Citrix Systems, Inc. (NASDAQ: CTXS) sells virtualization technologies such as Virtual Apps and Desktops for desktop virtualization and Citrix Virtual Apps for application virtualization. Citrix Endpoint Management is also available for mobile device management, as is Citrix ADC for application delivery and Citrix SDWAN for routing, security, and WAN monitoring.
Why should investors Book Profits?
Valuation methodology (Illustrative): Price to Earnings -based valuation
Analysis by Kalkine Group
Stock Recommendation:
Given the sharp selloff in the technology stocks, we believe companies with a relatively stretched balance sheet could witness a deep cut from the current trading levels. Moreover, a stronger dollar on the back of heightened tension between Russia and Ukraine and rising yields on the US treasury bond yields will further weigh the CTXS’s financials. Hence, based on the above rationale and valuation done using Price to Earnings based multiple, we recommend a “Sell” rating on the stock at the closing price of USD 105.55 (as of January 28, 2022).
3-Year price chart (as of January 28, 2022). Source: REFINITIV, Analysis by Kalkine Group
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.