Analysts expect Citrix Systems, Inc. (NASDAQ:CTXS) to post $675.78 million in sales for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Citrix Systems’ earnings, with the lowest sales estimate coming in at $670.30 million and the highest estimate coming in at $682.70 million. Citrix Systems posted sales of $662.68 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2%. The company is expected to announce its next quarterly earnings results on Wednesday, April 25th.
On average, analysts expect that Citrix Systems will report full year sales of $675.78 million for the current financial year, with estimates ranging from $2.86 billion to $2.96 billion. For the next year, analysts anticipate that the firm will post sales of $2.98 billion per share, with estimates ranging from $2.94 billion to $3.15 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Citrix Systems.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.06. The firm had revenue of $777.90 million during the quarter, compared to the consensus estimate of $778.49 million. Citrix Systems had a positive return on equity of 38.56% and a negative net margin of 0.73%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.61 EPS.
Shares of Citrix Systems (NASDAQ:CTXS) opened at $95.88 on Tuesday. The stock has a market capitalization of $13,050.00, a PE ratio of 32.50, a P/E/G ratio of 3.01 and a beta of 1.30. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.55 and a quick ratio of 1.55. Citrix Systems has a one year low of $73.33 and a one year high of $96.29.
Citrix Systems declared that its Board of Directors has authorized a stock repurchase program on Monday, November 13th that permits the company to repurchase $1.70 billion in outstanding shares. This repurchase authorization permits the cloud computing company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
In other Citrix Systems news, CFO Mark M. Coyle sold 2,500 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $88.90, for a total value of $222,250.00. Following the transaction, the chief financial officer now directly owns 36,012 shares of the company’s stock, valued at approximately $3,201,466.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David J. Henshall sold 12,500 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $92.62, for a total value of $1,157,750.00. Following the completion of the transaction, the chief executive officer now directly owns 281,777 shares in the company, valued at $26,098,185.74. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.
Hedge funds have recently modified their holdings of the business. NuWave Investment Management LLC acquired a new position in shares of Citrix Systems during the 4th quarter valued at about $107,000. Advisory Services Network LLC increased its holdings in shares of Citrix Systems by 346.8% during the 4th quarter. Advisory Services Network LLC now owns 1,479 shares of the cloud computing company’s stock valued at $130,000 after acquiring an additional 1,148 shares during the last quarter. Icon Wealth Partners LLC acquired a new position in shares of Citrix Systems during the 4th quarter valued at about $172,000. Grove Bank & Trust increased its holdings in shares of Citrix Systems by 50.0% during the 3rd quarter. Grove Bank & Trust now owns 2,303 shares of the cloud computing company’s stock valued at $177,000 after acquiring an additional 768 shares during the last quarter. Finally, Itau Unibanco Holding S.A. increased its holdings in shares of Citrix Systems by 197.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 2,090 shares of the cloud computing company’s stock valued at $184,000 after acquiring an additional 1,388 shares during the last quarter. 91.44% of the stock is currently owned by institutional investors.
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Citrix Systems Company Profile
Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.
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