Citrix Systems, Inc. (NASDAQ:CTXS) Updates Q3 Earnings Guidance
Citrix Systems, Inc. (NASDAQ:CTXS) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $1.02-1.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.19. The company issued revenue guidance of $685-695 million, compared to the consensus revenue estimate of $699.48 million.Citrix Systems also updated its FY17 guidance to 4.60-4.65 EPS.
Several research firms have weighed in on CTXS. Stifel Nicolaus reiterated a hold rating and issued a $77.00 price objective on shares of Citrix Systems in a report on Thursday. Barclays PLC reiterated an overweight rating and issued a $90.00 price objective (up previously from $87.00) on shares of Citrix Systems in a report on Thursday. Robert W. Baird upgraded Citrix Systems from a neutral rating to an outperform rating and increased their price objective for the stock from $85.00 to $90.00 in a report on Thursday, April 27th. BidaskClub cut Citrix Systems from a hold rating to a sell rating in a report on Friday, July 28th. Finally, MKM Partners increased their price objective on Citrix Systems from $95.00 to $105.00 and gave the stock a buy rating in a report on Tuesday, April 25th. Four equities research 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’s stock. The company currently has a consensus rating of Hold and a consensus target price of $90.13.
Shares of Citrix Systems, Inc. (NASDAQ CTXS) traded up 0.70% on Friday, hitting $78.05. The stock had a trading volume of 822,478 shares. The company has a market cap of $12.18 billion, a P/E ratio of 26.30 and a beta of 1.49. Citrix Systems, Inc. has a 52-week low of $64.11 and a 52-week high of $87.99. The company has a 50-day moving average of $80.46 and a 200-day moving average of $80.96.
Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.02. Citrix Systems had a net margin of 15.08% and a return on equity of 29.85%. The business had revenue of $693 million for the quarter, compared to analysts’ expectations of $690.83 million. During the same quarter last year, the firm earned $1.20 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Citrix Systems, Inc. will post $4.63 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2017/08/04/citrix-systems-inc-nasdaqctxs-updates-q3-earnings-guidance.html.
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.
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 MarketBeat.com's FREE daily email newsletter.