Citrix Systems Sees Significant Drop in Short Interest (CTXS)
Shares of Citrix Systems (NASDAQ:CTXS) were the recipient of a significant decrease in short interest in May. As of May 30th, there was short interest totalling 20,241,210 shares, a decrease of 14.1% from the May 15th total of 23,572,014 shares, StockRatingsNetwork.com reports. Currently, 12.5% of the company’s stock are sold short. Based on an average daily trading volume, of 3,422,792 shares, the days-to-cover ratio is presently 5.9 days.
A number of analysts have recently weighed in on CTXS shares. Analysts at Citigroup Inc. reiterated an “overweight” rating on shares of Citrix Systems in a research note on Wednesday, May 7th. They now have a $66.00 price target on the stock, up previously from $63.00. Separately, analysts at RBC Capital raised their price target on shares of Citrix Systems from $63.00 to $66.00 in a research note on Tuesday, May 6th. Finally, analysts at Bernberg upgraded shares of Citrix Systems from a “sell” rating to a “buy” rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $69.97.
Citrix Systems (NASDAQ:CTXS) opened at 64.20 on Tuesday. Citrix Systems has a 52-week low of $51.18 and a 52-week high of $77.16. The stock has a 50-day moving average of $61.05 and a 200-day moving average of $59.43. The company has a market cap of $10.520 billion and a price-to-earnings ratio of 35.73.
Citrix Systems (NASDAQ:CTXS) last released its earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.05. The company had revenue of $750.80 million for the quarter, compared to the consensus estimate of $732.17 million. During the same quarter last year, the company posted $0.62 earnings per share. Citrix Systems’s revenue was up 11.6% 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 is a cloud computing company. The Company designs, develops and markets technology solutions that enable information technology (NASDAQ:CTXS) services.
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