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Citrix Systems (NASDAQ:CTXS) has been given an average recommendation of “Buy” by the twenty-eight ratings firms that are currently covering the stock, StockRatingsNetwork.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $70.93.

Shares of Citrix Systems (NASDAQ:CTXS) opened at 69.37 on Thursday. Citrix Systems has a one year low of $51.18 and a one year high of $77.16. The stock’s 50-day moving average is $66. and its 200-day moving average is $61.47. The company has a market cap of $11.409 billion and a P/E ratio of 39.37.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.27. The company had revenue of $782.00 million for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts predict that Citrix Systems will post $3.24 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Citrix Systems in a research note on Thursday, July 24th. They now have a $65.00 price target on the stock, up previously from $60.00. Separately, analysts at RBC Capital raised their price target on shares of Citrix Systems from $66.00 to $69.00 in a research note on Thursday, July 24th. They now have a “sector perform” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Citrix Systems from $70.00 to $73.00 in a research note on Thursday, July 24th. They now have an “outperform” rating on the stock.

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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