Citrix Systems Company Profile (NASDAQ:CTXS)

Citrix Systems trades on the NASDAQ under the ticker symbol "CTXS."

Citrix Systems announced that its board has approved a share repurchase plan on Thursday, April 6th 2017, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Citrix Systems, Inc. (NASDAQ:CTXS) posted its earnings results on Wednesday, August, 2nd. The company reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $0.85 by $0.02. The company had revenue of $693 million for the quarter, compared to the consensus estimate of $690.83 million. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 EPS. View Citrix Systems' Earnings History.

Citrix Systems is scheduled to release their next quarterly earnings announcement on Tuesday, October, 17th 2017. View Earnings Estimates for Citrix Systems.

Citrix Systems updated its FY17 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of 4.60-4.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.64. The company issued revenue guidance of $2.81-2.83 billion, compared to the consensus revenue estimate of $2.83 billion.Citrix Systems also updated its Q3 guidance to $1.02-1.05 EPS.

19 brokerages have issued 1 year price targets for Citrix Systems' shares. Their predictions range from $61.00 to $113.00. On average, they expect Citrix Systems' share price to reach $89.21 in the next year. View Analyst Ratings for Citrix Systems.

Here are some recent quotes from research analysts about Citrix Systems stock:

• 1. According to Zacks Investment Research, "Shares of Citrix Systems have outperformed the Zacks-categorized 'Computer-Software' industry over the past one month. Though the company reported better-than-expected earnings and revenues in the fourth quarter of 2016, the announcement failed to impress investors owing to the lackluster views for first quarter and full-year 2017.  Moreover, the bottom line contacted on a year-over-year basis in the fourth quarter.  We also remain concerned about the adverse impact of foreign exchange movements on the company's bottom line. Increased competition in the industry also raises concerns. Citrix Systems, recently, completed the spin-off and merger of its GoTo products with LogMeIn, Inc.." (3/28/2017)
• 2. Mizuho analysts commented, "There have been multiple media articles indicating Citrix could be exploring its sale, which we think is possible, but not fully certain given significant challenges in putting such a large deal together. We think a private equity buyer could potentially make the deal work around $100 per share by slashing costs further and monetizing the maintenance revenue base. On a fundamental basis, we see a path to the low $90s if the company benefits from Microsoft's product cycle. We are raising our PT to $94 from $85 and maintaining our Buy rating" (3/14/2017)

Some companies that are related to Citrix Systems include Red Hat (RHT), Synopsys (SNPS), Cadence Design Systems (CDNS), Splunk (SPLK), Atlassian Corporation PLC (TEAM), SS&C Technologies Holdings (SSNC), Tyler Technologies (TYL), The Ultimate Software Group (ULTI), National Instruments Corporation (NATI), Micro Focus International plc (MCRO), Nuance Communications (NUAN), Blackbaud (BLKB), Solera Holdings (SLH), FireEye (FEYE), Playtech PLC (PTEC), Okta (OKTA), CommVault Systems (CVLT) and Paylocity Holding Corporation (PCTY).

Citrix Systems' management team includes the folowing people:

• Robert M. Calderoni, Executive Chairman of the Board
• David J. Henshall, President, Chief Executive Officer, Director, Principal Executive Officer
• Mark M. Coyle, Interim Chief Financial Officer, Principal Financial Officer
• Timothy A. Minahan, Senior Vice President, Chief Marketing Officer
• Carlos E. Sartorius, Senior Vice President - Worldwide Sales and Services
• Godfrey R. Sullivan, Lead Independent Director
• Nanci E. Caldwell, Independent Director
• Jesse A. Cohn, Independent Director
• Robert D. Daleo, Independent Director
• Murray J. Demo, Independent Director

Citrix Systems' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.45%), Elliott Management Corp (4.68%), Bank of Montreal Can (3.33%), First Trust Advisors LP (1.64%), Farallon Capital Management LLC (1.06%) and AJO LP (0.89%). Company insiders that own Citrix Systems stock include Associates LP Elliott, Carlos Sartorius, Christopher Hylen, David J Henshall, David Zalewski, International LP Elliott, Jessica Soisson, Klaus Oestermann, Murray J Demo, Robert Calderoni, Timothy A Minahan and William Burley. View Institutional Ownership Trends for Citrix Systems.

Citrix Systems' stock was sold by a variety of institutional investors in the last quarter, including Westpac Banking Corp, American Century Companies Inc., Marshall Wace North America L.P., Sawgrass Asset Management LLC, Korea Investment CORP, Nationwide Fund Advisors, Schwab Charles Investment Management Inc. and Boston Advisors LLC. Company insiders that have sold Citrix Systems stock in the last year include Christopher Hylen, David J Henshall, Jessica Soisson, Klaus Oestermann, Murray J Demo, Robert Calderoni and Timothy A Minahan. View Insider Buying and Selling for Citrix Systems.

Citrix Systems' stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, BT Investment Management Ltd, Koch Industries Inc., Bank of Nova Scotia, Old Mutual Global Investors UK Ltd., Numeric Investors LLC, Toronto Dominion Bank and CIBC World Markets Inc.. Company insiders that have bought Citrix Systems stock in the last two years include Associates LP Elliott and International LP Elliott. View Insider Buying and Selling for Citrix Systems.

Shares of Citrix Systems can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Citrix Systems stock can currently be purchased for approximately $76.23.