NASDAQ:CTXS

Citrix Systems - CTXS Stock Forecast, Price & News

$103.22

+0.02 (+0.02%)

(As of 08/16/2022 12:00 AM ET)

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Today's Range: $102.93
▼
$103.24
50-Day Range: $89.76
▼
$103.22
52-Week Range: $78.07
▼
$115.00

Volume: 1.60 million shs
Average Volume: 1.75 million shs
Market Capitalization: $13.10 billion

P/E Ratio: 39.85
Dividend Yield: 0.72%
Price Target: $89.80

Citrix Systems MarketRank™ Forecast

Analyst Rating: Reduce
1.43 Rating Score
Upside/Downside: 13.0% Downside
$89.80 Price Target
Short Interest: Bearish
4.20% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -0.68
Upright™ Environmental Score
News Sentiment: 0.99
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.55 out of 5 stars

Computer And Technology Sector

618th out of 664 stocks

Prepackaged Software Industry

213th out of 231 stocks

0.7

Analyst's Opinion

Consensus Rating
Citrix Systems has received a consensus rating of Sell. The company's average rating score is 1.43, and is based on no buy ratings, 3 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $89.80, Citrix Systems has a forecasted downside of 13.0% from its current price of $103.22.
Amount of Analyst Coverage
Citrix Systems has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.20% of the outstanding shares of Citrix Systems have been sold short.
Short Interest Ratio / Days to Cover
Citrix Systems has a short interest ratio ("days to cover") of 4.7.
Change versus previous month
Short interest in Citrix Systems has recently increased by 3.09%, indicating that investor sentiment is decreasing.

0.8

Dividend Strength

Dividend Yield
Citrix Systems has a dividend yield of 0.72%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Citrix Systems does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Citrix Systems is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%.

3.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Citrix Systems has received a 42.82% net impact score from Upright. Citrix Systems seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Relationships". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Collaboration software", "Firewall software", and "User authentication software" products. See details.
Environmental Sustainability
The Environmental Impact score for Citrix Systems is -0.68.

2.8

News and Social Media Coverage

News Sentiment
Citrix Systems has a news sentiment score of 0.99. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Citrix Systems this week, compared to 6 articles on an average week.
Search Interest
Only 3 people have searched for CTXS on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Citrix Systems to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Citrix Systems insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.61% of the stock of Citrix Systems is held by insiders.
Percentage Held by Institutions
90.28% of the stock of Citrix Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Citrix Systems is 39.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Citrix Systems is 39.85, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 392.86.
Price to Book Value per Share Ratio
Citrix Systems has a P/B Ratio of 23.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Citrix Systems (NASDAQ:CTXS) Stock

Citrix Systems, Inc., an enterprise software company, provides workspace, app delivery and security, and professional services worldwide. The company offers workspace services, including Citrix Workspace; Citrix Virtual Apps and Desktops; Collaborative Work Management; Citrix Content Collaboration, a cloud-based file sharing, digital transaction, and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices; Citrix Analytics for Security that assesses the behavior of Citrix Virtual Apps and Desktops, and Citrix Workspace users and applies actions to protect sensitive corporate information; Citrix Analytics for Performance, which uses machine learning to quantify user experience; Citrix Secure Workspace Access that provides an end-to-end solution to implement Zero Trust principles; and Citrix Secure Internet Access, which provides a solution that protects direct internet access for branch and remote workers using unsanctioned apps. It also provides Citrix ADC that offers application delivery controller, on-premise, in-cloud, and SaaS deployment option solutions. In addition, the company provides customer services, hardware maintenance, consulting, and product training and certification services. The company serves healthcare, financial services, technology, manufacturing, consumer, and government agencies. 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. and changed its name to Citrix Systems, Inc. in March 2009. Citrix Systems, Inc. was incorporated in 1989 and is headquartered in Fort Lauderdale, Florida.

Citrix Systems Trading Up 0.3 %

Shares of NASDAQ:CTXS opened at $103.20 on Tuesday. The firm has a fifty day moving average of $99.51 and a two-hundred day moving average of $100.61. The firm has a market capitalization of $13.09 billion, a P/E ratio of 39.85 and a beta of 0.08. Citrix Systems has a 12-month low of $78.07 and a 12-month high of $115.00. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 3.92.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Citrix Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 30th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $89.80.

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CTXS Stock News Headlines

August 16, 2022 | finance.yahoo.com

Citrix Bankers Pitch Fresh Structure for $15 Billion Buyout Debt

August 16, 2022 | finance.yahoo.com

Luleå University of Technology Transforms Delivery of Education with Citrix®

August 16, 2022 | americanbankingnews.com

Citrix Systems, Inc. (NASDAQ:CTXS) Given Average Rating of "Hold" by Brokerages

August 10, 2022 | finance.yahoo.com

BofA Starting Fresh Talks with Investors on Citrix Buyout Debt

August 10, 2022 | uk.investing.com

Vista Equity Partners to Take Avalara Private in an $8.4 Billion Deal

August 2, 2022 | finance.yahoo.com

Companies Rethink Strategies for Enabling Hybrid Work

July 28, 2022 | investing.com

Citrix Systems Earnings Miss, Revenue Beats In Q2

July 28, 2022 | nasdaq.com

Citrix Systems: Tough Credit Conditions Delay Leveraged Buyout Acquisition

July 27, 2022 | nasdaq.com

Interesting CTXS Put Options For October 21st

July 27, 2022 | finance.yahoo.com

Wrike Redefines How Teams Manage Work With Custom Item Types

July 26, 2022 | finance.yahoo.com

Banks Make Last-Ditch Push to Sell Buyout Loans Before August Lull

July 26, 2022 | finance.yahoo.com

City of Corona Modernizes IT with Citrix® to Support Remote Work

July 25, 2022 | finance.yahoo.com

Citrix Bankers Weigh New $15 Billion Debt Plan to Stem Losses

July 25, 2022 | americanbankingnews.com

Citrix Systems (NASDAQ:CTXS) Raised to "Strong-Buy" at StockNews.com

July 20, 2022 | seekingalpha.com

Citrix ticks lower on report debt sale for buyout delayed until September

July 20, 2022 | finance.yahoo.com

Citrix Among Best Places to Work for Disability Inclusion

July 18, 2022 | stocknews.com

1 Tech Stock That Deserves a Spot in Your Portfolio Today

July 15, 2022 | marketwatch.com

Citrix Systems Inc. stock outperforms market on strong trading day

July 15, 2022 | finance.yahoo.com

Here's where Citrix will be headquartered after $16.5B merger

July 14, 2022 | seekingalpha.com

Citrix Systems wins European antitrust approval for sale to Vista/Elliott

July 14, 2022 | marketwatch.com

Citrix Systems Inc. stock outperforms competitors on strong trading day

July 11, 2022 | za.investing.com

Broadcom President Krause Leaves for Citrix-Tibco Role

July 11, 2022 | finance.yahoo.com

Citrix names incoming CEO as $16.5B acquisition nears completion

July 6, 2022 | marketwatch.com

Citrix Systems Inc. stock underperforms Wednesday when compared to competitors

July 2, 2022 | nasdaq.com

Bullish Two Hundred Day Moving Average Cross - CTXS

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CTXS Company Calendar

Last Earnings: 11/04/2021
Today: 8/16/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: Application Software
Sector: Computer and Technology
Current Symbol: NASDAQ:CTXS
CUSIP: 17737610
CIK: 877890
Web: www.citrix.com
Phone: (954) 267-3000
Fax: 954-267-3101
Employees: 9,700
Year Founded: 1989

Price Target and Rating

Average Stock Price Forecast: $89.80
High Stock Price Forecast: $105.00
Low Stock Price Forecast: $75.00
Forecasted Upside/Downside: -13.0%
Consensus Rating: Reduce
Rating Score (0-4): 1.43
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.59
Trailing P/E Ratio: 39.85
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $307.50 million
Net Margins: 9.97%
Pretax Margin: 7.16%
Return on Equity: 68.95%
Return on Assets: 6.13%

Debt

Debt-to-Equity Ratio: 3.92
Current Ratio: 0.82
Quick Ratio: 0.81

Sales & Book Value

Annual Sales: $3.22 billion
Price / Sales: 4.07
Cash Flow: $6.11 per share
Price / Cash Flow: 16.90
Book Value: $4.39 per share
Price / Book: 23.51

Miscellaneous

Outstanding Shares: 126,885,000
Free Float: 126,111,000
Market Cap: $13.10 billion
Optionable: Optionable
Beta: 0.08

Social Links

Key Executives

Mr. Robert M. Calderoni CPA (Age 62)
CPA, Interim CEO, Pres & Chairman
Comp: $2.06M
Mr. Mark J. Schmitz (Age 47)
COO & Exec. VP
Comp: $1.44M
Mr. Woong Kim (Age 42)
Exec. VP and Chief Product & Technology Officer
Comp: $1.3M
Mr. Michael J. Arenth (Age 50)
Exec. VP of Work Solutions
Comp: $979.79k
Mr. Jason A. Smith (Age 48)
Exec. VP & CFO
Ms. Jessica Soisson (Age 48)
VP, Chief Accounting Officer & Corp. Controller
Ms. Traci T. Tsuchiguchi (Age 47)
VP of Investor Relations
Mr. Antonio G. Gomes (Age 56)
Exec. VP, Chief Legal Officer & Sec.
Mr. Timothy A. Minahan (Age 52)
Exec. VP of Bus. Strategy & Chief Marketing Officer
Mr. Isaac Leonard
Sr. Director of Corp. Devel. & Corp. Venture Capital

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CTXS Stock - Frequently Asked Questions

Should I buy or sell Citrix Systems stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Citrix Systems in the last year. There are currently 4 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "sell" CTXS shares.
View CTXS analyst ratings or view top-rated stocks.
What is Citrix Systems' stock price forecast for 2022?: 7 brokerages have issued twelve-month price objectives for Citrix Systems' shares. Their CTXS share price forecasts range from $75.00 to $105.00. On average, they predict the company's stock price to reach $89.80 in the next year. This suggests that the stock has a possible downside of 13.0%.
View analysts price targets for CTXS or view top-rated stocks among Wall Street analysts.
How have CTXS shares performed in 2022?: Citrix Systems' stock was trading at $94.59 at the beginning of the year. Since then, CTXS shares have increased by 9.1% and is now trading at $103.22.
View the best growth stocks for 2022 here.
When is Citrix Systems' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CTXS earnings forecast.
How were Citrix Systems' earnings last quarter?: Citrix Systems, Inc. (NASDAQ:CTXS) posted its quarterly earnings results on Thursday, November, 4th. The cloud computing company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.31. The cloud computing company earned $778.45 million during the quarter, compared to analyst estimates of $770.55 million. Citrix Systems had a net margin of 9.97% and a trailing twelve-month return on equity of 68.95%. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the business earned $0.83 EPS.
Read the conference call transcript.
How often does Citrix Systems pay dividends? What is the dividend yield for Citrix Systems?: Citrix Systems declared a quarterly dividend on Thursday, November 4th. Investors of record on Tuesday, December 7th will be paid a dividend of $0.37 per share on Tuesday, December 21st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Monday, December 6th.
Read our dividend analysis for CTXS.
Is Citrix Systems a good dividend stock?: Citrix Systems (NASDAQ:CTXS) pays an annual dividend of $0.74 per share and currently has a dividend yield of 0.72%. The dividend payout ratio is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CTXS.
What is David Henshall's approval rating as Citrix Systems' CEO?: 505 employees have rated Citrix Systems Chief Executive Officer David Henshall on Glassdoor.com. David Henshall has an approval rating of 91% among the company's employees. This puts David Henshall in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Citrix Systems own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Citrix Systems investors own include NVIDIA (NVDA), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), Netflix (NFLX), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Adobe (ADBE), AbbVie (ABBV) and Salesforce (CRM).
What is Citrix Systems' stock symbol?: Citrix Systems trades on the NASDAQ under the ticker symbol "CTXS."
Who are Citrix Systems' major shareholders?: Citrix Systems' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (4.09%), Pentwater Capital Management LP (3.15%), Price T Rowe Associates Inc. MD (2.85%), Bank of Nova Scotia (1.59%), Bank of Nova Scotia (1.59%) and Segantii Capital Management Ltd (1.50%). Insiders that own company stock include Antonio G Gomes, Antonio G Gomes, Arlen Shenkman, David J Henshall, David J Henshall, Donna Nappen Kimmel, Hector Lima, Jessica Soisson, Mark J Ferrer, Mark J Ferrer, Mark J Schmitz, Mark J Schmitz, Nanci Caldwell, Paul J Hough, Peter John Sacripanti, Robert Calderoni, Rotterdam Jeroen Van, Sridhar Mullapudi, Timothy A Minahan and Timothy A Minahan.
View institutional ownership trends.
How do I buy shares of Citrix Systems?: Shares of CTXS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Citrix Systems' stock price today?: One share of CTXS stock can currently be purchased for approximately $103.22.
How much money does Citrix Systems make?: Citrix Systems (NASDAQ:CTXS) has a market capitalization of $13.10 billion and generates $3.22 billion in revenue each year. The cloud computing company earns $307.50 million in net income (profit) each year or $2.59 on an earnings per share basis.
How many employees does Citrix Systems have?: The company employs 9,700 workers across the globe.
Does Citrix Systems have any subsidiaries?: The following companies are subsidiares of Citrix Systems: APM, Apere Enterprise Storage Solutions India Pvt. Ltd., App-DNA, Ardence Inc, Aurema, Beetil Service Management Software, Byte Squared, Byte Squared Limited, Bytemobile, Bytemobile Inc., Bytemobile European Development Center MEPE, Bytemobile Hong Kong Ltd., Bytemobile Inc., Bytemobile International Corp., Bytemobile Solutions Pvt Ltd, Carbon Software Technologies Holdings Limited, Caymas Systems, Cedexis, Cedexis Inc., Cedexis Sas, Citrix Application Networking LLC, Citrix Finance Cayman LP, Citrix Global Holdings B.V., Citrix Global Holdings UK Limited, Citrix Greece MEPE, Citrix Holanda B.V., Citrix Offshore Investments Ltd., Citrix Online AUS Pty Ltd., Citrix Online Audio LLC, Citrix Online Service Provider Group Inc., Citrix Overseas Holdings B.V., Citrix R&D India Private Limited, Citrix R&D Limited, Citrix Sistemas de Argentina S.R.L., Citrix Sistemas de Chile Ltda., Citrix Sistemas de Colombia SAS, Citrix Sistemas de Mexico S. de RL de CV, Citrix Sistemas do Brasil Ltda., Citrix Systems Asia Pacific Pty Ltd., Citrix Systems Belgium S.A.R.L., Citrix Systems Bulgaria EEOD, Citrix Systems Canada Inc., Citrix Systems Czech Republic SRO, Citrix Systems Denmark ApS, Citrix Systems Finland Oy, Citrix Systems France SARL, Citrix Systems GmbH, Citrix Systems Hong Kong Limited, Citrix Systems India Private Limited, Citrix Systems Information Technology (Beijing) Ltd, Citrix Systems International GmbH, Citrix Systems Ireland Ltd, Citrix Systems Italy S.r.L., Citrix Systems Japan Kabushiki Kaisha, Citrix Systems Korea Limited, Citrix Systems Malaysia Sdn Bhd, Citrix Systems Netherlands B.V., Citrix Systems New Zealand Ltd., Citrix Systems Norway AS, Citrix Systems Overseas Holding GmbH, Citrix Systems Poland Sp. Zo.o, Citrix Systems Puerto Rico Corp., Citrix Systems Singapore Pte Ltd., Citrix Systems Slovakia SRO, Citrix Systems South Africa (Pty) Ltd., Citrix Systems Spain SL, Citrix Systems Sweden AB, Citrix Systems Taiwan Ltd, Citrix Systems Turkey YVH Ltd S, Citrix Systems UK Limited, Citrix Technologies GmbH, Citrixus Sistemas de Costa Rica SRL, Cloud.com, DataPac Australasia Pty Limited, EMS-Cortex, Expertcity, Framehawk, GetGo AUS Pty Ltd., GetGo Audio LLC, GetGo Communications LLC, GetGo Communications Virginia LLC, GetGo Germany GmbH, GetGo Holdings Bermuda Limited, GetGo Inc., GetGo Investment LLC, GetGo Software Technologies India Private Limited, GetGo Technologies Ireland Limited, GetGo Technologies UK Limited, GoToMeeting-duplicate, Grasshopper, Grasshopper Group LLC, Innovex Group, Insignia Solutions, Interconnect Medical Inc., Kaviza, Net6, NetScaler, Netviewer, Norskale, Octoblu, Octoblu Inc., Orbital Data, Paglo, Peninsula Finance LLC, Peninsula Investment Corp., Podio, Podio ApS, Podio Inc., QuickTree, Reflectent Software, RightSignature, RightSignature LLC, RingCube Technologies, Ringcube Software Tech Pvt Ltd., Sanbolic, Sanbolic LLC, Sapho, ScaleXtreme, Sequoia Software, ShareFile, ShareFile LLC, Skytide, Solid Instance, Teros, ThinGenius, Unidesk, Unti Acquisition Corp., VDOnet Corp., VMLogix, Vapps, Viewsoft Inc, Virtual, Virtual Computer, Virtuall Solutions Ltd., Virtuall Solutions Sas, Wrike, XenSource, Zenprise, and sepagoPROFILE.
Read More
When was Citrix Systems founded?: Citrix Systems was founded in 1989.
How can I contact Citrix Systems?: Citrix Systems' mailing address is 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL, 33309. The official website for the company is www.citrix.com. The cloud computing company can be reached via phone at (954) 267-3000, via email at traci.tsuchiguchi@citrix.com, or via fax at 954-267-3101.

This page (NASDAQ:CTXS) was last updated on 8/16/2022 by MarketBeat.com Staff

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Citrix Systems - CTXS Stock Forecast, Price & News

Citrix Systems MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability