Citrix Systems Given New $78.00 Price Target at Susquehanna (CTXS)
Analysts at Susquehanna dropped their price target on shares of Citrix Systems (NASDAQ:CTXS) from $85.00 to $78.00 in a research report issued to clients and investors on Thursday, AmericanBankingNews.com reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price objective would indicate a potential upside of 32.77% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group cut their price target on shares of Citrix Systems from $84.00 to $78.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at FBN Securities cut their price target on shares of Citrix Systems from $80.00 to $70.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Citrix Systems from $85.00 to $79.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. Citrix Systems has a consensus rating of “Buy” and an average price target of $77.96.
Citrix Systems (NASDAQ:CTXS) traded down 11.87% on Thursday, hitting $58.75. 15,449,285 shares of the company’s stock traded hands. Citrix Systems has a 52-week low of $56.57 and a 52-week 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 $11.009 billion and a price-to-earnings ratio of 39.92.
Citrix Systems (NASDAQ:CTXS) last announced its earnings results 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. On average, analysts predict that Citrix Systems will post $3.09 earnings per share for the current fiscal year.
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.