Headlines about Citrix Systems (NASDAQ:CTXS) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Citrix Systems earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media coverage about the cloud computing company an impact score of 46.3876588737729 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s analysis:
- Early Moves to Watch: Citrix Systems Inc (NASDAQ: CTXS) – Alpha Beta Stock (alphabetastock.com)
- Citrix Systems (CTXS) Announces $750M Accelerated Buyback – StreetInsider.com (streetinsider.com)
- Citrix Systems, Inc. Expected to Earn Q1 2019 Earnings of $0.90 Per Share (CTXS) (americanbankingnews.com)
- Equities Analysts Offer Predictions for Citrix Systems, Inc.’s Q3 2018 Earnings (CTXS) (americanbankingnews.com)
Several analysts recently issued reports on CTXS shares. Robert W. Baird reissued a “buy” rating on shares of Citrix Systems in a research note on Thursday, January 4th. Mizuho reaffirmed a “buy” rating and issued a $94.00 price objective (up previously from $92.00) on shares of Citrix Systems in a research note on Wednesday, October 25th. Citigroup reduced their price objective on Citrix Systems from $96.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Goldman Sachs Group raised Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Friday, November 3rd. Finally, Barclays downgraded Citrix Systems from an “overweight” rating to an “equal weight” rating and set a $90.00 price objective on the stock. in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $91.31.
Shares of Citrix Systems (CTXS) traded down $3.12 during trading on Monday, hitting $89.07. The stock had a trading volume of 2,960,000 shares, compared to its average volume of 1,300,000. The stock has a market cap of $13,420.00, a PE ratio of 2,969.00, a price-to-earnings-growth ratio of 3.04 and a beta of 1.35. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.14. Citrix Systems has a 12-month low of $73.33 and a 12-month high of $95.00.
Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Wednesday, January 31st. The cloud computing company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.06. The firm had revenue of $777.90 million during the quarter, compared to analysts’ expectations of $778.49 million. Citrix Systems had a positive return on equity of 38.56% and a negative net margin of 0.73%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.61 EPS. equities analysts expect that Citrix Systems will post 3.74 EPS for the current year.
Citrix Systems declared that its Board of Directors has approved a share buyback program on Monday, November 13th that authorizes the company to repurchase $1.70 billion in shares. This repurchase authorization authorizes the cloud computing company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
In related news, CFO Mark M. Coyle sold 2,500 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $88.90, for a total transaction of $222,250.00. Following the completion of the transaction, the chief financial officer now owns 36,012 shares in the company, valued at approximately $3,201,466.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David J. Henshall sold 12,500 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $84.25, for a total value of $1,053,125.00. Following the transaction, the chief executive officer now owns 306,777 shares of the company’s stock, valued at approximately $25,845,962.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,030 shares of company stock valued at $9,605,867. Company insiders own 0.44% of the company’s stock.
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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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