Stifel Nicolaus Reiterates Hold on Citrix Systems

Stifel Nicolaus is out with its report today on Citrix Systems CTXS, reiterating Hold. In its report, Stifel Nicolaus writes, "CTXS shares are trading at 3.9x our revised FY12 EV/revenue estimates, which remain a premium to the peer group at 3.4x. We think the shares are fairly valued and reiterate our Hold rating." Shares of CTXS closed Monday at $51.77.