Citrix Systems, Inc. (NASDAQ:CTXS) announced a dividend on Wednesday, October 23rd, Fidelity reports. Investors of record on Friday, December 6th will be paid a dividend of 0.35 per share by the cloud computing company on Friday, December 20th. The ex-dividend date is Thursday, December 5th.
Shares of NASDAQ CTXS traded down $0.80 during trading on Tuesday, hitting $111.11. The company had a trading volume of 21,607 shares, compared to its average volume of 1,779,422. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 4.46 and a beta of 1.06. The stock has a fifty day simple moving average of $108.75 and a two-hundred day simple moving average of $99.13. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 1.35. Citrix Systems has a fifty-two week low of $90.28 and a fifty-two week high of $114.73.
Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Thursday, October 24th. The cloud computing company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.27. Citrix Systems had a net margin of 21.33% and a return on equity of 97.57%. The firm had revenue of $733.00 million during the quarter, compared to the consensus estimate of $715.05 million. During the same quarter in the prior year, the firm earned $1.40 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts anticipate that Citrix Systems will post 3.85 earnings per share for the current year.
In related news, CAO Jessica Soisson sold 5,400 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $96.33, for a total value of $520,182.00. Following the completion of the transaction, the chief accounting officer now directly owns 32,797 shares in the company, valued at $3,159,335.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Calderoni sold 11,893 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $110.04, for a total value of $1,308,705.72. Following the completion of the transaction, the director now owns 77,518 shares of the company’s stock, valued at $8,530,080.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,311 shares of company stock valued at $5,128,666. 0.54% of the stock is owned by company insiders.
Several analysts recently issued reports on the stock. ValuEngine raised shares of Citrix Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. BidaskClub downgraded Citrix Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 28th. Jefferies Financial Group upgraded Citrix Systems from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $80.00 to $105.00 in a research report on Tuesday, October 29th. Wedbush reissued a “hold” rating and set a $92.00 price objective on shares of Citrix Systems in a research note on Friday, October 25th. Finally, Barclays set a $107.00 target price on Citrix Systems and gave the company a “hold” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $105.33.
About Citrix Systems
Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.
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