Citrix Systems Earnings Estimates Lowered at Credit Suisse (CTXS)
Equities researchers at Credit Suisse reduced their earnings per share estimates on shares of Citrix Systems (NASDAQ:CTXS) in a research report issued on Thursday, AnalystRatings.Net reports. The firm currently has an “outperform” rating and a $85.00 target price on the company’s shares. Credit Suisse’s target price points to a potential upside of 27.51% from the company’s current price.
Citrix Systems (NASDAQ:CTXS) traded down 11.30% on Thursday, hitting $59.13. 10,354,954 shares of the company’s stock traded hands. Citrix Systems has a 1-year low of $56.57 and a 1-year high of $77.16. The stock’s 50-day moving average is $71.81 and its 200-day moving average is $67.71. The company has a market cap of $11.080 billion and a P/E ratio of 39.92.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.03. The company had revenue of $730.00 million for the quarter, compared to the consensus estimate of $710.19 billion. During the same quarter last year, the company posted $0.71 earnings per share. Citrix Systems’s revenue was up 18.7% compared to the same quarter last year. Analysts expect that Citrix Systems will post $3.09 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CTXS. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Citrix Systems in a research note to investors on Thursday. They now have a $76.00 price target on the stock, up previously from $67.00. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Citrix Systems to a “conviction-buy” rating in a research note to investors on Thursday. Finally, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Citrix Systems in a research note to investors on Thursday. They now have a $89.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $80.31.
Citrix Systems, Inc designs, develops and markets technology solutions that enable information technology (NASDAQ:CTXS) services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.