Citrix Systems (NASDAQ:CTXS) Releases Q4 Earnings Guidance

Citrix Systems (NASDAQ:CTXS) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.25-1.35 for the period, compared to the Thomson Reuters consensus estimate of $1.32. The company issued revenue guidance of $775-785 million, compared to the consensus revenue estimate of $786.95 million.Citrix Systems also updated its FY 2020
Pre-Market guidance to 5.89-5.99 EPS.

Several brokerages have issued reports on CTXS. BidaskClub lowered shares of Citrix Systems from a hold rating to a sell rating in a report on Monday. UBS Group began coverage on shares of Citrix Systems in a report on Tuesday, October 13th. They issued a neutral rating and a $146.00 price target on the stock. Raymond James lowered their target price on shares of Citrix Systems from $185.00 to $145.00 and set an outperform rating on the stock in a report on Friday. Smith Barney Citigroup upped their target price on shares of Citrix Systems from $195.00 to $205.00 in a report on Friday. Finally, Wells Fargo & Company upped their target price on shares of Citrix Systems from $165.00 to $175.00 and gave the stock an overweight rating in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Citrix Systems currently has an average rating of Hold and an average price target of $152.93.

NASDAQ CTXS traded down $4.02 on Friday, hitting $122.63. 119,416 shares of the company were exchanged, compared to its average volume of 1,892,011. The firm has a 50 day moving average of $136.86 and a two-hundred day moving average of $142.63. The company has a market cap of $15.65 billion, a P/E ratio of 20.49, a P/E/G ratio of 5.06 and a beta of 0.26. Citrix Systems has a 1-year low of $100.31 and a 1-year high of $173.56.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Thursday, October 22nd. The cloud computing company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.13. The business had revenue of $767.17 million for the quarter, compared to the consensus estimate of $759.02 million. Citrix Systems had a net margin of 24.11% and a return on equity of 201.80%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 EPS. On average, analysts expect that Citrix Systems will post 3.82 EPS for the current fiscal year.

In other Citrix Systems news, CEO David J. Henshall sold 4,220 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $145.04, for a total transaction of $612,068.80. Following the transaction, the chief executive officer now directly owns 338,031 shares in the company, valued at approximately $49,028,016.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David J. Henshall sold 6,420 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $142.91, for a total transaction of $917,482.20. Following the transaction, the chief executive officer now owns 340,031 shares in the company, valued at $48,593,830.21. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,885 shares of company stock worth $5,601,725. 0.54% of the stock is owned by corporate insiders.

Citrix Systems Company Profile

Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.

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Earnings History and Estimates for Citrix Systems (NASDAQ:CTXS)

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