Analysts predict that Citrix Systems, Inc. (NASDAQ:CTXS) will report $1.59 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have made estimates for Citrix Systems’ earnings. The highest EPS estimate is $1.66 and the lowest is $1.43. Citrix Systems reported earnings of $1.66 per share in the same quarter last year, which indicates a negative year over year growth rate of 4.2%. The company is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, January 23rd.

On average, analysts expect that Citrix Systems will report full-year earnings of $5.57 per share for the current fiscal year, with EPS estimates ranging from $5.55 to $5.60. For the next fiscal year, analysts expect that the company will post earnings of $6.04 per share, with EPS estimates ranging from $5.98 to $6.16. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Citrix Systems.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, October 24th. The cloud computing company reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.15. The firm had revenue of $732.47 million for the quarter, compared to analyst estimates of $722.76 million. Citrix Systems had a net margin of 4.27% and a return on equity of 91.46%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.22 EPS.

A number of equities analysts recently commented on CTXS shares. BidaskClub downgraded shares of Citrix Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Wedbush started coverage on shares of Citrix Systems in a research note on Thursday, October 18th. They set a “neutral” rating and a $115.00 target price for the company. Bank of America lowered their target price on shares of Citrix Systems from $123.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. Citigroup boosted their target price on shares of Citrix Systems from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 25th. Finally, Robert W. Baird lowered their target price on shares of Citrix Systems from $120.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $113.57.

Shares of NASDAQ:CTXS traded up $0.41 during trading on Wednesday, hitting $108.66. The company’s stock had a trading volume of 2,762,891 shares, compared to its average volume of 1,935,579. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 2.48 and a beta of 1.26. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.98. Citrix Systems has a fifty-two week low of $83.70 and a fifty-two week high of $116.82.

Citrix Systems announced that its Board of Directors has authorized a share repurchase plan on Wednesday, October 24th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the cloud computing company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

In other Citrix Systems news, insider Robert Calderoni sold 2,128 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $110.14, for a total transaction of $234,377.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jessica Soisson sold 1,466 shares of the company’s stock in a transaction dated Thursday, December 13th. The stock was sold at an average price of $110.77, for a total transaction of $162,388.82. Following the transaction, the vice president now owns 18,526 shares in the company, valued at $2,052,125.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,196 shares of company stock valued at $4,644,920. 0.56% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CTXS. Federated Investors Inc. PA grew its position in shares of Citrix Systems by 14.0% in the second quarter. Federated Investors Inc. PA now owns 5,332 shares of the cloud computing company’s stock valued at $559,000 after purchasing an additional 656 shares during the last quarter. Global X Management Co LLC raised its stake in Citrix Systems by 53.3% during the second quarter. Global X Management Co LLC now owns 4,158 shares of the cloud computing company’s stock worth $436,000 after purchasing an additional 1,445 shares during the period. Royal London Asset Management Ltd. purchased a new position in Citrix Systems during the second quarter worth approximately $6,719,000. United Services Automobile Association raised its stake in Citrix Systems by 10.8% during the second quarter. United Services Automobile Association now owns 362,748 shares of the cloud computing company’s stock worth $38,031,000 after purchasing an additional 35,477 shares during the period. Finally, Pensionfund Sabic purchased a new position in Citrix Systems during the third quarter worth approximately $1,779,000. Institutional investors own 99.49% of the company’s stock.

Citrix Systems Company Profile

Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.

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