Citrix Systems (NASDAQ:CTXS) will be announcing its earnings results after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.94 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, April 24th. The cloud computing company reported $1.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.41. The business had revenue of $719.14 million for the quarter, compared to analysts’ expectations of $707.78 million. Citrix Systems had a net margin of 18.08% and a return on equity of 94.77%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 EPS. On average, analysts expect Citrix Systems to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
CTXS opened at $101.54 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The company has a market cap of $13.32 billion, a PE ratio of 23.70, a P/E/G ratio of 2.86 and a beta of 0.98. The company’s 50-day moving average is $98.52. Citrix Systems has a 52-week low of $93.12 and a 52-week high of $116.82.
Several equities analysts have issued reports on CTXS shares. ValuEngine upgraded shares of Alleghany from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Wedbush reiterated an “outperform” rating on shares of Alphabet in a research note on Thursday, April 25th. Deutsche Bank reiterated a “buy” rating and issued a GBX 6,800 ($88.85) price objective on shares of in a research note on Thursday, June 6th. Zacks Investment Research upgraded shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Monday, April 29th. Finally, BidaskClub upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $114.82.
About Citrix Systems
Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.
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