1 year ago
Citrix: Mizuho Cheers 'Workspaces' Catalysts, Including Microsoft
[at Barrons.com] - Shares of enterprise virtualization software pioneer Citrix Systems (CTXS) are up $2.99, or 3.5%, at $88.61, after Mizuho Securities’s Abhey Lamba today raised his rating on the shares to Buy from Neutral, and raised his price target to $100 from $90, arguing that “growth and profitability are likely being under appreciated by investors." Lamba calls attention to the “core" “Workspaces” product line from Citrix, including “XenApp,” which could be helped by Microsoft (MSFT), as one of several potential “catalysts” for the company: We think there are multiple catalysts in 2017 that can play out and potentially enhance performance of the company’s core Workspaces business. For instance, many of Microsoft’s new products have just started gaining traction and those will most likely have a pull- through effect on Citrix’s products.