Citrix Systems (CTXS) Releases Q2 2019 Earnings Guidance

Citrix Systems (NASDAQ:CTXS) updated its second quarter 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.30-1.35 for the period, compared to the Thomson Reuters consensus estimate of $1.42. The company issued revenue guidance of $765-775 million, compared to the consensus revenue estimate of $766.45 million.Citrix Systems also updated its FY 2019 guidance to $6.00-6.00 EPS.

Several research firms have recently issued reports on CTXS. BidaskClub upgraded Citrix Systems from a hold rating to a buy rating in a research report on Wednesday, January 16th. Wedbush cut their price objective on Citrix Systems from $115.00 to $110.00 and set a neutral rating on the stock in a report on Thursday, January 24th. TheStreet upgraded Citrix Systems from a c+ rating to a b rating in a research note on Wednesday, January 23rd. Zacks Investment Research restated a hold rating and issued a $113.00 target price on shares of Citrix Systems in a research note on Monday, December 31st. Finally, ValuEngine cut Citrix Systems from a buy rating to a hold rating in a research note on Friday, April 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and an average target price of $113.77.

Shares of Citrix Systems stock traded down $0.42 on Wednesday, reaching $100.46. 1,442,520 shares of the company were exchanged, compared to its average volume of 2,219,278. Citrix Systems has a one year low of $93.90 and a one year high of $116.82. The stock has a market cap of $13.19 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.66 and a beta of 1.01. The company has a quick ratio of 0.71, a current ratio of 0.72 and a debt-to-equity ratio of 1.35.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, January 23rd. The cloud computing company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.08. The company had revenue of $802.00 million for the quarter, compared to analysts’ expectations of $791.27 million. Citrix Systems had a return on equity of 101.74% and a net margin of 19.36%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.66 EPS. On average, sell-side analysts expect that Citrix Systems will post 4.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.39%. Citrix Systems’s payout ratio is presently 30.57%.

In other Citrix Systems news, CEO David J. Henshall sold 4,298 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $100.00, for a total value of $429,800.00. Following the transaction, the chief executive officer now directly owns 355,156 shares of the company’s stock, valued at approximately $35,515,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Matto Andrew H. Del sold 582 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $106.78, for a total value of $62,145.96. Following the completion of the transaction, the chief financial officer now directly owns 60,294 shares in the company, valued at $6,438,193.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,087 shares of company stock worth $1,222,251. Insiders own 0.56% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was originally published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.baseballdailydigest.com/news/2019/04/24/citrix-systems-ctxs-releases-q2-2019-earnings-guidance.html.

Citrix Systems Company Profile

Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.

Featured Story: What is a Leveraged Buyout (LBO)?

Receive News & Ratings for Citrix Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citrix Systems and related companies with MarketBeat.com's FREE daily email newsletter.