend change.

Keywords: analyst upgrades/downgrades Citrix Systems

Ticker(s): CTXS