Citrix Systems, Inc. (NASDAQ:CTXS) – Research analysts at William Blair issued their Q1 2019 earnings per share estimates for Citrix Systems in a note issued to investors on Thursday, Zacks Investment Research reports. William Blair analyst J. Ader expects that the cloud computing company will earn $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.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings data on Wednesday, January 31st. The cloud computing company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $777.90 million for the quarter, compared to the consensus estimate of $778.49 million. During the same quarter in the previous year, the business earned $1.61 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year.
CTXS has been the topic of a number of other reports. Bank of America lifted their target price on Citrix Systems from $91.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Stifel Nicolaus lifted their target price on 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 Citrix Systems from $95.00 to $106.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Mizuho restated a “buy” rating and issued a $101.00 target price on shares of Citrix Systems in a report on Wednesday, January 31st. Finally, Morgan Stanley lifted their target price on Citrix Systems from $82.00 to $84.00 and gave the stock an “underweight” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $91.31.
Shares of Citrix Systems (NASDAQ CTXS) opened at $85.75 on Monday. Citrix Systems has a 12 month low of $73.33 and a 12 month high of $95.00. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $12,920.41, a price-to-earnings ratio of -357.29, a PEG ratio of 2.72 and a beta of 1.34.
Hedge funds and other institutional investors have recently modified their holdings of the business. NuWave Investment Management LLC purchased a new position in Citrix Systems in the fourth quarter valued at about $107,000. Advisory Services Network LLC grew its stake in Citrix Systems by 346.8% in 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 in the last quarter. Grove Bank & Trust grew its stake in Citrix Systems by 50.0% in the third quarter. Grove Bank & Trust now owns 2,303 shares of the cloud computing company’s stock valued at $177,000 after purchasing an additional 768 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in Citrix Systems by 197.7% in 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 in the last quarter. Finally, Rational Advisors LLC acquired a new stake in shares of Citrix Systems in the fourth quarter worth about $194,000. Hedge funds and other institutional investors own 90.79% of the company’s stock.
In other Citrix Systems news, insider Robert Calderoni sold 60,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $85.61, for a total value of $5,136,600.00. Following the transaction, the insider now owns 178,706 shares in the company, valued at $15,299,020.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rotterdam Jeroen Van sold 8,530 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $84.58, for a total value of $721,467.40. Following the completion of the transaction, the senior vice president now owns 67,122 shares in the company, valued at approximately $5,677,178.76. The disclosure for this sale can be found here. Insiders have sold 96,030 shares of company stock worth $8,341,942 in the last quarter. 0.44% of the stock is currently owned by corporate insiders.
Citrix Systems announced that its Board of Directors has authorized a share repurchase program on Monday, November 13th that authorizes the company to repurchase $1.70 billion in shares. This repurchase authorization authorizes the cloud computing company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
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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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