Tech Stocks Technical Report -- Citrix Systems, NetSuite, NetScout Systems, and Ellie Mae

Aug 11, 2016, 08:53 ET from Chelmsford Park SA

NEW YORK, August 11, 2016 /PRNewswire/ --

The Technology sector's estimated earnings growth for the third quarter has been impressive so far, up 3.1% from 2.4% from July 01, 2016 to August 05, 2016. Stock-Callers.com reviews the following equities and see which direction they could be headed next: Citrix Systems Inc. (NASDAQ: CTXS), NetSuite Inc. (NYSE: N), NetScout Systems Inc. (NASDAQ: NTCT), and Ellie Mae Inc. (NYSE: ELLI). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

http://stock-callers.com/registration

Citrix Systems  

On Wednesday, shares in Fort Lauderdale, Florida headquartered Citrix Systems Inc. recorded a trading volume of 1.14 million shares. The stock ended the session 0.56% higher at $85.61. The Company's shares have gained 1.95% in the last one month, 3.59% in the previous three months, and 13.17% since the start of this year. The stock is trading 1.17% above its 50-day moving average and 9.35% above its 200-day moving average. Moreover, shares of Citrix Systems, which develops and sells products and services that enable delivery of applications and data over public, private, or hybrid clouds or networks to various types of devices, have a Relative Strength Index (RSI) of 50.49.

On July 26th, 2016, LogMeIn, Inc. and Citrix Systems, Inc. announced that the companies have entered into a definitive merger agreement for LogMeIn to combine with Citrix's GoTo business in a Reverse Morris Trust transaction. The transaction is valued at approximately $1.8 billion based on shares to be issued and LogMeIn's closing price of $65.31 as of July 25th, 2016. The combined company is expected to have annual revenues in excess of $1 billion with more than two million customers in virtually every country around the globe.

On August 01st, 2016, research firm Jefferies downgraded the Company's stock rating from 'Hold' to 'Underperform'. Visit us today and access our complete research report on CTXS at:

http://stock-callers.com/registration/?symbol=CTXS

NetSuite  

San Mateo, California headquartered NetSuite Inc.'s stock closed the day 0.06% higher at $108.79 and with a total volume of 503,551 shares traded. The Company's shares have surged 29.23% in the past month, 39.08% in the previous three months, and 28.56% on an YTD basis. The stock is trading 29.12% and 41.60% above its 50-day and 200-day moving averages, respectively. Additionally, shares of NetSuite, which provides cloud-based financials/enterprise resource planning and omnichannel commerce software suites in the US and internationally, have an RSI of 81.58.

On July 28th, 2016, Oracle announced that it has entered into a definitive agreement to acquire NetSuite, the very first cloud company. The transaction is valued at $109.00 per share in cash, or approximately $9.3 billion.

On August 02nd, 2016, research firm MKM Partners downgraded the Company's stock rating from 'Buy' to 'Neutral'. The research firm also revised upwards its previous target price from $92 to $109. The complimentary report on N can be downloaded at:

http://stock-callers.com/registration/?symbol=N

NetScout Systems  

Shares in Westford, Massachusetts headquartered NetScout Systems Inc. recorded a trading volume of 586,563 shares and ended yesterday's trading session 0.07% higher at $27.72. The stock has advanced 16.03% in the past month and 19.07% over the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 12.98% and 7.97%, respectively. Furthermore, shares of NetScout Systems, which provides real-time operational intelligence and performance analytics for service assurance, and cyber security solutions in the US, Europe, Asia, and internationally, have an RSI of 68.46.

On July 28th, 2016, NetScout Systems reported that total revenue (GAAP) for Q1 FY17 was $269.0 million. Non-GAAP total revenue for Q1 FY17 was $278.0 million. The company's Net loss (GAAP) for Q1 FY17 was $9.0 million, or $0.10 per share (diluted). On a non-GAAP basis, net income for Q1 was $26.3 million, or $0.28 per share (diluted).

On July 28th, 2016, research firm Pacific Crest initiated an 'Overweight' rating on the Company's stock, issuing a target price of $31 per share. Register for free on Stock-Callers.com and access the latest research report on NTCT at:

http://stock-callers.com/registration/?symbol=NTCT

Ellie Mae  

Pleasanton, California headquartered Ellie Mae Inc.'s stock finished the session 0.65% higher at $97.72 with a total volume of 312,106 shares traded. The Company's shares have advanced 1.81% in the last one month, 24.37% over the previous three months, and 62.24% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 7.14% and 24.52%, respectively. Additionally, shares of Ellie Mae, which provides on-demand software solutions and services for the residential mortgage industry in the US, have an RSI of 57.15.

On July 29th, 2016, research firm Needham reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $110 a share to $125 a share. Get free access to your research report on ELLI at:

http://stock-callers.com/registration/?symbol=ELLI

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