Citrix Systems, Inc. (CTXS) Set to Announce Earnings on Tuesday
Citrix Systems, Inc. (NASDAQ:CTXS) is scheduled to release its earnings data after the market closes on Tuesday, October 17th. Citrix Systems has set its Q3 guidance at $1.02-1.05 EPS and its FY17 guidance at 4.60-4.65 EPS.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The business had revenue of $693.00 million for the quarter, compared to analyst estimates of $690.83 million. During the same quarter last year, the firm earned $1.20 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts expect Citrix Systems to post $3.8 EPS for the current fiscal year and $4.17 EPS for the next fiscal year.
Citrix Systems, Inc. (NASDAQ:CTXS) opened at 81.47 on Friday. Citrix Systems, Inc. has a one year low of $65.56 and a one year high of $87.99. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 27.45 and a beta of 1.49. The stock’s 50 day moving average price is $77.53 and its 200-day moving average price is $80.33.
CTXS has been the subject of a number of recent analyst reports. MKM Partners restated a “buy” rating and issued a $90.00 price objective (down from $95.00) on shares of Citrix Systems in a report on Wednesday, August 9th. Barclays PLC restated an “overweight” rating and issued a $90.00 price objective (up from $87.00) on shares of Citrix Systems in a report on Thursday, August 3rd. Zacks Investment Research lowered shares of Citrix Systems from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Jefferies Group LLC restated a “sell” rating and issued a $61.00 price objective on shares of Citrix Systems in a report on Friday, August 11th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $85.00 price objective on shares of Citrix Systems in a report on Tuesday, October 10th. Four 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. The stock has a consensus rating of “Hold” and an average target price of $89.45.
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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