Citrix Systems (CTXS) Receiving Somewhat Favorable News Coverage, Study Finds

News coverage about Citrix Systems (NASDAQ:CTXS) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Citrix Systems earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the cloud computing company an impact score of 45.6055475348846 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Shares of Citrix Systems (NASDAQ:CTXS) opened at 81.20 on Wednesday. Citrix Systems has a 52-week low of $64.79 and a 52-week high of $87.99. The stock’s 50 day moving average is $77.00 and its 200-day moving average is $80.36. The firm has a market cap of $12.30 billion, a P/E ratio of 27.36 and a beta of 1.49.

Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings results on Wednesday, August 2nd. The cloud computing company reported $0.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.02). The business had revenue of $693.00 million during 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 business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 earnings per share. Equities analysts anticipate that Citrix Systems will post $4.63 earnings per share for the current fiscal year.

Several research analysts recently commented on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $85.00 price target on shares of Citrix Systems in a report on Tuesday. Robert W. Baird set a $90.00 price target on shares of Citrix Systems and gave the company a “buy” rating in a report on Friday, October 6th. Zacks Investment Research lowered shares of Citrix Systems from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Wells Fargo & Company upgraded shares of Citrix Systems from a “market perform” rating to an “outperform” rating and raised their price target for the company from $82.50 to $95.00 in a report on Monday, October 2nd. Finally, BTIG Research restated a “neutral” rating on shares of Citrix Systems in a report on Wednesday, August 16th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $89.45.

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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.

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