The Citrix Systems, Inc. (CTXS) Announces Earnings Results, Beats Estimates By $0.18 EPS

The Citrix Systems, Inc. (CTXS) Announces  Earnings Results, Beats Estimates By $0.18 EPS

Citrix Systems, Inc. (NASDAQ:CTXS) posted its quarterly earnings results on Wednesday. The cloud computing company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.18, Bloomberg Earnings reports. The business had revenue of $691.00 million during the quarter, compared to the consensus estimate of $691.61 million. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. Citrix Systems’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.32 earnings per share. Citrix Systems updated its FY17 guidance to $4.79-4.81 EPS.

Citrix Systems (NASDAQ:CTXS) traded down 0.91% during mid-day trading on Wednesday, hitting $82.43. The stock had a trading volume of 2,303,646 shares. The company’s 50 day moving average price is $78.73 and its 200 day moving average price is $80.29. The firm has a market cap of $12.49 billion, a PE ratio of 27.77 and a beta of 1.49. Citrix Systems has a 52 week low of $65.49 and a 52 week high of $87.99.

A number of research firms have issued reports on CTXS. Mizuho reiterated a “buy” rating and issued a $94.00 target price on shares of Citrix Systems in a research report on Wednesday. Royal Bank Of Canada reiterated a “hold” rating and issued a $85.00 target price on shares of Citrix Systems in a research report on Tuesday, October 10th. BidaskClub cut Citrix Systems from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Robert W. Baird set a $90.00 target price on Citrix Systems and gave the company a “buy” rating in a research report on Friday, October 6th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $77.00 target price on shares of Citrix Systems in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $89.54.

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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