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Fly News Breaks for January 23, 2020
CTXS
Jan 23, 2020 | 08:16 EDT
Wells Fargo analyst Philip Winslow raised his price target for Citrix to $145 from $135 after the company reported "strong" Q4 revenue, operating margin, and EPS above consensus. The company demonstrated its transition to subscription and cloud revenue continues to progress successfully, he notes, adding that these results reinforce his confidence in Citrix's ability to capitalize on the enterprise opportunity and execute on its platform ambitions, and illustrates the shift to a more direct sales motion over the last 18 months has been effective and is bearing fruit. Winslow has an Overweight rating on the shares.
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