Citrix Systems (CTXS) Releases Earnings Results, Beats Expectations By $0.13 EPS

Citrix Systems (CTXS) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. CTXS said it had a profit of $1.32 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $1.19. The company posted revenue of $841.00 million in the period, compared to analysts expectations of $827.30 million. CTXS’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.

Many Wall Street Analysts have commented on Citrix Systems. Citrix Systems was Downgraded by Jefferies to ” Underperform” on Aug 1, 2016. Company shares were Reiterated by Deutsche Bank on Jul 27, 2016 to “Hold”, Firm has raised the Price Target to $ 85 from a previous price target of $80 .Citrix Systems was Downgraded by Stifel to ” Hold” on Jul 27, 2016.

Citrix Systems opened for trading at $83.92 and hit $84.64 on the upside on Friday, eventually ending the session at $83.64, with a gain of 0.30% or 0.25 points. The heightened volatility saw the trading volume jump to 18,09,625 shares. Company has a market cap of $13,025 M.

In a different news, on Sep 30, 2016, Murray J Demo (director) sold 1,000 shares at $86.03 per share price. According to the SEC, on Aug 15, 2016, Klaus Oestermann (SVP & GM, Delivery Networks) sold 7,242 shares at $85.89 per share price. On Aug 8, 2016, Carlos Sartorius (SVP, Sales & Services) sold 13,290 shares at $84.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Citrix Systems Inc. provides virtualization mobility management networking and SaaS solutions to businesses. The Company’s solutions offer secure mobile workspaces that provide people with access to apps desktops data and communications on any device over any network or cloud. It markets and licenses its products directly to customers. The Company operates through two segments: Enterprise and Service Provider division and the Mobility Apps division. Enterprise and Service Provider division’s Workspace services include mobile platforms desktop and application virtualization citrix workspace suite and delivery networking. Its Mobility Apps applications include communications cloud documents cloud and workflow cloud. It also offers Professional Services and Technology products which include Citrix HDX FlexCast Citrix personalization technologies NetScaler Software Packet Engine ByteMobile Adaptive Traffic Management System XenMobile and Citrix Internet among others.

Citrix Systems

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