Citrix Systems (CTXS) Receiving Somewhat Positive Media Coverage, Study Finds
News coverage about Citrix Systems (NASDAQ:CTXS) has trended somewhat positive on Sunday, Accern reports. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Citrix Systems earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned press coverage about the cloud computing company an impact score of 45.967926997011 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Zacks: Brokerages Anticipate Citrix Systems, Inc. (CTXS) Will Post Quarterly Sales of $691.06 Million (americanbankingnews.com)
- Technical Reports on Business Software & Services Equities — CA Inc., Citrix Systems, Cognizant Technology … – Markets Insider (markets.businessinsider.com)
- Noteworthy Thursday Option Activity: CTXS, CSOD, SQ (nasdaq.com)
- $1.04 Earnings Per Share Expected for Citrix Systems, Inc. (CTXS) This Quarter (americanbankingnews.com)
- Citrix Cloud – A New Strategy for Citrix Service Providers (dabcc.com)
Shares of Citrix Systems (NASDAQ CTXS) traded down 0.54% during trading on Friday, hitting $76.22. The stock had a trading volume of 2,891,393 shares. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 25.68 and a beta of 1.48. The stock has a 50 day moving average price of $76.56 and a 200-day moving average price of $80.82. Citrix Systems has a one year low of $64.72 and a one year high of $87.99.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The firm had revenue of $693.00 million for the quarter, compared to the consensus estimate of $690.83 million. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 EPS. On average, equities research analysts predict that Citrix Systems will post $4.63 earnings per share for the current year.
CTXS has been the subject of a number of research analyst reports. BidaskClub lowered Citrix Systems from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Royal Bank Of Canada restated a “hold” rating and issued a $85.00 target price on shares of Citrix Systems in a research note on Monday, July 31st. Stifel Nicolaus restated a “hold” rating and issued a $77.00 target price on shares of Citrix Systems in a research note on Thursday, August 3rd. Barclays PLC restated an “overweight” rating and issued a $90.00 target price (up from $87.00) on shares of Citrix Systems in a research note on Thursday, August 3rd. Finally, MKM Partners restated a “buy” rating and issued a $90.00 target price (down from $95.00) on shares of Citrix Systems in a research note on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $89.25.
Citrix Systems Company Profile
Citrix Systems, Inc offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company’s Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services.
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