Barclays Reaffirms Overweight Rating for Citrix Systems (CTXS)
Citrix Systems (NASDAQ:CTXS)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays in a research report issued on Thursday. They currently have a $76.00 price objective on the stock, up from their previous price objective of $72.00. Barclays’ target price would suggest a potential upside of 7.54% from the company’s current price.
CTXS has been the subject of a number of other recent research reports. 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $71.11.
In other Citrix Systems news, Director Murray J. Demo sold 1,000 shares of the stock on the open market in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $70.01, for a total value of $70,010.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Citrix Systems (NASDAQ:CTXS) traded down 0.24% on Thursday, hitting $70.50. The stock had a trading volume of 178,928 shares. Citrix Systems has a 52 week low of $51.18 and a 52 week high of $77.16. The stock’s 50-day moving average is $68.12 and its 200-day moving average is $62.48. The company has a market cap of $11.595 billion and a price-to-earnings ratio of 40.04.
Citrix Systems (NASDAQ:CTXS) last released its 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. Analysts expect that Citrix Systems will post $3.24 EPS 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.