BUSINESSWEEK ONLINE : JULY 17, 2000 ISSUE
BUSINESSWEEK INVESTOR -- INSIDE WALL STREET Will Citrix Systems Click After All? What do you do about a 118 stock that plummets 84% in three months? Most investors dump it. That's the fate that befell Citrix Systems (CTXS). It was down to 51 in early June, when it warned of low second-quarter earnings. The stock is now at 18. But some pros think it's a buy. Stephen Leeb, editor of market letter Personal Finance, thinks Citrix is a ''beaten-down value play that will deliver plenty of bang.'' He recommended buying the stock on June 28, when it was at 22. There isn't any flaw, he says, in the business, which makes software to let customers reach more users with more applications. Its software is the most effective way, he notes, of distributing applications, such as Microsoft Word. It runs on Windows, UNIX, Solaris, and Linux. Citrix, which had been selling through retail channels, was in the process of moving toward sales to larger clients, says Leeb. But corporate sales take longer to close than retail channels. So a profit shortfall occurred although total sales had climbed sharply. Leeb thinks Citrix will get its act together in the next quarter or two and resume earnings growth of 30% a year. ''With a forward p-e of less than 30, Citrix has far more upside than downside,'' Leeb says. ''It's an easy double from here.'' By GENE G. MARCIAL _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP					RELATED ITEMS Will Citrix Systems Click After All? CHART: After the Freefall INTERACT E-Mail to Business Week Online

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