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What's Up With Citrix Systems Call Options? | PowerOptions Web Log
Citrix Systems (CTXS) call option volume was up yesterday and the company’s stock price was down about 4%. Citrix’s products enable its customers to host software on a centralized server. This enables its customers to decrease costs for supporting software applications. Instead of having hundreds of remote PC’s to keep up-to-date, support staff only has to keep the centralized server up-to-date. Citrix also provides products for collaboration, GoToMeeting enables online virtual meetings. GoToWebinar enables online webinars. GoToMyPC enables secure remote access to a PC from anywhere. Citrix has some pretty stiff competition: Cisco Systems (CSCO), F5 Networks (FFIV) and VMware (VMW). Citrix’s stock has been on a tear in the last seven months with an increase of around 100%. Citrix’s stock price took a pretty good haircut following its recent earnings report. Citrix had a fairly good earnings report, but it would have needed blowout results in order to justify...