Citrix Systems (CTXS) Updates FY19 Earnings Guidance

Citrix Systems (NASDAQ:CTXS) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share guidance of $6.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.01. The company issued revenue guidance of $3.08-3.09 billion, compared to the consensus revenue estimate of $3.09 billion.Citrix Systems also updated its FY 2019 guidance to $6.00-6.00 EPS.

A number of research firms recently commented on CTXS. BidaskClub upgraded Citrix Systems from a hold rating to a buy rating in a report on Wednesday, January 16th. Wedbush dropped 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 report on Wednesday, January 23rd. Zacks Investment Research reiterated a hold rating and set a $113.00 price target on shares of Citrix Systems in a report on Monday, December 31st. Finally, ValuEngine downgraded Citrix Systems from a buy rating to a hold rating in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Citrix Systems has an average rating of Hold and a consensus price target of $113.77.

CTXS stock traded down $0.42 during midday trading on Wednesday, hitting $100.46. 1,442,520 shares of the company traded hands, compared to its average volume of 2,219,278. Citrix Systems has a twelve month low of $93.90 and a twelve month high of $116.82. The company has a quick ratio of 0.71, a current ratio of 0.72 and a debt-to-equity ratio of 1.35. The company has a market cap of $13.19 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 2.66 and a beta of 1.01.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings results on Wednesday, April 24th. The cloud computing company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. Citrix Systems had a return on equity of 101.74% and a net margin of 19.36%. The company had revenue of $719.14 million for the quarter, compared to the consensus estimate of $707.78 million. During the same quarter last year, the company posted $1.29 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities analysts expect that Citrix Systems will post 4.58 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.39%. Citrix Systems’s dividend payout ratio (DPR) is presently 30.57%.

In other news, EVP Mark J. Ferrer sold 1,388 shares of the stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $101.95, for a total value of $141,506.60. Following the completion of the sale, the executive vice president now directly owns 59,421 shares of the company’s stock, valued at $6,057,970.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David J. Henshall sold 4,298 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $100.00, for a total value of $429,800.00. Following the completion of the sale, the chief executive officer now directly owns 355,156 shares of the company’s stock, valued at $35,515,600. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,087 shares of company stock worth $1,222,251. Corporate insiders own 0.56% of the company’s stock.

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About Citrix Systems

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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