A number of research firms have changed their ratings and price targets for Citrix Systems (NASDAQ: CTXS):

  • 8/9/2017 – Citrix Systems had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $90.00 price target on the stock, down previously from $95.00.
  • 8/9/2017 – Citrix Systems had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $77.00 price target on the stock.
  • 8/9/2017 – Citrix Systems had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $90.00 price target on the stock, up previously from $87.00.
  • 8/5/2017 – Citrix Systems was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/3/2017 – Citrix Systems had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $77.00 price target on the stock.
  • 8/3/2017 – Citrix Systems had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $90.00 price target on the stock, up previously from $87.00.
  • 7/31/2017 – Citrix Systems had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $85.00 price target on the stock.
  • 7/28/2017 – Citrix Systems was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Citrix Systems, Inc. (NASDAQ CTXS) opened at 74.67 on Friday. The company has a market cap of $11.31 billion, a price-to-earnings ratio of 25.16 and a beta of 1.49. The stock has a 50 day moving average price of $79.85 and a 200-day moving average price of $80.99. Citrix Systems, Inc. has a 1-year low of $64.18 and a 1-year high of $87.99.

Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.02. Citrix Systems had a net margin of 15.08% and a return on equity of 31.07%. The business had revenue of $693 million for the quarter, compared to analyst estimates of $690.83 million. During the same quarter last year, the business earned $1.20 earnings per share. Citrix Systems’s revenue was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that Citrix Systems, Inc. will post $4.63 EPS for the current year.

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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