Citrix Systems Surged the Most in the SP500; At 10-Year Highs

Published on Thursday, 29 July 2010 16:26 Written by Danny Miller

New York, July 29^th (Tradershuddle.com) – Shares of Citrix Systems (NASDAQ:CTXS) surged the most in the S&P 500, and hit a 10-year high, after its shares rallied 19.52% to $56.57.

Citrix (NASDAQ:CTXS), the only enterprise software company with end-to-end virtualization, soared after it reported a 12% gain in net income, with revenue climbing 17% from the same period last year. Revenues were better than expected and the company issued revenue guidance for the third quarter that was also above consensus.

The move to the upside came with high volume; with 14.5 million shares traded 4.14 times Citrix’s average 90day volume of 3.5 million shares.

The stock's 52-week low is $33.90 and its 52-week high is $57.70, posted today.