Citrix Systems Inc
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Information Technology : Software | Mid Cap Blend
Company profile

Citrix Systems, Inc. offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company's Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services. The Company's NetScaler nCore Technology is an architecture that enables execution of multiple packet engines in parallel. The Company's workspace services include Application Virtualization and virtual desktop infrastructure (VDI), Enterprise Mobility Management and Citrix Workspace Suite. The Company's NetScaler ADC is a software-defined application delivery controller (ADC) and load balancer. The Company's Cloud Services include ShareFile and Citrix Cloud. It provides various ways for customers to receive upgrades, support and maintenance for products, which include Software Maintenance, Subscription Advantage, Technical Support Services and Hardware Maintenance.

Closing Price
$131.09
Day's Change
0.00 (0.00%)
Bid
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Ask
--
B/A Size
--
Day's High
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Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
1,372,996
0

UPDATE: Plug Power stock rallies after company raises billings outlook for 2021

4:29 pm ET January 26, 2021 (MarketWatch)
Print

By Claudia Assis

Plug Power Inc. stock shares rallied more than 11% Tuesday, topping $70, after the hydrogen-fuel company said it raised its gross billings estimates for this year.

Plug Power (PLUG) earlier Tuesday raised its guidance for 2021 gross billings to $475 million, from $450 million. The hydrogen-fuel company also raised 2024 gross billings target by more than 40% to $1.7 billion.

The stock gave back some of these gains in the extended session, however, down 5% after announcing a $1.5 billion share offering, plus $225 million in an option to purchase to sole underwriter Morgan Stanley. The company said it intends to use the net proceeds from the offering "for working capital and other general corporate purposes."

Shares of Plug Power, which makes hydrogen fuel-cell packs to power warehousing equipment such as forklifts and other products such as backup fuel-cell stationary power and backup power, have gained more than 1,730% in the past 12 months, compared with gains around 17% for the S&P 500 index.

Analyst Jeffrey Osborne with Cowen late Tuesday raised his price target on Plug Power stock to $82 from $73.50, saying that the increased goals highlight "the sizable opportunity for Plug's business as hydrogen use-cases proliferate."

Earlier this year, the company announced an investment and partnership with a South Korean company (https://www.marketwatch.com/story/plug-power-stock-jumps-30-after-15-billion-investment-from-south-korea-2021-01-07)and a much talked-about partnership with Groupe Renault to launch a 50-50 joint venture with the French car maker. (https://www.marketwatch.com/story/plug-power-stock-rallies-to-nearly-15-year-high-after-analyst-calls-renault-deal-validating-11610478111)

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

January 26, 2021 16:29 ET (21:29 GMT)

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