Citrix Systems, Inc. (CTXS) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Citrix Systems, Inc. (NASDAQ:CTXS) announced its quarterly earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.02, Morningstar.com reports. The business had revenue of $693 million for the quarter, compared to the consensus estimate of $690.83 million. Citrix Systems had a net margin of 15.08% and a return on equity of 31.07%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 EPS. Citrix Systems updated its Q3 guidance to $1.02-1.05 EPS and its FY17 guidance to 4.60-4.65 EPS.

Shares of Citrix Systems (CTXS) traded down 0.08% during midday trading on Friday, reaching $74.61. The company had a trading volume of 1,308,861 shares. The company has a 50 day moving average of $79.66 and a 200 day moving average of $80.99. Citrix Systems has a 12-month low of $64.18 and a 12-month high of $87.99. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of 25.14 and a beta of 1.49.

ILLEGAL ACTIVITY WARNING: “Citrix Systems, Inc. (CTXS) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS” was posted by BBNS and is owned by of BBNS. If you are viewing this report on another publication, it was stolen and republished in violation of United States & international copyright and trademark laws. The correct version of this report can be viewed at https://baseballnewssource.com/markets/citrix-systems-inc-ctxs-posts-earnings-results-beats-expectations-by-0-03-eps-updated/1351077.html.

A number of analysts have commented on the stock. MKM Partners boosted their price target on shares of Citrix Systems from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Robert W. Baird upgraded shares of Citrix Systems from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $85.00 to $90.00 in a research note on Thursday, April 27th. BTIG Research reaffirmed a “neutral” rating on shares of Citrix Systems in a report on Monday, April 24th. Jefferies Group LLC cut their price objective on shares of Citrix Systems from $62.00 to $61.00 and set an “underperform” rating on the stock in a report on Friday, April 28th. Finally, Deutsche Bank AG cut their price objective on shares of Citrix Systems from $90.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $89.25.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Capstone Asset Management Co. boosted its position in shares of Citrix Systems by 1.7% in the first quarter. Capstone Asset Management Co. now owns 44,399 shares of the cloud computing company’s stock valued at $3,702,000 after buying an additional 726 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Citrix Systems by 545.3% in the first quarter. Canada Pension Plan Investment Board now owns 284,371 shares of the cloud computing company’s stock valued at $23,714,000 after buying an additional 240,300 shares during the last quarter. National Pension Service boosted its position in shares of Citrix Systems by 8.3% in the first quarter. National Pension Service now owns 148,208 shares of the cloud computing company’s stock valued at $12,466,000 after buying an additional 11,333 shares during the last quarter. Seizert Capital Partners LLC purchased a new position in shares of Citrix Systems during the first quarter valued at about $34,152,000. Finally, Eqis Capital Management Inc. boosted its position in shares of Citrix Systems by 10.8% in the second quarter. Eqis Capital Management Inc. now owns 16,216 shares of the cloud computing company’s stock valued at $1,290,000 after buying an additional 1,579 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

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.

Earnings History for Citrix Systems (NASDAQ:CTXS)

Receive News & Ratings for Citrix Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citrix Systems Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies
Boston’s Chris Sale Will Pitch In Each of Three Series With Yankees
Boston’s Chris Sale Will Pitch In Each of Three Series With Yankees
Greg Holland Out For Rockies Following Kitchen Incident
Greg Holland Out For Rockies Following Kitchen Incident


Leave a Reply

 
© 2006-2017 BBNS.