Citrix Systems (NASDAQ:CTXS) is at the forefront of cloud computing and mobile access, allowing workers to be productive from anywhere in the world.
Growth: Citrix has posted 11 quarters of year-over-year revenue growth, and fiscal 2011 sales should be up about 15% over the previous year. That’s on track with the same growth last fiscal year. CTSX has also posted 11 straight quarters of EPS growth — with its fiscal 2011 profits doubling 2009 earnings and up about 45% from 2010.
Cash: Citrix has zero debt and $775 million in cash and short-term investments.
Performance: Though lagging the market slightly in the last 12 months, mostly because of waning momentum since Thanksgiving, the stock has doubled the Dow since early 2010 with 55% returns. Admittedly, there are signs Citrix might be slowing down, but Barclays Capital (NYSE:BCS) just initiated coverage in December with an outperform rating, and average price targets on CTXS are north of $80 per share.