Citrix Systems Inc. (NASDAQ:CTXS) – Equities research analysts at Credit Agricole SA decreased their Q1 2017 earnings estimates for shares of Citrix Systems in a research note issued on Wednesday. Credit Agricole SA analyst E. Maguire now forecasts that the brokerage will post earnings per share of $1.07 for the quarter, down from their prior forecast of $1.09.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Tuesday, July 26th. The cloud computing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. The business had revenue of $843 million for the quarter, compared to analyst estimates of $816.56 million. During the same quarter last year, the business earned $1.00 EPS. Citrix Systems’s revenue for the quarter was up 5.8% compared to the same quarter last year.
A number of other brokerages also recently commented on CTXS. MKM Partners restated a “buy” rating and issued a $93.00 target price on shares of Citrix Systems in a research note on Tuesday, April 12th. Stifel Nicolaus restated a “buy” rating and issued a $96.00 target price (up previously from $89.00) on shares of Citrix Systems in a research note on Monday, April 18th. Mizuho boosted their target price on Citrix Systems from $70.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, April 21st. Cowen and Company boosted their target price on Citrix Systems from $85.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, April 21st. Finally, Robert W. Baird boosted their target price on Citrix Systems from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, April 21st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $87.58.
In other Citrix Systems news, Director Murray J. Demo sold 1,000 shares of the stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $85.72, for a total value of $85,720.00. Following the transaction, the director now directly owns 19,405 shares in the company, valued at approximately $1,663,396.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP William Burley sold 1,253 shares of the stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $83.05, for a total value of $104,061.65. Following the completion of the transaction, the vice president now owns 53,838 shares in the company, valued at $4,471,245.90. The disclosure for this sale can be found here.
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.
