Let us take a look at two Software stocks which are on the rise, Citrix Systems (NASDAQ CTXS) & Tibco Software (NASDAQ TIBX). Both promise some upside in their price levels in the future. Here we take a closer look at the two stocks.
Recently, Citrix Systems Inc (NASDAQ CTXS) announced that CEO Mark Templeton has made a multiyear commitment to remaining with the company. Analysts believe the CEO certainty will help improve morale and solidify Citrix’s longer-term strategy, which has been somewhat ambiguous over the past 12 months. Mr. Templeton was a key driver behind the company’s past success with desktop virtualization, XenApp, and growing the NetScaler businesses.
TIBCO Software Inc. (NASDAQ:TIBX) has announced that Kony, Inc., a leading enterprise mobility company, is using TIBCO Jaspersoft® for Amazon Web Services to achieve embedded analytics within its mobile platform. Jaspersoft®, the “Intelligence Inside” applications and business processes, is used by Kony and its customers to monitor, report, and analyze the deployment of mobile applications. With Jaspersoft, Kony has been able to deploy mobile analytics offerings in weeks instead of months, and significantly increase time to value.
Software Stocks: Citrix Systems (NASDAQ CTXS) & Tibco Software (NASDAQ TIBX)
Tibco Software Inc. (NASDAQ:TIBX) ended up 0.05% higher to close at $20.00 on last trading day while trading in the range of $19.92 -$20.22. Its return on assets (ROA) is 4.50% while return on investment (ROI) is 7.90%. Tibco Software Inc. (NASDAQ:TIBX) price to earnings (P/E) ratio is 38.46.
Citrix has seen the price levels of around $63. This year company’s Earnings per Share (EPS) growth is -3.20% and next year’s estimated EPS growth is 3.64. Beta of Citrix Systems, Inc. (NASDAQ:CTXS) is 1.83.
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Both the stocks, Citrix Systems (NASDAQ CTXS) & Tibco Software (NASDAQ TIBX), look set for a good time on the stock market in the coming months. With the Application Software companies finding more and more market, this should not come as a surprise. While the general consensus remains positive, only time will tell if the stocks do live up to the expectations.
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