Opinions
Howard Sutton
Citrix Systems
CTXS-Q
BUY
Feb 22, 2002
Good company and at a good level.
$13.500
Stock price when the opinion was issued
computer software
processing
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BUY
TOP PICK
Virtualization of desktops, remote access. Corporations can save 30% to 50% of deploying a new desktop by using their technology. Near-term catalysts are swine flu, cost savings and remote meetings. With the new Windows 7 rollout, a lot of companies are retooling and this becomes an option. Great growth. 75% of revenues come from license fees and recurring service revenues.
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BUY
Dropbox It'll continue to benefit from work from home. Cloud computing will remain important. It'll be more and more important for them to upsell higher services to their customers. He prefers, likes and uses (in his office) CTXS which offers more office functionality than Dropbox currently. CTXS is also in the cloud business. Dropbox is seen as a platform to share documents, but the companies that will do well in this space are those that enhance office productivity.
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TOP PICK
Stockchase Research Editor: Michael O'Reilly CTXS is a cloud based subscription company that links internal business operations. A recent $2.5 billion acquisition will aid in their reach expanding further. Recent earnings beat analyst expectations and subscriptions are up over 60% on the year. It pays a small dividend that is backed by a payout ratio of less than 30% of cash flow. We would buy this with a stop-loss at $118, looking to achieve $157 -- over 22% upside. Yield 1.06% (Analysts’ price target is $156.92)
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DON'T BUY
Among the biggest losers on the S&P in 2021 #7, down 27%. This software company could be put up for sale, pushed by activists. He has no idea what CTRX is worth. They used to be the king of business collaboration software. He once loved their product. Now, there are too many competitors.
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