Citrix Systems (CTXS) Receives Daily Media Impact Rating of 0.16

Media headlines about Citrix Systems (NASDAQ:CTXS) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Citrix Systems earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the cloud computing company an impact score of 46.0864006028927 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

Citrix Systems (CTXS) traded down $0.26 during mid-day trading on Friday, hitting $87.88. The stock had a trading volume of 752,954 shares, compared to its average volume of 1,645,120. Citrix Systems has a 52 week low of $70.24 and a 52 week high of $88.96. The company has a market cap of $13,280.53, a price-to-earnings ratio of 29.79, a P/E/G ratio of 4.21 and a beta of 1.40. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.43 and a current ratio of 1.44.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings data on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.18. Citrix Systems had a return on equity of 31.32% and a net margin of 15.67%. The company had revenue of $691.00 million for the quarter, compared to analyst estimates of $691.61 million. During the same period in the prior year, the company posted $1.32 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. research analysts expect that Citrix Systems will post 3.93 earnings per share for the current fiscal year.

Citrix Systems announced that its board has authorized a stock repurchase plan on Monday, November 13th that authorizes the company to repurchase $1.70 billion in outstanding shares. This repurchase authorization authorizes the cloud computing company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Several equities analysts recently weighed in on the company. BidaskClub cut Citrix Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 2nd. Robert W. Baird reissued a “buy” rating and set a $90.00 price objective on shares of Citrix Systems in a research report on Sunday, November 19th. KeyCorp reissued a “hold” rating on shares of Citrix Systems in a research report on Friday, November 10th. Goldman Sachs Group upgraded Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price target on the stock in a research note on Friday, November 3rd. Finally, Zacks Investment Research upgraded Citrix Systems from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Citrix Systems currently has a consensus rating of “Hold” and an average price target of $89.50.

In related news, insider Robert Calderoni sold 60,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $85.61, for a total transaction of $5,136,600.00. Following the sale, the insider now directly owns 178,706 shares in the company, valued at approximately $15,299,020.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark M. Coyle sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $84.32, for a total value of $210,800.00. Following the sale, the chief financial officer now owns 38,512 shares in the company, valued at $3,247,331.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,030 shares of company stock worth $8,225,867. Corporate insiders own 0.44% of the company’s stock.

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About Citrix Systems

Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.

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