Citrix Systems, Inc. (CTXS)

[ICEQUITY]

Shares of cloud pioneer Citrix (CTXS) rose close to 20 percent during Thursday's session after its earnings reports indicated strong growth and an optimistic trajectory for the future.

Citrix, which develops and markets virtualization and infrastructure solutions that enable on-demand IT to delivery, reported third-quarter earnings of $92 million, or 49 cents a share on $565 million in sales. During the same period last year profit was $88 million or 46 cents a share on revenue of $472 million in the year-ago quarter. The 5 percent increase in profit couple by a sunny fourth quarter sales forecast between $610 and $620 million or 75-76 cents per share, helped Citrix push sharply higher.

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