What is CTXS?
Citrix Systems (ticker: CTXS), Inc. provides workspace, networking, and professional services worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops; Citrix Content Collaboration, a cloud-based file sharing, and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices for businesses; Citrix Endpoint Management for mobility and device management capabilities; and Workspace Intelligence that customizes and streamlines user workflows, as well as microapp creation with low-code tooling, automates tasks and functions. In addition, the company offers customer services, hardware maintenance, consulting, and product training and certification services. The company serves health care, financial services, technology, manufacturing, consumer, and government agencies. It markets and licenses its products through resellers, distributors, systems integrators, independent software vendors, original equipment manufacturers, and service providers. The company was formerly known as Citrus Systems, Inc. and changed its name to Citrix Systems, Inc. in March 2009. Citrix Systems, Inc. was founded in 1989 and is headquartered in Fort Lauderdale, Florida.
Ahrvo Stock Rankings
CTXS has been a top-ranked for quite some time. Over the last three months, Citrix Systems AhrvoScore (overall score) has remained flat and solidly in strong buy range at 99. In fact, Citrix System’s Momentum Score, Quality Score, and Growth Score are all in the top decile (top 10%) of 7,000+ companies we track, clocking in at 98, 95, and 94, respectively. The Company’s rankings have remained stable over the last three months, with its Momentum Score and Growth Score remaining flat and Quality Score up 1 point. CTXS has Value Score in at 72, up 1 point over the same time period. Citrix Systems ranks higher than its industry average across all scores: Ahrvo Score 99 vs. 76, Momentum Score 98 vs. 72, Value Score 72 vs. 56, Quality Score 95 vs. 70, and Growth Score 94 vs. 71.
Our Take
Since the beginning of the year, Citrix Systems is up 35.68%. The S&P 500 (ticker: SPY) and the technology sector (ticker: XLK) are down 13.09% and 4.01% over the same time period. As the S&P 500 and technology sector fell by 28% and 24% from the middle of February to the end of March, Citrix System remained flat, down ~.02%. Given CTXS's strong/resilient price-performance, its relative strength indicator (RSI) of 66 is approaching overbought territory. Investors should wait for CTXS’s RSI to pull back to the 50-60 (neutral range) before purchasing the stock. With its suite of workplace, networking, and professional service offerings, CTXS is strategically positioned to benefit from the work-from-home (remote work) movement that will continue after coronavirus is contained. Citrix Systems has substantially outperformed the S&P 500 and the Technology sector over the last five years, returning 188.5%, while the market and technology stocks returned 34% and 109%, respectively. I expect that to continue going forward.
-Appo Agbamu, CFA
This material is for informational purposes only. Under no circumstances should any information or materials presented be used or construed as an offer to sell, or a solicitation of an offer to buy, any securities, financial instruments, investments or other services. Any investment made is at your sole discretion. There are many factors that you must consider when making an investment decision, including, but not limited to, product features, risks, whether or not an investment meets your investment objectives, risk tolerance, and other personalized factors. Investing in securities involves risks, and there is always the potential of losing your entire investment.
Citrix Systems (ticker: CTXS), Inc. provides workspace, networking, and professional services worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops; Citrix Content Collaboration, a cloud-based file sharing, and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices for businesses; Citrix Endpoint Management for mobility and device management capabilities; and Workspace Intelligence that customizes and streamlines user workflows, as well as microapp creation with low-code tooling, automates tasks and functions. In addition, the company offers customer services, hardware maintenance, consulting, and product training and certification services. The company serves health care, financial services, technology, manufacturing, consumer, and government agencies. It markets and licenses its products through resellers, distributors, systems integrators, independent software vendors, original equipment manufacturers, and service providers. The company was formerly known as Citrus Systems, Inc. and changed its name to Citrix Systems, Inc. in March 2009. Citrix Systems, Inc. was founded in 1989 and is headquartered in Fort Lauderdale, Florida.
Ahrvo Stock Rankings
CTXS has been a top-ranked for quite some time. Over the last three months, Citrix Systems AhrvoScore (overall score) has remained flat and solidly in strong buy range at 99. In fact, Citrix System’s Momentum Score, Quality Score, and Growth Score are all in the top decile (top 10%) of 7,000+ companies we track, clocking in at 98, 95, and 94, respectively. The Company’s rankings have remained stable over the last three months, with its Momentum Score and Growth Score remaining flat and Quality Score up 1 point. CTXS has Value Score in at 72, up 1 point over the same time period. Citrix Systems ranks higher than its industry average across all scores: Ahrvo Score 99 vs. 76, Momentum Score 98 vs. 72, Value Score 72 vs. 56, Quality Score 95 vs. 70, and Growth Score 94 vs. 71.
Our Take
Since the beginning of the year, Citrix Systems is up 35.68%. The S&P 500 (ticker: SPY) and the technology sector (ticker: XLK) are down 13.09% and 4.01% over the same time period. As the S&P 500 and technology sector fell by 28% and 24% from the middle of February to the end of March, Citrix System remained flat, down ~.02%. Given CTXS's strong/resilient price-performance, its relative strength indicator (RSI) of 66 is approaching overbought territory. Investors should wait for CTXS’s RSI to pull back to the 50-60 (neutral range) before purchasing the stock. With its suite of workplace, networking, and professional service offerings, CTXS is strategically positioned to benefit from the work-from-home (remote work) movement that will continue after coronavirus is contained. Citrix Systems has substantially outperformed the S&P 500 and the Technology sector over the last five years, returning 188.5%, while the market and technology stocks returned 34% and 109%, respectively. I expect that to continue going forward.
-Appo Agbamu, CFA
This material is for informational purposes only. Under no circumstances should any information or materials presented be used or construed as an offer to sell, or a solicitation of an offer to buy, any securities, financial instruments, investments or other services. Any investment made is at your sole discretion. There are many factors that you must consider when making an investment decision, including, but not limited to, product features, risks, whether or not an investment meets your investment objectives, risk tolerance, and other personalized factors. Investing in securities involves risks, and there is always the potential of losing your entire investment.