Citrix Systems, Inc. delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients. Its workspace services also comprise XenMobile enterprise mobility management solutions; and Citrix Workspace Suite, which provides apps, desktops, branch networking and WAN, enterprise mobility management, and data solutions. In addition, the company offers networking products comprising NetScaler ADC, a software-defined application delivery controller and load balancer for mobile, remote, and branch users; and NetScaler SD-WAN, an integrated platform that enhances traditional enterprise applications, SaaS applications, and virtual desktops for remote users. Further, it provides content collaboration services that include ShareFile, a cloud-based file sharing and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices for businesses. Additionally, the company offers subscription, software solutions, hardware maintenance, professional consulting, and product training and certification services. It markets and licenses its products through resellers, distributors, systems integrators, independent software vendors, original equipment manufacturers, and service providers. The company was formerly known as Citrus Systems, Inc. Citrix Systems, Inc. was founded in 1989 and is headquartered in Fort Lauderdale, Florida.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryApplication Software
SectorComputer and Technology
Current SymbolNASDAQ:CTXS
Previous Symbol
CUSIP17737610
Phone954-267-3000
Debt
Debt-to-Equity Ratio0.98
Current Ratio0.83
Quick Ratio0.82
Price-To-Earnings
Trailing P/E Ratio26.36
Forward P/E Ratio24.86
P/E Growth2.72
Sales & Book Value
Annual Sales$2.82 billion
Price / Sales5.21
Cash Flow$5.5826 per share
Price / Cash Flow19.55
Book Value$6.59 per share
Price / Book16.56
Profitability
EPS (Most Recent Fiscal Year)$4.14
Net Income$-20,710,000.00
Net Margins4.27%
Return on Equity91.46%
Return on Assets12.21%
Miscellaneous
Employees7,500
Outstanding Shares134,760,000
Market Cap$14.71 billion
OptionableOptionable
Citrix Systems (NASDAQ:CTXS) Frequently Asked Questions
What is Citrix Systems' stock symbol?
Citrix Systems trades on the NASDAQ under the ticker symbol "CTXS."
How often does Citrix Systems pay dividends? What is the dividend yield for Citrix Systems?
Citrix Systems declared a quarterly dividend on Wednesday, October 24th. Shareholders of record on Friday, December 7th will be given a dividend of $0.35 per share on Friday, December 21st. This represents a $1.40 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, December 6th. View Citrix Systems' Dividend History.
How will Citrix Systems' stock buyback program work?
Citrix Systems declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 24th 2018, which permits the company to buyback $750,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its stock is undervalued.
How were Citrix Systems' earnings last quarter?
Citrix Systems, Inc. (NASDAQ:CTXS) issued its quarterly earnings data on Wednesday, October, 24th. The cloud computing company reported $1.40 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.25 by $0.15. The cloud computing company earned $732.47 million during the quarter, compared to the consensus estimate of $722.76 million. Citrix Systems had a return on equity of 91.46% and a net margin of 4.27%. Citrix Systems's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $1.22 EPS. View Citrix Systems' Earnings History.
When is Citrix Systems' next earnings date?
What guidance has Citrix Systems issued on next quarter's earnings?
Citrix Systems issued an update on its FY19 earnings guidance on Wednesday, October, 24th. The company provided earnings per share (EPS) guidance of approx $4.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.97. Citrix Systems also updated its FY 2018 guidance to $5.55-5.60 EPS.
What price target have analysts set for CTXS?
14 Wall Street analysts have issued 12-month target prices for Citrix Systems' shares. Their forecasts range from $101.00 to $130.00. On average, they expect Citrix Systems' share price to reach $113.6154 in the next year. This suggests a possible upside of 4.1% from the stock's current price. View Analyst Price Targets for Citrix Systems.
What is the consensus analysts' recommendation for Citrix Systems?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Citrix Systems in the last year. There are currently 1 sell rating, 8 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Citrix Systems.
What are Wall Street analysts saying about Citrix Systems stock?
Here are some recent quotes from research analysts about Citrix Systems stock:
- 1. According to Zacks Investment Research, "Citrix Systems is a provider of virtualization, networking and cloud computing solutions. The company is benefiting from robust adoption of its Subscription based services. Solid adoption of unified workspace solutions and hybrid cloud offerings is a key catalyst. Traction witnessed by ShareFile is notable. The company also provided an impressive guidance. Efforts to reward shareholders through share buybacks are a positive. Citrix stock has outperformed industry in the past year. Citrix has deployed its Cloud services including XenDesktop and XenApp on Oracle Cloud Marketplace. This is expected to garner new customer additions, consequently generating incremental revenues. Acquisition of Sapho will enable the company to fortify its competitive position in the rapidly growing desktop virtualization market. Buyout of Cedexis is likely to improve company’s operational performance. However, adverse foreign exchange movements remain a headwind." (12/13/2018)
- 2. Mizuho analysts commented, "We think the company is able to achieve this given a strong product offering and a competitive environment stacked in its favor. Our discussions with customers and partners indicate some enthusiasm around improving innovation at the company, and while deployments remain primarily on-premise, commentary suggests evaluations of the cloud product. We see incremental growth over the next couple of years on: 1) $200mm CSS opportunity with the migration likely to be completed in 3Q18; 2) $500mm opportunity further down the road on cloud uptake; though, this is likely to be driven in large part by the installed base vs. net new customers. Some product enhancements could help support sales. The engineering organization appears more streamlined; efficiency gains in the n-t are likely to be reinvested for growth." (5/9/2018)
Has Citrix Systems been receiving favorable news coverage?
Press coverage about CTXS stock has trended somewhat positive recently, according to InfoTrie. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Citrix Systems earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave news coverage about the cloud computing company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are some of Citrix Systems' key competitors?
Some companies that are related to Citrix Systems include Intuit (INTU), Activision Blizzard (ATVI), ServiceNow (NOW), Dassault Systemes (DASTY), Autodesk (ADSK), Square (SQ), Electronic Arts (EA), CA (CA), Check Point Software Technologies (CHKP), Splunk (SPLK), Shopify (SHOP), Symantec (SYMC), Veeva Systems (VEEV), Synopsys (SNPS) and ANSYS (ANSS).
Who are Citrix Systems' key executives?
Citrix Systems' management team includes the folowing people:
- Mr. Robert M. Calderoni CPA, CPA, Exec. Chairman (Age 58)
- Mr. David James Henshall, CEO, Pres & Director (Age 50)
- Ms. Donna N. Kimmel, Sr. VP & Chief People Officer (Age 55)
- Mr. Mark M. Coyle, Sr. VP of Fin. (Age 60)
- Mr. Mark J. Ferrer, Exec. VP & Chief Revenue Officer (Age 58)
Who are Citrix Systems' major shareholders?
Citrix Systems' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc (10.43%), Clearbridge Investments LLC (4.35%), First Trust Advisors LP (2.23%), MERIAN GLOBAL INVESTORS UK Ltd (1.68%), Man Group plc (1.41%) and Renaissance Technologies LLC (1.01%). Company insiders that own Citrix Systems stock include David J Henshall, Jessica Soisson, Mark J Ferrer, Mark M Coyle, Murray J Demo, Paul J Hough, Robert Calderoni, Rotterdam Jeroen Van and Timothy A Minahan. View Institutional Ownership Trends for Citrix Systems.
Which institutional investors are selling Citrix Systems stock?
CTXS stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Clearbridge Investments LLC, Seizert Capital Partners LLC, Mitsubishi UFJ Trust & Banking Corp, Wedge Capital Management L L P NC, Pendal Group Ltd, LSV Asset Management and BlueMountain Capital Management LLC. Company insiders that have sold Citrix Systems company stock in the last year include David J Henshall, Jessica Soisson, Mark J Ferrer, Mark M Coyle, Paul J Hough, Robert Calderoni, Rotterdam Jeroen Van and Timothy A Minahan. View Insider Buying and Selling for Citrix Systems.
Which institutional investors are buying Citrix Systems stock?
CTXS stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc, Janus Henderson Group PLC, O Shaughnessy Asset Management LLC, Assenagon Asset Management S.A., MERIAN GLOBAL INVESTORS UK Ltd, Martingale Asset Management L P, Acadian Asset Management LLC and First Trust Advisors LP. View Insider Buying and Selling for Citrix Systems.
How do I buy shares of Citrix Systems?
Shares of CTXS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Citrix Systems' stock price today?
One share of CTXS stock can currently be purchased for approximately $109.14.
How big of a company is Citrix Systems?
Citrix Systems has a market capitalization of $14.71 billion and generates $2.82 billion in revenue each year. The cloud computing company earns $-20,710,000.00 in net income (profit) each year or $4.14 on an earnings per share basis. Citrix Systems employs 7,500 workers across the globe.
What is Citrix Systems' official website?
How can I contact Citrix Systems?
Citrix Systems' mailing address is 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL, 33309. The cloud computing company can be reached via phone at 954-267-3000 or via email at [email protected]
MarketBeat Community Rating for Citrix Systems (NASDAQ CTXS)
MarketBeat's community ratings are surveys of what our community members think about Citrix Systems and other stocks. Vote "Outperform" if you believe CTXS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CTXS will underperform the S&P 500 over the long term. You may vote once every thirty days.
