Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Citrix Systems (CTXS) Share Price
News coverage about Citrix Systems (NASDAQ:CTXS) has trended somewhat positive on Tuesday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Citrix Systems earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the cloud computing company an impact score of 45.9063601960332 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Citrix: Performance Leap in Citrix Receiver 12.8 for Mac for HDX 3D Pro XenDesktop (dabcc.com)
- Citrix Named a Leader for Cloud and Hybrid Solutions in Enterprise File Sync and Share Platforms (finance.yahoo.com)
- Citrix Systems, Inc. (CTXS) (finance.yahoo.com)
- ETFs with exposure to Citrix Systems, Inc. : December 15, 2017 (finance.yahoo.com)
- Citrix: What’s New in XenApp, XenDesktop and XenServer in December 2017 (dabcc.com)
Citrix Systems (NASDAQ:CTXS) traded up $0.09 during trading on Tuesday, hitting $87.86. The company had a trading volume of 1,040,000 shares, compared to its average volume of 1,750,000. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.43 and a current ratio of 1.44. The firm has a market capitalization of $13,240.00, a price-to-earnings ratio of 21.30, a P/E/G ratio of 4.18 and a beta of 1.41. Citrix Systems has a one year low of $70.24 and a one year high of $88.96.
Citrix Systems declared that its board has approved a share buyback program on Monday, November 13th that authorizes the company to repurchase $1.70 billion in outstanding shares. This repurchase authorization authorizes the cloud computing company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
Several analysts have recently weighed in on CTXS shares. Citigroup reduced their price target on Citrix Systems from $96.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, October 27th. KeyCorp restated a “hold” rating on shares of Citrix Systems in a report on Friday, November 10th. Goldman Sachs Group upgraded Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price target on the stock in a report on Friday, November 3rd. Zacks Investment Research cut Citrix Systems from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, Robert W. Baird restated a “buy” rating and set a $90.00 price target on shares of Citrix Systems in a report on Sunday, November 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. Citrix Systems has an average rating of “Hold” and an average price target of $89.50.
In other Citrix Systems news, SVP Rotterdam Jeroen Van sold 8,530 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $84.58, for a total value of $721,467.40. Following the transaction, the senior vice president now directly owns 67,122 shares of the company’s stock, valued at $5,677,178.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David J. Henshall sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $88.31, for a total value of $1,103,875.00. Following the completion of the transaction, the chief executive officer now directly owns 294,277 shares in the company, valued at $25,987,601.87. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,030 shares of company stock worth $8,225,867. 0.44% of the stock is owned by insiders.
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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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