Wall Street analysts expect Citrix Systems, Inc. (NASDAQ:CTXS) to post sales of $675.78 million for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Citrix Systems’ earnings. The lowest sales estimate is $670.30 million and the highest is $682.70 million. Citrix Systems reported sales of $662.68 million in the same quarter last year, which would suggest a positive year over year growth rate of 2%. The company is scheduled to issue its next quarterly earnings report on Wednesday, April 25th.

On average, analysts expect that Citrix Systems will report full year sales of $675.78 million for the current year, with estimates ranging from $2.86 billion to $2.96 billion. For the next financial year, analysts anticipate that the business will report sales of $2.98 billion per share, with estimates ranging from $2.94 billion to $3.15 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Citrix Systems.

Citrix Systems (NASDAQ:CTXS) last issued its earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.60 by $0.06. The company had revenue of $777.90 million during the quarter, compared to analyst estimates of $778.49 million. Citrix Systems had a positive return on equity of 38.56% and a negative net margin of 0.73%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.61 EPS.

A number of research analysts recently issued reports on CTXS shares. Sanford C. Bernstein boosted their price objective on Citrix Systems from $95.00 to $106.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Morgan Stanley boosted their price objective on Citrix Systems from $82.00 to $84.00 and gave the company an “underweight” rating in a research report on Thursday, February 1st. Bank of America boosted their price objective on Citrix Systems from $91.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Stifel Nicolaus boosted their price objective on Citrix Systems from $86.00 to $88.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. Finally, Mizuho restated a “buy” rating and set a $101.00 price objective on shares of Citrix Systems in a research report on Wednesday, January 31st. Two 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. The company has a consensus rating of “Hold” and a consensus price target of $91.31.

In other Citrix Systems news, SVP Rotterdam Jeroen Van sold 8,530 shares of Citrix Systems stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $84.58, for a total transaction of $721,467.40. Following the sale, the senior vice president now owns 67,122 shares of the company’s stock, valued at approximately $5,677,178.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David J. Henshall sold 12,500 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $88.31, for a total value of $1,103,875.00. Following the completion of the sale, the chief executive officer now directly owns 294,277 shares in the company, valued at approximately $25,987,601.87. The disclosure for this sale can be found here. Insiders have sold a total of 96,030 shares of company stock worth $8,341,942 in the last ninety days. 0.44% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BT Investment Management Ltd raised its stake in shares of Citrix Systems by 11.7% in the 3rd quarter. BT Investment Management Ltd now owns 1,314,871 shares of the cloud computing company’s stock worth $101,020,000 after buying an additional 138,032 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Citrix Systems by 0.9% in the 3rd quarter. Schroder Investment Management Group now owns 1,267,628 shares of the cloud computing company’s stock worth $97,221,000 after buying an additional 10,876 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in shares of Citrix Systems by 35.7% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 943,697 shares of the cloud computing company’s stock worth $72,494,000 after buying an additional 248,454 shares in the last quarter. MUFG Securities EMEA plc raised its stake in shares of Citrix Systems by 3.0% in the 4th quarter. MUFG Securities EMEA plc now owns 901,300 shares of the cloud computing company’s stock worth $79,314,000 after buying an additional 26,300 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of Citrix Systems by 0.4% in the 3rd quarter. Toronto Dominion Bank now owns 814,903 shares of the cloud computing company’s stock worth $62,592,000 after buying an additional 3,331 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors.

Shares of Citrix Systems (NASDAQ:CTXS) traded up $1.04 on Wednesday, hitting $86.79. The stock had a trading volume of 1,643,957 shares, compared to its average volume of 1,559,852. The firm has a market cap of $13,080.00, a price-to-earnings ratio of 2,893.00, a price-to-earnings-growth ratio of 2.72 and a beta of 1.35. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.14. Citrix Systems has a one year low of $73.33 and a one year high of $95.00.

Citrix Systems announced that its Board of Directors has authorized a stock repurchase plan on Monday, November 13th that allows the company to buyback $1.70 billion in outstanding shares. This buyback authorization allows the cloud computing company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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

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