Citrix Systems Inc. (CTXS) Set to Announce Earnings on Wednesday
Citrix Systems Inc. (NASDAQ:CTXS) will issue its Q316 quarterly earnings data on Wednesday, October 19th. Analysts expect the company to announce earnings of $1.19 per share and revenue of $827.21 million for the quarter. Citrix Systems has set its Q3 guidance at $1.18-1.20 EPS and its FY16 guidance at $5.00-5.10 EPS.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Tuesday, July 26th. The cloud computing company reported $1.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.06. Citrix Systems had a return on equity of 32.31% and a net margin of 11.56%. The business earned $843 million during the quarter, compared to analysts’ expectations of $816.56 million. During the same quarter in the prior year, the business earned $1.00 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts expect Citrix Systems to post $5.06 EPS for the current fiscal year and $5.49 EPS for the next fiscal year.
Shares of Citrix Systems Inc. (NASDAQ:CTXS) opened at 83.17 on Tuesday. The stock has a market cap of $12.95 billion, a PE ratio of 33.51 and a beta of 1.94. The stock’s 50 day moving average price is $84.87 and its 200 day moving average price is $84.07. Citrix Systems Inc. has a 1-year low of $60.91 and a 1-year high of $90.00.
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In other news, VP William Burley sold 365 shares of Citrix Systems stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $84.81, for a total transaction of $30,955.65. Following the transaction, the vice president now owns 52,695 shares in the company, valued at $4,469,062.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jessica Soisson sold 6,140 shares of Citrix Systems stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $89.01, for a total value of $546,521.40. Following the transaction, the vice president now owns 18,790 shares in the company, valued at approximately $1,672,497.90. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CTXS. Pacer Advisors Inc. increased its position in shares of Citrix Systems by 1.6% in the second quarter. Pacer Advisors Inc. now owns 4,899 shares of the cloud computing company’s stock worth $393,000 after buying an additional 79 shares in the last quarter. Zacks Investment Management increased its position in shares of Citrix Systems by 0.5% in the second quarter. Zacks Investment Management now owns 23,481 shares of the cloud computing company’s stock worth $1,881,000 after buying an additional 125 shares in the last quarter. First Allied Advisory Services Inc. increased its position in shares of Citrix Systems by 5.3% in the second quarter. First Allied Advisory Services Inc. now owns 3,362 shares of the cloud computing company’s stock worth $270,000 after buying an additional 170 shares in the last quarter. Bank of Nova Scotia increased its position in shares of Citrix Systems by 7.0% in the second quarter. Bank of Nova Scotia now owns 3,071 shares of the cloud computing company’s stock worth $246,000 after buying an additional 200 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co increased its position in shares of Citrix Systems by 4.0% in the second quarter. Meiji Yasuda Life Insurance Co now owns 5,950 shares of the cloud computing company’s stock worth $477,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 96.92% of the company’s stock.
Several research analysts have recently commented on the company. Mizuho reiterated a “neutral” rating and issued a $90.00 target price on shares of Citrix Systems in a research report on Monday. Vetr upgraded Citrix Systems from a “hold” rating to a “buy” rating and set a $87.24 target price for the company in a research report on Tuesday, October 11th. Zacks Investment Research lowered Citrix Systems from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Jefferies Group lowered Citrix Systems from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $80.00 to $71.00 in a research report on Monday, August 1st. They noted that the move was a valuation call. Finally, Citigroup Inc. lifted their target price on Citrix Systems from $93.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company’s stock. Citrix Systems has a consensus rating of “Hold” and an average price target of $87.30.
Citrix Systems Company Profile
Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.
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