NASDAQ:CTXSCitrix Systems Stock Price, Forecast & News

$148.12

+6.93 (+4.91 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$141.54

Now: $148.12▼

$148.53

50-Day Range

$136.73

MA: $144.39▼

$154.02

52-Week Range

$90.28

Now: $148.12▼

$155.10

Volume3.62 million shs

Average Volume2.29 million shs

Market Capitalization$18.29 billion

P/E Ratio25.90

Dividend Yield0.99%

Beta0.33

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.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
Citrix Systems has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 6 buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $144.25, Citrix Systems has a potential downside of 2.6% from its current price of $148.12.
Amount of Analyst Coverage
Citrix Systems has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Citrix Systems has received 941 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Citrix Systems has received 873 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Citrix Systems has received 51.87% “outperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Citrix Systems is a leading dividend payer. It pays a dividend yield of 0.99%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Citrix Systems has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Citrix Systems is 33.90 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Citrix Systems will have a dividend payout ratio of 31.46 % next year. This indicates that Citrix Systems will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Citrix Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,983,006.00 in company stock.
Percentage Held by Insiders
Only 0.54% of the stock of Citrix Systems is held by insiders.
Percentage Held by Institutions
92.36% 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

Earnings Growth
Earnings for Citrix Systems are expected to grow by 15.58% in the coming year, from $3.85 to $4.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Citrix Systems is 25.90, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Citrix Systems is 25.90, 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 40.92.
Price to Earnings Growth Ratio
Citrix Systems has a PEG Ratio of 4.37. PEG Ratios above 1 indicate that a company could be overvalued.

Overall Beat the Market Rank^™

2.07 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Prepackaged software

Sub-IndustryApplication Software

SectorComputer and Technology

Current SymbolNASDAQ:CTXS

Previous Symbol

CUSIP17737610

CIK877890

Webwww.citrix.com

Phone954-267-3000

Debt

Debt-to-Equity Ratio1.14

Current Ratio0.78

Quick Ratio0.77

Price-To-Earnings

Trailing P/E Ratio25.90

Forward P/E Ratio38.47

P/E Growth4.37

Sales & Book Value

Annual Sales$3.01 billion

Price / Sales6.07

Cash Flow$6.53 per share

Price / Cash Flow22.69

Book Value($1.77) per share

Price / Book-83.68

Profitability

EPS (Most Recent Fiscal Year)$4.13

Net Income$681.81 million

Net Margins23.88%

Return on Equity132.00%

Return on Assets14.55%

Miscellaneous

Employees8,400

Outstanding Shares123,451,000

Market Cap$18.29 billion

Next Earnings Date7/22/2020 (Estimated)

OptionableOptionable

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Citrix Systems (NASDAQ:CTXS) Frequently Asked Questions

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

Citrix Systems' stock was trading at $114.80 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CTXS stock has increased by 29.0% and is now trading at $148.12. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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, 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 Wednesday, July 22nd 2020. View our earnings forecast for Citrix Systems.

How were Citrix Systems' earnings last quarter?

Citrix Systems, Inc. (NASDAQ:CTXS) announced its earnings results on Thursday, April, 23rd. The cloud computing company reported $1.73 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.17 by $0.56. The cloud computing company earned $860.95 million during the quarter, compared to the consensus estimate of $734.29 million. Citrix Systems had a return on equity of 132.00% and a net margin of 23.88%. Citrix Systems's revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.27 earnings per share. View Citrix Systems' earnings history.

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

Citrix Systems declared a quarterly dividend on Friday, April 24th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.35 per share on Friday, June 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, June 4th. View Citrix Systems' dividend history.

How will Citrix Systems' stock buyback program work?

Citrix Systems announced that its board has approved a share repurchase plan on Wednesday, October 24th 2018, which permits the company to buyback $750,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are often 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, April, 23rd. The company provided EPS guidance of $5.40-5.60 for the period, compared to the Thomson Reuters consensus estimate of $5.42. The company issued revenue guidance of $3.10-3.16 billion, compared to the consensus revenue estimate of $3.12 billion.

What price target have analysts set for CTXS?

14 analysts have issued 1-year price targets for Citrix Systems' stock. Their forecasts range from $107.00 to $200.00. On average, they expect Citrix Systems' share price to reach $144.25 in the next year. This suggests that the stock has a possible downside of 2.6%. View analysts' price targets for Citrix Systems.

Has Citrix Systems been receiving favorable news coverage?

Press coverage about CTXS stock has trended positive on Friday, according to InfoTrie. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Citrix Systems earned a coverage optimism score of 2.8 on InfoTrie's scale. They also gave media headlines about the cloud computing company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutCitrix Systems.

Are investors shorting Citrix Systems?

Citrix Systems saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 4,710,000 shares, a decline of 7.1% from the March 31st total of 5,070,000 shares. Based on an average daily trading volume, of 2,630,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 3.9% of the company's stock are short sold. View Citrix Systems' Current Options Chain.

Who are some of Citrix Systems' key competitors?

Some companies that are related to Citrix Systems include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Splunk (SPLK), Synopsys (SNPS), Cadence Design Systems (CDNS), ANSYS (ANSS), SS&C Technologies (SSNC), Tyler Technologies (TYL), Fair Isaac (FICO), FactSet Research Systems (FDS), Guidewire Software (GWRE) and Pegasystems (PEGA). View all 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 NVIDIA (NVDA), Intel (INTC), Micron Technology (MU), Netflix (NFLX), Adobe (ADBE), Cisco Systems (CSCO), Advanced Micro Devices (AMD), Tesla (TSLA), Alibaba Group (BABA) and Gilead Sciences (GILD).

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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.57%), State Street Corp (4.64%), Clearbridge Investments LLC (3.43%), Invesco Ltd. (2.13%), First Trust Advisors LP (2.02%) and Bank of New York Mellon Corp (1.94%). Company insiders that own Citrix Systems stock include 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 BlackRock Inc., First Trust Advisors LP, Wells Fargo & Company MN, Alberta Investment Management Corp, Two Sigma Advisers LP, AQR Capital Management LLC, Schroder Investment Management Group, and Clearbridge Investments LLC. Company insiders that have sold Citrix Systems company stock in the last year include David J Henshall, Donna Nappen Kimmel, Jessica Soisson, Mark J Ferrer, Mark J Schmitz, Nanci Caldwell, 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 acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., London Co. of Virginia, APG Asset Management N.V., APG Asset Management N.V., Invesco Ltd., Pictet Asset Management Ltd., Alliancebernstein L.P., and MERIAN GLOBAL INVESTORS UK Ltd. 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 $148.12.

How big of a company is Citrix Systems?

Citrix Systems has a market capitalization of $18.29 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 eduar[email protected]

This page was last updated on 5/29/2020 by MarketBeat.com Staff