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NASDAQ:CTXS

Citrix Systems Stock Forecast, Price & News

$133.15
-4.05 (-2.95 %)
(As of 09/23/2020 12:00 AM ET)
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Compare
Today's Range
$132.86
Now: $133.15
$137.48
50-Day Range
$132.37
MA: $139.04
$147.80
52-Week Range
$94.17
Now: $133.15
$173.56
Volume804,900 shs
Average Volume1.97 million shs
Market Capitalization$16.45 billion
P/E Ratio22.49
Dividend Yield1.02%
Beta0.23
Citrix Systems, Inc. provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both. Its workspace services also comprise Citrix Endpoint Management enterprise mobility management solutions; and Citrix Workspace Suite, which provides apps, desktops, branch networking and WAN, enterprise mobility management, and data people need for business productivity. In addition, the company offers networking products comprising Citrix ADC, a software-defined application delivery controller designed for organizations undergoing digital transformation; and Citrix SD-WAN that enhances applications delivered from the legacy data center, cloud, or SaaS. Further, it provides content collaboration offerings that include 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. Additionally, the company offers support, 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.
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Citrix Systems logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.76 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryApplication Software
Current SymbolNASDAQ:CTXS
CUSIP17737610
Phone954-267-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.01 billion
Cash Flow$6.10 per share
Book Value$6.43 per share

Profitability

Net Income$681.81 million

Miscellaneous

Employees8,400
Market Cap$16.45 billion
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$133.15
-4.05 (-2.95 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Citrix Systems (NASDAQ:CTXS) Frequently Asked Questions

How has Citrix Systems' stock price been impacted by COVID-19 (Coronavirus)?

Citrix Systems' stock was trading at $114.80 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CTXS stock has increased by 16.0% and is now trading at $133.15.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Citrix Systems?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Citrix Systems in the last year. There are currently 1 sell rating, 6 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Citrix Systems
.

When is Citrix Systems' next earnings date?

Citrix Systems is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Citrix Systems
.

How were Citrix Systems' earnings last quarter?

Citrix Systems, Inc. (NASDAQ:CTXS) posted its quarterly earnings results on Thursday, July, 23rd. The cloud computing company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.30. The cloud computing company earned $799 million during the quarter, compared to the consensus estimate of $769.08 million. Citrix Systems had a net margin of 24.11% and a return on equity of 201.80%. The firm's revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 EPS.
View Citrix Systems' earnings history
.

How often does Citrix Systems pay dividends? What is the dividend yield for Citrix Systems?

Citrix Systems announced a quarterly dividend on Friday, July 24th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.35 per share on Friday, September 25th. This represents a $1.40 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, September 10th.
View Citrix Systems' dividend history
.

How will Citrix Systems' stock buyback program work?

Citrix Systems announced that its Board of Directors has approved a share buyback program on Wednesday, October 24th 2018, which permits the company to repurchase $750,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its stock is undervalued.

What guidance has Citrix Systems issued on next quarter's earnings?

Citrix Systems updated its FY20 earnings guidance on Thursday, July, 23rd. The company provided earnings per share guidance of $5.65-5.85 for the period, compared to the Thomson Reuters consensus estimate of $5.63. The company issued revenue guidance of $3.18-3.21 billion, compared to the consensus revenue estimate of $3.13 billion.

What price target have analysts set for CTXS?

15 Wall Street analysts have issued twelve-month price targets for Citrix Systems' stock. Their forecasts range from $109.00 to $200.00. On average, they expect Citrix Systems' stock price to reach $152.77 in the next twelve months. This suggests a possible upside of 14.7% from the stock's current price.
View analysts' price targets for Citrix Systems
.

Are investors shorting Citrix Systems?

Citrix Systems saw a increase in short interest during the month of August. As of August 14th, there was short interest totaling 3,560,000 shares, an increase of 11.9% from the July 30th total of 3,180,000 shares. Based on an average daily volume of 1,630,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.9% of the shares of the company are short sold.
View Citrix Systems' Short Interest
.

Who are some of Citrix Systems' key competitors?

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 Micron Technology (MU), NVIDIA (NVDA), Intel (INTC), Cisco Systems (CSCO), Netflix (NFLX), Advanced Micro Devices (AMD), Adobe (ADBE), QUALCOMM (QCOM), AbbVie (ABBV) and salesforce.com (CRM).

Who are Citrix Systems' key executives?

Citrix Systems' management team includes the following people:
  • Mr. David James Henshall, CEO, Pres & Director (Age 51)
  • Ms. Donna N. Kimmel, Sr. VP & Chief People Officer (Age 56)
  • Mr. Mark M. Coyle, Sr. VP of Fin. (Age 61)
  • Mr. Mark J. Ferrer, Exec. VP & Chief Revenue Officer (Age 59)
  • Mr. Andrew Del Matto, Exec. VP & CFO (Age 60)

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.67%), BlackRock Inc. (11.48%), First Trust Advisors LP (2.49%), FMR LLC (2.14%), Bank of New York Mellon Corp (1.91%) and London Co. of Virginia (1.50%). Company insiders that own Citrix Systems stock include Antonio G Gomes, David J Henshall, Donna Nappen Kimmel, Jessica Soisson, Mark J Ferrer, Mark J Schmitz, Matto Andrew H Del, Nanci Caldwell, Paul J Hough, Peter John Sacripanti, 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 Goldman Sachs Group Inc., Holocene Advisors LP, Bank of Nova Scotia, Teacher Retirement System of Texas, FMR LLC, Sumitomo Mitsui Trust Holdings Inc., London Co. of Virginia, and WINTON GROUP Ltd. Company insiders that have sold Citrix Systems company stock in the last year include Antonio G Gomes, David J Henshall, Donna Nappen Kimmel, Jessica Soisson, Mark J Ferrer, Mark J Schmitz, Nanci Caldwell, Paul J Hough, Peter John Sacripanti, Robert Calderoni, Rotterdam Jeroen Van, and Timothy A Minahan.
View insider buying and selling activity 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 Unigestion Holding SA, First Trust Advisors LP, Robeco Institutional Asset Management B.V., Alyeska Investment Group L.P., Point72 Asset Management L.P., Wedge Capital Management L L P NC, AJO LP, and APG Asset Management N.V..
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Citrix Systems' stock price today?

One share of CTXS stock can currently be purchased for approximately $133.15.

How big of a company is Citrix Systems?

Citrix Systems has a market capitalization of $16.45 billion and generates $3.01 billion in revenue each year. The cloud computing company earns $681.81 million in net income (profit) each year or $4.13 on an earnings per share basis. Citrix Systems employs 8,400 workers across the globe.

What is Citrix Systems' official website?

The official website for Citrix Systems is www.citrix.com.

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]

This page was last updated on 9/23/2020 by MarketBeat.com Staff

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