Citrix Systems Stock Rating Reaffirmed by RBC Capital (CTXS)
Citrix Systems (NASDAQ:CTXS)‘s stock had its “sector perform” rating reiterated by equities research analysts at RBC Capital in a research note issued to investors on Thursday, StockRatingsNetwork.com reports. They currently have a $76.00 price objective on the stock, up from their previous price objective of $67.00. RBC Capital’s target price indicates a potential upside of 14.01% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. downgraded shares of Citrix Systems to a “conviction-buy” rating in a research note to investors on Thursday. Separately, 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. Finally, analysts at Stifel Nicolaus cut their price target on shares of Citrix Systems from $81.00 to $70.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Citrix Systems currently has an average rating of “Buy” and a consensus target price of $80.12.
Citrix Systems (NASDAQ:CTXS) opened at 66.66 on Thursday. Citrix Systems has a one year low of $56.57 and a one year 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 $12.491 billion and a price-to-earnings 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.
Citrix Systems, Inc designs, develops and markets technology solutions that enable information technology (NASDAQ:CTXS) services.
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