Citrix Systems (CTXS) Earning Somewhat Positive Media Coverage, Study Shows
News headlines about Citrix Systems (NASDAQ:CTXS) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Citrix Systems earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the cloud computing company an impact score of 47.4863882821804 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s rankings:
- Attention Seeking Stock – Citrix Systems, Inc., (NASDAQ: CTXS) – Stock Watch (stocksnewstimes.com)
- Citrix Systems (CTXS) Announces $1.7B Share Buyback Authorization, Increasing Buyback Total to $2B (streetinsider.com)
- Citrix Systems (CTXS) Announces $1.7B Share Buyback Authorization, Increasing Buyback Total to $2B – StreetInsider.com (streetinsider.com)
- Citrix Systems (CTXS) to Buyback $1.70 billion in Outstanding Stock (americanbankingnews.com)
- Citrix : Announces Pricing of $750 Million Senior Notes (4-traders.com)
CTXS has been the topic of a number of research reports. Goldman Sachs Group, Inc. (The) raised shares of Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Friday, November 3rd. Zacks Investment Research lowered shares of Citrix Systems from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Robert W. Baird set a $90.00 price target on shares of Citrix Systems and gave the stock a “buy” rating in a report on Friday, October 6th. Royal Bank Of Canada reiterated a “hold” rating and set a $85.00 price target on shares of Citrix Systems in a report on Monday, September 4th. Finally, Citigroup Inc. cut their price target on shares of Citrix Systems from $96.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $89.50.
Shares of Citrix Systems (CTXS) traded down $1.10 during midday trading on Thursday, hitting $84.12. 2,207,200 shares of the stock traded hands, compared to its average volume of 1,742,859. Citrix Systems has a 52-week low of $67.22 and a 52-week high of $87.99. The firm has a market capitalization of $12,850.00, a price-to-earnings ratio of 20.74, a P/E/G ratio of 4.07 and a beta of 1.40. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.69.
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, October 25th. The cloud computing company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.18. Citrix Systems had a net margin of 15.67% and a return on equity of 31.32%. The firm had revenue of $691.00 million for the quarter, compared to analyst estimates of $691.61 million. During the same quarter in the prior year, the business earned $1.32 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. sell-side analysts forecast that Citrix Systems will post 3.94 earnings per share for the current fiscal year.
Citrix Systems declared that its Board of Directors has authorized a stock repurchase plan on Monday, November 13th that authorizes the company to buyback $1.70 billion in outstanding shares. This buyback authorization authorizes the cloud computing company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
In other news, CEO David J. Henshall sold 12,500 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $84.25, for a total transaction of $1,053,125.00. Following the completion of the sale, the chief executive officer now directly owns 306,777 shares of the company’s stock, valued at $25,845,962.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Mark M. Coyle sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $84.32, for a total transaction of $210,800.00. Following the sale, the chief financial officer now directly owns 38,512 shares of the company’s stock, valued at $3,247,331.84. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.
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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