Citrix Systems (NASDAQ:CTXS) Issues Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Citrix Systems (NASDAQ:CTXS) announced its earnings results on Monday. The cloud computing company reported $1.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.12, Briefing.com 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%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.71 earnings per share.

Shares of Citrix Systems stock traded down $2.63 on Wednesday, hitting $132.73. 74,020 shares of the company traded hands, compared to its average volume of 1,272,459. The company has a 50-day moving average price of $130.58 and a 200 day moving average price of $134.29. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 25.18. Citrix Systems has a 12-month low of $100.31 and a 12-month high of $173.56. The company has a market cap of $16.34 billion, a PE ratio of 28.93, a PEG ratio of 3.83 and a beta of 0.27.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 22nd. Stockholders of record on Tuesday, December 8th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, December 7th. Citrix Systems’s dividend payout ratio is currently 33.90%.

In other news, EVP Donna Nappen Kimmel sold 14,668 shares of the business’s stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $135.39, for a total transaction of $1,985,900.52. Following the transaction, the executive vice president now directly owns 79,654 shares in the company, valued at approximately $10,784,355.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Paul J. Hough sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 8th. The shares were sold at an average price of $129.76, for a total transaction of $259,520.00. Following the transaction, the executive vice president now owns 64,413 shares in the company, valued at $8,358,230.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,896 shares of company stock worth $4,906,861. 0.54% of the stock is currently owned by corporate insiders.

Several research firms have issued reports on CTXS. Smith Barney Citigroup upped their price target on Citrix Systems from $195.00 to $205.00 in a report on Friday, October 23rd. UBS Group began coverage on Citrix Systems in a report on Tuesday, October 13th. They issued a “neutral” rating and a $146.00 price target on the stock. Royal Bank of Canada upped their price target on Citrix Systems from $145.00 to $150.00 in a report on Wednesday. Raymond James dropped their price target on Citrix Systems from $185.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, October 23rd. Finally, Morgan Stanley cut Citrix Systems from an “overweight” rating to an “equal weight” rating and set a $140.00 price target on the stock. in a report on Friday, October 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Citrix Systems presently has an average rating of “Hold” and a consensus 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.

Further Reading: What does a neutral rating on stocks mean?

Earnings History for Citrix Systems (NASDAQ:CTXS)

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