Citrix Systems, Inc. (NASDAQ:CTXS) – Analysts at William Blair issued their Q1 2019 earnings per share (EPS) estimates for Citrix Systems in a report issued on Thursday, according to Zacks Investment Research. William Blair analyst J. Ader anticipates that the cloud computing company will post earnings of $0.90 per share for the quarter. William Blair also issued estimates for Citrix Systems’ Q2 2019 earnings at $0.87 EPS, Q3 2019 earnings at $1.02 EPS and Q4 2019 earnings at $1.51 EPS.
A number of other analysts also recently issued reports on CTXS. Mizuho restated a “buy” rating and set a $101.00 price objective on shares of Citrix Systems in a report on Wednesday, January 31st. Bank of America raised their price objective on shares of Citrix Systems from $91.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Stifel Nicolaus raised their price objective on shares of Citrix Systems from $86.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, February 1st. Sanford C. Bernstein lifted their target price on shares of Citrix Systems from $95.00 to $106.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Morgan Stanley lifted their target price on shares of Citrix Systems from $82.00 to $84.00 and gave the stock an “underweight” rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. Citrix Systems presently has a consensus rating of “Hold” and an average target price of $91.31.
Citrix Systems (CTXS) traded up $0.08 during midday trading on Monday, reaching $86.87. 1,869,400 shares of the company were exchanged, compared to its average volume of 1,548,587. Citrix Systems has a 1-year low of $73.33 and a 1-year high of $95.00. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $13,077.12, a P/E ratio of -370.88, a PEG ratio of 2.76 and a beta of 1.34.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.06. Citrix Systems had a negative net margin of 0.73% and a positive return on equity of 38.56%. The business had revenue of $777.90 million during the quarter, compared to the consensus estimate of $778.49 million. During the same quarter last year, the company posted $1.61 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year.
Citrix Systems announced that its Board of Directors has initiated a stock repurchase plan on Monday, November 13th that authorizes the company to buyback $1.70 billion in shares. This buyback authorization authorizes the cloud computing company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.
In related news, CEO David J. Henshall sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $88.31, for a total transaction of $1,103,875.00. Following the completion of the transaction, the chief executive officer now owns 294,277 shares of the company’s stock, valued at $25,987,601.87. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert Calderoni sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $85.61, for a total transaction of $5,136,600.00. Following the transaction, the insider now directly owns 178,706 shares of the company’s stock, valued at approximately $15,299,020.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,500 shares of company stock valued at $7,620,475. 0.44% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. NuWave Investment Management LLC bought a new stake in Citrix Systems during the fourth quarter valued at approximately $107,000. Advisory Services Network LLC lifted its position in Citrix Systems by 346.8% during the fourth quarter. Advisory Services Network LLC now owns 1,479 shares of the cloud computing company’s stock valued at $130,000 after purchasing an additional 1,148 shares during the last quarter. Icon Wealth Partners LLC bought a new stake in Citrix Systems during the fourth quarter valued at approximately $172,000. Itau Unibanco Holding S.A. lifted its position in Citrix Systems by 197.7% during the fourth quarter. Itau Unibanco Holding S.A. now owns 2,090 shares of the cloud computing company’s stock valued at $184,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Rational Advisors LLC bought a new stake in Citrix Systems during the fourth quarter valued at approximately $194,000. Institutional investors and hedge funds own 90.79% of the company’s stock.
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Citrix Systems Company Profile
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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