Jefferies Group LLC Reiterates Sell Rating for Citrix Systems, Inc. (NASDAQ:CTXS)

Citrix Systems, Inc. (NASDAQ:CTXS)‘s stock had its “sell” rating restated by research analysts at Jefferies Group LLC in a report issued on Friday. They presently have a $61.00 target price on the cloud computing company’s stock. Jefferies Group LLC’s price target would indicate a potential downside of 18.24% from the company’s current price.

Several other equities analysts also recently weighed in on the company. MKM Partners reissued a “buy” rating and set a $90.00 price target (down previously from $95.00) on shares of Citrix Systems in a research report on Wednesday. Barclays PLC reissued an “overweight” rating and set a $90.00 price target (up previously from $87.00) on shares of Citrix Systems in a research report on Wednesday. Stifel Nicolaus reissued a “hold” rating and set a $77.00 price target on shares of Citrix Systems in a research report on Wednesday. BidaskClub downgraded Citrix Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $85.00 price objective on shares of Citrix Systems in a report on Monday, July 31st. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $89.25.

Citrix Systems (CTXS) opened at 74.61 on Friday. The firm’s 50-day moving average price is $79.66 and its 200-day moving average price is $80.99. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 25.14 and a beta of 1.49. Citrix Systems has a 1-year low of $64.18 and a 1-year high of $87.99.

Citrix Systems (NASDAQ:CTXS) last released its quarterly earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.02. The company had revenue of $693 million for the quarter, compared to analysts’ expectations of $690.83 million. Citrix Systems had a return on equity of 31.07% and a net margin of 15.08%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 EPS. On average, equities research analysts anticipate that Citrix Systems will post $4.63 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. boosted its position in shares of Citrix Systems by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 134,785 shares of the cloud computing company’s stock worth $11,239,000 after buying an additional 4,458 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Citrix Systems by 14.3% in the first quarter. Raymond James Trust N.A. now owns 3,604 shares of the cloud computing company’s stock worth $300,000 after buying an additional 452 shares in the last quarter. Creative Planning boosted its position in shares of Citrix Systems by 12.4% in the first quarter. Creative Planning now owns 3,181 shares of the cloud computing company’s stock worth $265,000 after buying an additional 351 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Citrix Systems by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 48,935 shares of the cloud computing company’s stock worth $4,080,000 after buying an additional 600 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Citrix Systems by 2.6% in the first quarter. Quadrant Capital Group LLC now owns 1,396 shares of the cloud computing company’s stock worth $113,000 after buying an additional 35 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

About Citrix Systems

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.

Analyst Recommendations for Citrix Systems (NASDAQ:CTXS)

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