Citrix Systems, Inc. (CTXS) to Release Earnings on Wednesday
Citrix Systems, Inc. (NASDAQ:CTXS) will be posting its quarterly earnings results after the market closes on Wednesday, October 25th. Analysts expect Citrix Systems to post earnings of $1.04 per share for the quarter. Citrix Systems has set its Q3 guidance at $1.02-1.05 EPS and its FY17 guidance at 4.60-4.65 EPS.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.02). The company had revenue of $693.00 million for the quarter, compared to analyst estimates of $690.83 million. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. Citrix Systems’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.20 earnings per share. On average, analysts expect Citrix Systems to post $3.8 EPS for the current fiscal year and $4.17 EPS for the next fiscal year.
Citrix Systems, Inc. (CTXS) opened at 81.99 on Wednesday. The firm has a market capitalization of $12.42 billion, a PE ratio of 27.62 and a beta of 1.49. The company’s 50-day moving average is $77.53 and its 200-day moving average is $80.31. Citrix Systems, Inc. has a 52-week low of $65.56 and a 52-week high of $87.99.
A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $85.00 target price on shares of Citrix Systems in a research note on Tuesday, October 10th. Robert W. Baird set a $90.00 target price on shares of Citrix Systems and gave the company a “buy” rating in a research note on Friday, October 6th. Zacks Investment Research downgraded shares of Citrix Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Wells Fargo & Company raised shares of Citrix Systems from a “market perform” rating to an “outperform” rating and raised their target price for the company from $82.50 to $95.00 in a research note on Monday, October 2nd. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Citrix Systems in a research note on Wednesday, August 16th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $89.45.
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About Citrix Systems
Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.
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