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.

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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.

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