Citrix Systems Inc. (NASDAQ:CTXS) updated its FY16 earnings guidance on Wednesday. The company provided EPS guidance of $5.18-$5.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.06. The company issued revenue guidance of $3.40-$3.41 billion.
Several research analysts have recently commented on the company. Jefferies Group lowered Citrix Systems from a hold rating to an underperform rating and lowered their price target for the stock from $80.00 to $71.00 in a research report on Monday, August 1st. They noted that the move was a valuation call. Stifel Nicolaus lowered Citrix Systems from a buy rating to a hold rating in a report on Wednesday, July 27th. They noted that the move was a valuation call. Zacks Investment Research lowered Citrix Systems from a buy rating to a hold rating in a report on Friday, August 5th. Deutsche Bank AG lifted their target price on Citrix Systems from $80.00 to $85.00 and gave the company a hold rating in a report on Wednesday, July 27th. Finally, Mizuho reiterated a neutral rating and issued a $90.00 target price on shares of Citrix Systems in a report on Monday. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $87.30.
Shares of Citrix Systems Inc. (NASDAQ:CTXS) traded up 1.15% during midday trading on Wednesday, hitting $86.30. The stock had a trading volume of 2,508,745 shares. The company has a market cap of $13.44 billion, a P/E ratio of 34.77 and a beta of 1.94. Citrix Systems Inc. has a one year low of $60.91 and a one year high of $90.00. The firm has a 50 day moving average of $84.78 and a 200-day moving average of $84.11.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Wednesday, October 19th. The cloud computing company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.19 by $0.13. Citrix Systems had a net margin of 11.56% and a return on equity of 32.31%. The business had revenue of $841.30 million for the quarter, compared to analysts’ expectations of $827.21 million. During the same quarter last year, the company posted $1.04 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, analysts forecast that Citrix Systems Inc. will post $5.06 earnings per share for the current fiscal year.
In other Citrix Systems news, SVP Carlos Sartorius sold 13,290 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $84.51, for a total value of $1,123,137.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Murray J. Demo sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $86.03, for a total transaction of $86,030.00. Following the completion of the transaction, the director now directly owns 14,276 shares in the company, valued at approximately $1,228,164.28. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of CTXS. Bank of Nova Scotia boosted its position in shares of Citrix Systems by 7.0% in the second quarter. Bank of Nova Scotia now owns 3,071 shares of the cloud computing company’s stock worth $246,000 after buying an additional 200 shares in the last quarter. First Allied Advisory Services Inc. boosted its position in shares of Citrix Systems by 5.3% in the second quarter. First Allied Advisory Services Inc. now owns 3,362 shares of the cloud computing company’s stock worth $270,000 after buying an additional 170 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Citrix Systems during the second quarter worth about $276,000. Wetherby Asset Management Inc. acquired a new position in shares of Citrix Systems during the second quarter worth about $281,000. Finally, Veritable L.P. boosted its position in shares of Citrix Systems by 25.8% in the second quarter. Veritable L.P. now owns 3,632 shares of the cloud computing company’s stock worth $291,000 after buying an additional 746 shares in the last quarter. 96.92% of the stock is currently owned by hedge funds and other institutional investors.
About Citrix Systems
Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.
Receive News & Ratings for Citrix Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citrix Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.