S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
pixel
Log in

Citrix Systems (CTXS) to Release Earnings on Thursday

Thursday, January 14, 2021 | MarketBeat

Citrix Systems (NASDAQ:CTXS) is set to post its quarterly earnings results before the market opens on Thursday, January 21st. Analysts expect Citrix Systems to post earnings of $0.81 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Citrix Systems (NASDAQ:CTXS) last announced its earnings results on Thursday, October 22nd. The cloud computing company reported $1.38 EPS for the quarter, topping the Zacks' consensus estimate of $1.25 by $0.13. The business had revenue of $767.17 million during the quarter, compared to the consensus estimate of $759.02 million. Citrix Systems had a net margin of 18.52% and a return on equity of 391.74%. The firm's revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. On average, analysts expect Citrix Systems to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Citrix Systems stock opened at $131.48 on Thursday. The company has a market capitalization of $16.19 billion, a PE ratio of 28.21, a P/E/G ratio of 3.79 and a beta of 0.27. The company has a debt-to-equity ratio of 25.18, a quick ratio of 0.90 and a current ratio of 0.91. The company has a 50-day simple moving average of $129.44 and a two-hundred day simple moving average of $134.75. Citrix Systems has a one year low of $100.31 and a one year high of $173.56.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 22nd. Shareholders of record on Tuesday, December 8th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, December 7th. This represents a $1.40 dividend on an annualized basis and a yield of 1.06%. Citrix Systems's dividend payout ratio is presently 33.90%.

In related news, EVP Paul J. Hough sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, December 8th. The stock was sold at an average price of $129.76, for a total value of $259,520.00. Following the sale, the executive vice president now owns 64,413 shares in the company, valued at $8,358,230.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Donna Nappen Kimmel sold 14,668 shares of the company's stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $135.39, for a total value of $1,985,900.52. Following the completion of the sale, the executive vice president now owns 79,654 shares in the company, valued at approximately $10,784,355.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,896 shares of company stock worth $4,906,861. 0.54% of the stock is owned by insiders.

A number of brokerages have commented on CTXS. Morgan Stanley downgraded shares of Citrix Systems from an "overweight" rating to an "equal weight" rating and set a $140.00 target price for the company. in a report on Friday, October 23rd. BidaskClub upgraded shares of Citrix Systems from a "sell" rating to a "hold" rating in a report on Thursday, December 10th. UBS Group assumed coverage on shares of Citrix Systems in a report on Tuesday, October 13th. They set a "neutral" rating and a $146.00 price objective on the stock. Smith Barney Citigroup upped their price objective on shares of Citrix Systems from $195.00 to $205.00 in a report on Friday, October 23rd. Finally, Raymond James cut their price objective on shares of Citrix Systems from $185.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, October 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of "Hold" and an average price target of $152.93.

Citrix Systems Company Profile

Citrix Systems, Inc provides workspace, networking, and professional services worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops; Citrix Content Collaboration, a cloud-based file sharing and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices for businesses; Citrix Endpoint Management for mobility and device management capabilities; and Workspace Intelligence that customizes and streamlines user workflows, as well as microapp creation with low-code tooling, automates tasks and functions.

See Also: Gross Domestic Product (GDP)

Earnings History for Citrix Systems (NASDAQ:CTXS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


20 "Past Their Prime" Stocks to Dump From Your Portfolio

Did you know the S&P 500 as we know it today does not look anything close to what it looked like 30 years ago? In 1987, IBM, Exxon, GE, Shell, AT&T, Merck, Du Pont, Philip Morris, Ford, and GM had the largest market caps on the S&P 500. ExxonMobil is the only company on that list to remain in the top 10 in 2017. Even 15 years ago, companies like Radio Shack, AOL, Yahoo, and Blockbuster were an important part of the S&P 500. Now, these companies no longer exist as public companies.

As the years go by, some companies lose their luster, and others rise to the top of the markets. We've already seen this in the last few decades, with tech companies surpassing industrial and energy companies that once dominated the S&P 500. It's hard to know what the next mega-trend will be that will knock Apple, Google, and Amazon off the top rankings of the S&P 500, but we know that companies won't stay on the S&P 500 forever.

We've identified 20 companies that are past their prime. They aren't at risk of a near-term delisting from the S&P 500, but they show negative earnings growth for the next several years. If you own any of these stocks, consider selling them now before they become the next Yahoo, Radio Shack, Blockbuster, AOL and are sold off for a fraction of their former value.

View the "20 "Past Their Prime" Stocks to Dump From Your Portfolio".

Free Email Newsletter

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.