Citrix Systems (CTXS) is Reiterated by MKM Partners to Buy, Raises Price Target to $ 98

Citrix Systems (CTXS) was Reiterated by MKM Partners to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 98 from a previous price target of $93 . MKM Partners advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on Citrix Systems. Company shares were Reiterated by UBS on Apr 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 81 from a previous price target of $73 .Company shares were Reiterated by Mizuho on Apr 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 80 from a previous price target of $70 .Citrix Systems was Upgraded by JMP Securities to ” Mkt Perform” on Jan 28, 2016.

On the company’s financial health, Citrix Systems reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.92. The company had revenue of $826.00 million for the quarter, compared to analysts expectations of $787.97 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Citrix Systems opened for trading at $80.18 and hit $81.46 on the upside on Monday, eventually ending the session at $81.37, with a gain of 1.02% or 0.82 points. The heightened volatility saw the trading volume jump to 15,76,143 shares. Company has a market cap of $12,529 M.

In a different news, on Mar 30, 2016, Christopher Hylen (SVP & GM, Mobility Apps) sold 2,455 shares at $76.21 per share price. According to the SEC, on Mar 2, 2016, Murray J Demo (director) sold 2,000 shares at $71.31 per share price. On Mar 1, 2016, Timothy A. Minahan (CMO) purchased 4 shares at $71.60 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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