Citrix Systems (CTXS) leveraged accelerating sales in its desktop virtualization and mobile businesses to post second-quarter earnings after the market close Wednesday that soundly beat analyst estimates. The maker of cloud infrastructure software’s guidance for the current quarter fell short of Wall Street estimates, yet Citrix stock was up 4% in early trading in the stock market today, at a nine-month high near 66.50. For the quarter, Citrix
Citrix Systems aims to prove that its Q1 success was more than a flash in the pan, but its rising competition with VMware remains a challenge. Citrix Systems (CTXS), best known for its desktop virtualization software, hopes that its Q2 earnings, to be released Wednesday, can build upon its Q1 results, which easily topped Wall Street expectations and sent shares up more than 7%. VMware (VMW) — by far the leader in the much bigger server
VMware can “mow down” rival Citrix Systems in the desktop virtualization market. So concludes Mark Murphy, a Piper Jaffray analyst, who on Thursday raised his rating on VMware (VMW) stock from neutral to outperform, saying that VMware could get the upper hand in its duel with Citrix Systems (CTXS) in desktop virtualization after some key Citrix executives left to join VMware. Murphy also cites stronger-than-expected bookings in the current quarter