Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Citrix Systems (CTXS) Share Price
Press coverage about Citrix Systems (NASDAQ:CTXS) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Citrix Systems earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the cloud computing company an impact score of 45.5464411116405 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Citrix Systems to Announce Fourth Quarter and Fiscal Year 2017 Financial Results on Wednesday, January 31 (finance.yahoo.com)
- Coretek Services Increases Product Development Efficiencies for Wolverine Worldwide with Citrix Solutions (finance.yahoo.com)
- What Technical Indicators Indicate for VMware Stock (finance.yahoo.com)
- Citrix Systems (CTXS) Upgraded at BidaskClub (americanbankingnews.com)
CTXS has been the subject of several recent analyst reports. Citigroup dropped their price objective on Citrix Systems from $96.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Zacks Investment Research downgraded Citrix Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. KeyCorp restated a “hold” rating on shares of Citrix Systems in a research report on Friday, November 10th. Goldman Sachs Group upgraded Citrix Systems from a “neutral” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Friday, November 3rd. Finally, Robert W. Baird restated a “buy” rating on shares of Citrix Systems in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Citrix Systems presently has an average rating of “Hold” and an average target price of $89.00.
Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, October 25th. The cloud computing company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.04 by $0.18. The firm had revenue of $691.00 million during the quarter, compared to the consensus estimate of $691.61 million. Citrix Systems had a return on equity of 31.32% and a net margin of 15.67%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $1.32 earnings per share. equities research analysts forecast that Citrix Systems will post 3.93 EPS for the current year.
Citrix Systems declared that its board has approved a stock repurchase plan on Monday, November 13th that permits the company to repurchase $1.70 billion in shares. This repurchase authorization permits the cloud computing company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
In other Citrix Systems news, CFO Mark M. Coyle sold 2,500 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $88.90, for a total value of $222,250.00. Following the completion of the transaction, the chief financial officer now directly owns 36,012 shares in the company, valued at $3,201,466.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David J. Henshall sold 12,500 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $84.25, for a total value of $1,053,125.00. Following the completion of the transaction, the chief executive officer now owns 306,777 shares of the company’s stock, valued at $25,845,962.25. The disclosure for this sale can be found here. Insiders sold 98,530 shares of company stock valued at $8,448,117 over the last quarter. Corporate 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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