Citrix Systems Shares Sank: What You Need to Know

Before you go, we thought you'd like these...
Before you go close icon

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of virtualization specialist Citrix Systems (NAS: CTXS) are sinking today, down by as much as 10%, after tech bellwether Oracle (NAS: ORCL) reported uninspiring earnings last night.

So what: The gloomy figures have triggered a broad sell-off within technology companies due to concerns over business technology spending. Oracle said its customers didn't mention reduced budgets, but that hasn't stopped software investors from fearing the worst.

Now what: Other tech stocks getting hammered includeCommVault Systems (NAS: CVLT) andTIBCO Software (NAS: TIBX) , along with fellow virtualization player VMware (NYS: VMW) . Days like this are buying opportunities, pure and simple. Even if the fears of slower spending in the short term are justified, virtualization is a long-term winner as everything moves into the cloud.

Interested in more info on Citrix Systems? Add it to your watchlist byclicking here.

At the time this article was published Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio. The Motley Fool owns shares of Oracle.Motley Fool newsletter serviceshave recommended buying shares of TIBCO Software and VMware. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

Copyright © 1995 - 2011 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners