Citrix Systems (NASDAQ:CTXS) Announces Earnings Results

Citrix Systems (NASDAQ:CTXS) announced its earnings results on Monday. The cloud computing company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12, reports. The firm had revenue of $810.00 million for the quarter, compared to analysts’ expectations of $781.55 million. Citrix Systems had a return on equity of 391.74% and a net margin of 18.52%. Citrix Systems’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.71 EPS.

NASDAQ:CTXS traded down $2.63 during mid-day trading on Wednesday, hitting $132.73. The company had a trading volume of 74,020 shares, compared to its average volume of 1,272,459. The business has a fifty day simple moving average of $130.58 and a 200-day simple moving average of $134.29. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 25.18. Citrix Systems has a 1 year low of $100.31 and a 1 year high of $173.56. The firm has a market capitalization of $16.34 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 3.83 and a beta of 0.27.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 22nd. Shareholders of record on Tuesday, December 8th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Monday, December 7th. Citrix Systems’s dividend payout ratio (DPR) is presently 33.90%.

In other Citrix Systems news, CEO David J. Henshall sold 8,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $113.62, for a total value of $908,960.00. Following the transaction, the chief executive officer now directly owns 324,318 shares of the company’s stock, valued at $36,849,011.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Donna Nappen Kimmel sold 14,668 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $135.39, for a total value of $1,985,900.52. Following the completion of the transaction, the executive vice president now directly owns 79,654 shares in the company, valued at $10,784,355.06. The disclosure for this sale can be found here. Insiders sold 38,896 shares of company stock worth $4,906,861 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

A number of brokerages have commented on CTXS. Royal Bank of Canada increased their target price on Citrix Systems from $145.00 to $150.00 in a report on Wednesday. Smith Barney Citigroup increased their target price on Citrix Systems from $195.00 to $205.00 in a report on Friday, October 23rd. Raymond James reduced their price target on Citrix Systems from $185.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, October 23rd. UBS Group began coverage on Citrix Systems in a research note on Tuesday, October 13th. They set a “neutral” rating and a $146.00 price target on the stock. Finally, Morgan Stanley lowered Citrix Systems from an “overweight” rating to an “equal weight” rating and set a $140.00 price target on the stock. in a research note on Friday, October 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $153.27.

Citrix Systems Company Profile

Citrix Systems, Inc provides workspace, networking, and professional services worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops; Citrix Content Collaboration, a cloud-based file sharing and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices for businesses; Citrix Endpoint Management for mobility and device management capabilities; and Workspace Intelligence that customizes and streamlines user workflows, as well as microapp creation with low-code tooling, automates tasks and functions.

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Earnings History for Citrix Systems (NASDAQ:CTXS)

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