Citrix Systems Price Target Cut to $70.00 by Analysts at FBN Securities (CTXS)
Equities research analysts at FBN Securities dropped their price target on shares of Citrix Systems (NASDAQ:CTXS) from $80.00 to $70.00 in a research note issued to investors on Thursday, American Banking News reports. The firm currently has an “outperform” rating on the stock. FBN Securities’ price target would indicate a potential upside of 19.15% from the company’s current price.
CTXS has been the subject of a number of other recent research reports. 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. Separately, analysts at Credit Agricole cut their price target on shares of Citrix Systems from $78.00 to $68.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Credit Suisse cut their EPS estimates on shares of Citrix Systems in a research note on Thursday. They now have an “outperform” rating and a $85.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $77.96.
Shares of 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 has a 50-day moving average of $71.81 and a 200-day moving average of $67.71. The company has a market cap of $11.009 billion and a P/E 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.