Press coverage about Citrix Systems (NASDAQ:CTXS) has trended somewhat positive on Sunday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Citrix Systems earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the cloud computing company an impact score of 46.5952597068788 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
Several research firms recently weighed in on CTXS. Sanford C. Bernstein increased their price target on Citrix Systems from $95.00 to $106.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Morgan Stanley increased their price target on Citrix Systems from $82.00 to $84.00 and gave the company an “underweight” rating in a report on Thursday, February 1st. Bank of America increased their price target on Citrix Systems from $91.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Stifel Nicolaus increased their price target on Citrix Systems from $86.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, February 1st. Finally, Mizuho restated a “buy” rating and set a $101.00 price target on shares of Citrix Systems in a report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $91.31.
Citrix Systems (CTXS) traded up $0.22 during mid-day trading on Friday, reaching $91.21. The company’s stock had a trading volume of 2,760,000 shares, compared to its average volume of 1,660,000. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.55 and a current ratio of 1.55. Citrix Systems has a twelve month low of $73.33 and a twelve month high of $95.00. The stock has a market capitalization of $13,740.00, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 2.90 and a beta of 1.35.
Citrix Systems (NASDAQ:CTXS) last released its earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.06. Citrix Systems had a positive return on equity of 38.56% and a negative net margin of 0.73%. The business had revenue of $777.90 million for the quarter, compared to analyst estimates of $778.49 million. During the same quarter last year, the firm posted $1.61 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. equities research analysts forecast that Citrix Systems will post 3.88 earnings per share for the current fiscal year.
Citrix Systems announced that its board has authorized a share repurchase program on Monday, November 13th that allows the company to repurchase $1.70 billion in outstanding shares. This repurchase authorization allows the cloud computing company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
In other Citrix Systems news, CFO Mark M. Coyle sold 2,500 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $88.90, for a total value of $222,250.00. Following the sale, the chief financial officer now owns 36,012 shares in the company, valued at $3,201,466.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David J. Henshall sold 12,500 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $92.62, for a total value of $1,157,750.00. Following the completion of the sale, the chief executive officer now owns 281,777 shares in the company, valued at approximately $26,098,185.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,500 shares of company stock worth $2,483,875. Insiders own 0.44% of the company’s stock.
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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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