The lowest and the bullish EPS estimates are $0.91 and $1.1 respectively. (NASDAQ:CTXS) reported quarterly earnings of $0.98 for the quarter ending on 2016-06-30, yielding a surprise factor of 32.43% as the actual reported number was $0.24 away from the consensus estimates.
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Shares in Citrix Systems, Inc. have risen as high as 90 in the past 52 weeks whilst the lowest price in the last 52 weeks has been 60.91. (NASDAQ:CTXS) traded up 1.19% during trading on Tuesday, hitting $89.33. This count relies on the mean estimate from the 5 research firms that drafted reports on the company. The company has a 50 day moving average of $84.07 and a 200-day moving average of $78.02. The company has market value of $13.69B. (NASDAQ:CTXS) within the past year. Looking ahead to full year estimates, analysts have placed the consensus earnings per share estimate for the current year at $4.08. Analyst’s mean target price for Credit Suisse Group AG (NYSE:CS) is $11.12 while analysts mean recommendation is 3.00.
Non-GAAP net income for the second quarter of fiscal year 2016 was $188 million, or $1.20 per diluted share, compared to $163 million, or $1.00 per diluted share for the second quarter of fiscal year 2015. The company’s revenue for the quarter was up 5.8% on a year-over-year basis.
Several research analysts have recently issued reports on the company. Citrix Systems makes up approx 0.54% of Meritage Portfolio Management’s portfolio.Nordea Investment Management Ab boosted its stake in CTXS in the latest quarter, The investment management firm added 209,368 additional shares and now holds a total of 1,915,589 shares of Citrix Systems which is valued at $164,721,498.
The average true range of Citrix Systems, Inc.’s (CTXS) is recorded at 1.63 and the relative strength index of the stock stands 62.10. Mizuho lifted their price target on Citrix Systems from $70.00 to $80.00 and gave the stock a neutral rating in a research note on Thursday, April 21st. Citrix Systems, Inc. (NASDAQ:CTXS) has risen 19.57% since December 18, 2015 and is uptrending. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The consensus, or mean target price of the Wall Street analysts covering the firm is $89.733.
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In other Citrix Systems news, VP William Burley sold 1,253 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Murray J. Demo sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $85.00, for a total transaction of $2,051,815.00. Following the completion of the sale, the director now directly owns 20,405 shares in the company, valued at $1,663,415.60.
