Today: Citrix Systems Inc. (CTXS) to Release Quarterly Earnings on Wednesday

Today: Citrix Systems Inc. (CTXS) to Release Quarterly Earnings on Wednesday

Citrix Systems Inc. (NASDAQ:CTXS) is scheduled to announce its Q316 earnings results on Wednesday, October 19th. Analysts expect the company to announce earnings of $1.19 per share and revenue of $827.21 million for the quarter. Citrix Systems has set its Q3 guidance at $1.18-1.20 EPS and its FY16 guidance at $5.00-5.10 EPS.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Tuesday, July 26th. The cloud computing company reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.06. The business had revenue of $843 million for the quarter, compared to analysts’ expectations of $816.56 million. Citrix Systems had a net margin of 11.56% and a return on equity of 32.31%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 earnings per share. On average, analysts expect Citrix Systems to post $5.06 EPS for the current fiscal year and $5.49 EPS for the next fiscal year.

Shares of Citrix Systems Inc. (NASDAQ:CTXS) opened at 83.64 on Monday. The stock has a market cap of $13.02 billion, a PE ratio of 33.70 and a beta of 1.94. The firm has a 50-day moving average of $85.01 and a 200-day moving average of $83.95. Citrix Systems Inc. has a one year low of $60.91 and a one year high of $90.00.

A number of equities analysts recently commented on the stock. Jefferies Group cut shares of Citrix Systems from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $80.00 to $71.00 in a research note on Monday, August 1st. They noted that the move was a valuation call. Stifel Nicolaus cut shares of Citrix Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Citrix Systems from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Deutsche Bank AG lifted their price target on shares of Citrix Systems from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Wednesday, July 27th. Finally, Barclays PLC lifted their price target on shares of Citrix Systems from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $87.30.

In other news, Director Murray J. Demo sold 1,000 shares of the company’s stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $86.03, for a total value of $86,030.00. Following the sale, the director now directly owns 14,276 shares of the company’s stock, valued at approximately $1,228,164.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Christopher Hylen sold 3,878 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $86.17, for a total transaction of $334,167.26. Following the completion of the sale, the senior vice president now directly owns 45,125 shares in the company, valued at $3,888,421.25. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its stake in Citrix Systems by 165.2% in the second quarter. American Century Companies Inc. now owns 154,116 shares of the cloud computing company’s stock valued at $12,343,000 after buying an additional 96,012 shares during the period. BlackRock Investment Management LLC increased its stake in Citrix Systems by 0.5% in the second quarter. BlackRock Investment Management LLC now owns 321,508 shares of the cloud computing company’s stock valued at $25,750,000 after buying an additional 1,476 shares during the period. BlackRock Inc. increased its stake in Citrix Systems by 42.2% in the second quarter. BlackRock Inc. now owns 468,428 shares of the cloud computing company’s stock valued at $37,516,000 after buying an additional 139,049 shares during the period. BlackRock Group LTD increased its stake in Citrix Systems by 3.5% in the second quarter. BlackRock Group LTD now owns 1,323,351 shares of the cloud computing company’s stock valued at $105,987,000 after buying an additional 44,251 shares during the period. Finally, US Bancorp DE increased its stake in Citrix Systems by 42.1% in the second quarter. US Bancorp DE now owns 26,330 shares of the cloud computing company’s stock valued at $2,109,000 after buying an additional 7,803 shares during the period. 96.68% of the stock is currently owned by institutional investors and hedge funds.

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