Somewhat Positive Media Coverage Somewhat Unlikely to Impact Citrix Systems (CTXS) Share Price
News coverage about Citrix Systems (NASDAQ:CTXS) has been trending somewhat positive on Wednesday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Citrix Systems earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the cloud computing company an impact score of 46.5758484035096 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Citrix Systems Enters 2018 Leaner, but Still in Fighting Shape (fool.com)
- Citrix’s Americas Region: A Key Revenue Generator (finance.yahoo.com)
- Portland’s Cedexis sold to Citrix Systems (finance.yahoo.com)
- Citrix Systems acquires Portland startup Cedexis (finance.yahoo.com)
- Head-To-Head Comparison: Nice (NICE) vs. Citrix Systems (CTXS) (americanbankingnews.com)
Several analysts have recently weighed in on CTXS shares. Stifel Nicolaus lowered their price objective on shares of Citrix Systems from $77.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, October 26th. BidaskClub lowered shares of Citrix Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 2nd. Barclays lowered shares of Citrix Systems from an “overweight” rating to an “equal weight” rating and set a $90.00 price objective for the company. in a research note on Monday, January 8th. Robert W. Baird reiterated a “buy” rating on shares of Citrix Systems in a research note on Thursday, January 18th. Finally, KeyCorp reiterated a “hold” rating on shares of Citrix Systems in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $91.31.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.06. Citrix Systems had a negative net margin of 0.73% and a positive return on equity of 38.56%. The business had revenue of $777.90 million during the quarter, compared to the consensus estimate of $778.49 million. During the same quarter last year, the firm posted $1.61 EPS. Citrix Systems’s revenue was up 5.9% compared to the same quarter last year. sell-side analysts anticipate that Citrix Systems will post 3.88 EPS for the current fiscal year.
Citrix Systems announced that its board has initiated a stock repurchase plan on Monday, November 13th that allows the company to repurchase $1.70 billion in shares. This repurchase authorization allows the cloud computing company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.
In related news, insider Robert Calderoni sold 60,000 shares of Citrix Systems stock in a transaction on Friday, November 17th. The shares were sold at an average price of $85.61, for a total value of $5,136,600.00. Following the completion of the sale, the insider now owns 178,706 shares of the company’s stock, valued at approximately $15,299,020.66. 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 Citrix Systems stock in a transaction on Friday, December 1st. The shares were sold at an average price of $88.31, for a total transaction of $1,103,875.00. Following the completion of the sale, the chief executive officer now directly owns 294,277 shares of the company’s stock, valued at approximately $25,987,601.87. The disclosure for this sale can be found here. In the last three months, insiders sold 87,500 shares of company stock valued at $7,620,475. 0.44% of the stock is currently owned by insiders.
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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