CTXS was battered on Thursday, trading down almost 20% after the company reported their Q3 earnings. Analysts seemed to be particularly worried about the fact that CTXS missed by $8 million on their licensing revenues, even though general revenues came in only $3 million dollars below forecasts. The company beat consensus earnings estimates by one cent, but their revenues came in lower than expected. Volume was extremely high on Thursday, with over 3.5 million shares of the stock changing hands, compared to a normal daily average volume of 3.5 million shares traded.
Sorry, the comment form is closed at this time.