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NASDAQ:CTXS

Citrix Systems - CTXS Stock Forecast, Price & News

$102.43
-0.07 (-0.07%)
(As of 08/8/2022 12:02 PM ET)
Add
Compare
Today's Range
$102.36
$102.92
50-Day Range
$89.76
$102.57
52-Week Range
$78.07
$115.00
Volume
10,956 shs
Average Volume
1.80 million shs
Market Capitalization
$13.00 billion
P/E Ratio
46.77
Dividend Yield
0.72%
Price Target
$89.80

Citrix Systems MarketRank™ Forecast

Analyst Rating
Reduce
1.43 Rating Score
Upside/​Downside
12.6% Downside
$89.80 Price Target
Short Interest
Bearish
4.07% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
-0.75mentions of Citrix Systems in the last 14 days
Based on 2 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.

1.39 out of 5 stars

Computer And Technology Sector

674th out of 833 stocks

Prepackaged Software Industry

222nd out of 269 stocks

CTXS stock logo

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.

Analysts Set New Price Targets

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

Citrix Systems Stock Up 0.5 %

CTXS opened at $102.50 on Monday. Citrix Systems has a one year low of $78.07 and a one year high of $115.00. The company has a market cap of $13.01 billion, a price-to-earnings ratio of 46.80 and a beta of 0.08. The business's fifty day moving average is $99.28 and its two-hundred day moving average is $100.62. The company has a debt-to-equity ratio of 3.92, a quick ratio of 0.81 and a current ratio of 0.82.

Citrix Systems (NASDAQ:CTXS - Get Rating) last announced its earnings results on Thursday, May 5th. The cloud computing company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.29. The company had revenue of $825.34 million during the quarter, compared to analysts' expectations of $795.00 million. Citrix Systems had a net margin of 9.97% and a return on equity of 67.78%.

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CTXS Stock News Headlines

Companies Rethink Strategies for Enabling Hybrid Work
Marc O’Polo Sews Up Future of Work with Citrix®
See More Headlines
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CTXS Company Calendar

Last Earnings
11/04/2021
Today
8/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:CTXS
CUSIP
17737610
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
-12.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.43
Research Coverage
7 Analysts

Profitability

Net Income
$307.50 million
Pretax Margin
7.16%

Debt

Sales & Book Value

Annual Sales
$3.22 billion
Cash Flow
$6.08 per share
Book Value
$4.39 per share

Miscellaneous

Free Float
126,111,000
Market Cap
$13.00 billion
Optionable
Optionable
Beta
0.08

Social Links















CTXS Stock - Frequently Asked Questions

Should I buy or sell Citrix Systems stock right now?

7 Wall Street research 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 research analysts is that investors should "sell" Citrix Systems stock.
View analyst ratings for Citrix Systems
or view top-rated stocks.

What is Citrix Systems' stock price forecast for 2022?

7 brokerages have issued 1-year price objectives for Citrix Systems' shares. Their CTXS stock forecasts range from $75.00 to $105.00. On average, they predict Citrix Systems' share price to reach $89.80 in the next twelve months. This suggests that the stock has a possible downside of 12.4%.
View analysts' price targets for Citrix Systems
or view top-rated stocks among Wall Street analysts.

How has Citrix Systems' stock price performed in 2022?

Citrix Systems' stock was trading at $94.59 at the beginning of the year. Since then, CTXS shares have increased by 8.4% and is now trading at $102.50.
View the best growth stocks for 2022 here
.

Are investors shorting Citrix Systems?

Citrix Systems saw a increase in short interest in July. As of July 15th, there was short interest totaling 5,170,000 shares, an increase of 20.5% from the June 30th total of 4,290,000 shares. Based on an average daily trading volume, of 1,210,000 shares, the days-to-cover ratio is currently 4.3 days.
View Citrix Systems' Short Interest
.

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 (EPS) 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 67.78%. The firm's revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 earnings per share.
Read Citrix Systems' 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. Shareholders of record on Tuesday, December 7th will be given 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 1.44%. The ex-dividend date of this dividend is Monday, December 6th.
View Citrix Systems' dividend history
.

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 of Citrix Systems is 33.79%. This payout ratio is at a healthy, sustainable level, below 75%.
View Citrix Systems' dividend history.

What is David Henshall's approval rating as Citrix Systems' CEO?

505 employees have rated Citrix Systems CEO David Henshall on Glassdoor.com. David Henshall has an approval rating of 91% among Citrix Systems' 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 number of institutional and retail investors. Top institutional shareholders include Bank of Nova Scotia (1.59%), Segantii Capital Management Ltd (1.50%), National Bank of Canada FI (1.16%), KBC Group NV (0.53%), Sumitomo Mitsui Trust Holdings Inc. (0.35%) and Calamos Advisors LLC (0.26%). Company insiders that own Citrix Systems 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 for Citrix Systems
.

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 $102.50.

How much money does Citrix Systems make?

Citrix Systems (NASDAQ:CTXS) has a market capitalization of $13.01 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 $2.19 on an earnings per share basis.

How many employees does Citrix Systems have?

Citrix Systems 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 Citrix Systems 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 8/8/2022 by MarketBeat.com Staff

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