MidnightTrader Earnings Play: Citrix Systems

Citrix Systems (CTXS | Quote | Chart | News | PowerRating) closed down 5.6% at 31.72, just narrower than its 5.9% pre-market decline recorded after Friedman, Billings, Ramsey cut its rating on the stock to Market Perform vs Outperform and lowered its price target to $37 per share compared to $43.

Over four analyst moves MidnightTrader has tracked, including today, the stock is mixed in its performance between the sessions, narrowing twice and two times widening its analyst-driven pre-bell movement in the following regular session.

6/17/08 Pre-Market: -5.9% at 31.60; 6/17/08 Regular Session: -5.6% to 31.72 - Friedman, Billings, Ramsey cut to Market Perform vs Outperform, lowered price target to $37 vs $43.

10/16/07 Pre-Market: +0.7%; 10/16/07 Regular Session: -1.1% to 41.90 - RBC Capital raised rating to Outperform vs Sector Perform.

10/1/07 Pre-Market: lower ask; 10/1/07 Regular Session: -1.2% at 39.87 - Bank of America cuts stock to Neutral vs Buy.

5/22/07 Pre-Market: +2.5%; 5/22/07 Regular Session: +5.6% at 32.98 - Raised to Buy at Stifel Nicolaus.

Brooks McFeely is widely regarded as the leading expert on extended-hours trading. He is a Managing Partner for Brochet Capital Partners, LP and the founder of Midnight Trader, Inc. (www.midnighttrader.com), the leading provider of pre-market and after-hours trading analysis and news to retail and institutional investors.