Full year non-GAAP EPS is expected to be between $3.85 and $3.90. The 12-month consensus target price for the stock is $76.54, which reflects an downside potential of 3.61% over the current price. The stock was acquired at an average cost of $68.38 per share, with a total value of $7,897,890.00.
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Citrix Systems, Inc. (NASDAQ:CTXS) is next slated to report quarterly results on 2015-10-21 where the Street is anticipating earnings per share of $0.67. The 50-day moving average is $71.68 and the 200 day moving average is recorded at $69.71. During the same period a year ago, the firm earned $0.75 EPS.
Analysts’ estimates indicate that the global technology company’s revenues and earnings will decrease 52% year-over-year (YoY) and 41.18% YoY.
Citrix Systems (NASDAQ:CTXS) had its stock rating noted as Outperform by analysts at Barclays. The company issued revenue guidance of $3.24-3.25 billion, compared to the consensus revenue estimate of $3.23 billion.
Other research analysts have also recently issued research reports about the stock. In a report released today, Needham also reiterated a Buy rating on the stock with a $90 price target. The firm with the most bullish sentiment sees the stock reaching $89 while the most conservative has the target set at $64. Deutsche Bank raised their price target on shares of Citrix Systems from $64.00 to $70.00 and gave the stock a hold rating in a research report on Thursday, June 25th. Finally, Piper Jaffray restated a “hold” rating on shares of Citrix Systems in a research report on Thursday, October 15th.
Sell-side firms use a variety of different terms such a Buy, Sell and Hold to rate their outlook on stocks. The market capitalization of the company is $12.20 billion with the total traded volume of the company is 2.49 million. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The disclosure for this sale can be found here. The Business ‘s options offer safe, mobile workspaces offering individuals with access to apps, desktop computers, data and communications over any network or cloud, on any device.
Citrix Systems, Inc. provides virtualization, mobility management, networking and SaaS alternatives to businesses. The Enterprise division and the Online Services division constitute its two segments.
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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc. Enterprise and Service Provider division’s Workspace services comprise application and desktop computer virtualization, mobile platforms, citrix workspace package and delivery networking. Additionally, it offers Technology products and Professional Services, which include Citrix HDX, FlexCast, Citrix personalization technologies, NetScaler Applications Packet Engine, ByteMobile Adaptive Traffic Management System, XenMobile and Citrix Internet, amongst others.
