Citrix Systems Given Average Rating of “Buy” by Analysts (NASDAQ:CTXS)
Shares of Citrix Systems (NASDAQ:CTXS) have been given an average recommendation of “Buy” by the twenty-eight brokerages that are currently covering the company, AnalystRatingsNetwork.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 twelve-month target price among brokers that have covered the stock in the last year is $70.93.
Shares of Citrix Systems (NASDAQ:CTXS) opened at 70.09 on Thursday. Citrix Systems has a one year low of $51.18 and a one year high of $77.16. The stock has a 50-day moving average of $66.70 and a 200-day moving average of $61.65. The company has a market cap of $11.528 billion and a P/E ratio of 39.72.
Citrix Systems (NASDAQ:CTXS) last announced its earnings results 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. Analysts expect that Citrix Systems will post $3.24 EPS 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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