Citrix Systems (CTXS) Receiving Somewhat Favorable Media Coverage, Accern Reports

News coverage about Citrix Systems (NASDAQ:CTXS) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Citrix Systems earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the cloud computing company an impact score of 47.7678556388602 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

Several research firms have weighed in on CTXS. Stifel Nicolaus raised their target price on shares of Citrix Systems from $105.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, July 26th. Morgan Stanley raised their target price on shares of Citrix Systems from $92.00 to $101.00 and gave the company an “underweight” rating in a report on Thursday, July 26th. Cowen restated a “hold” rating and set a $120.00 target price on shares of Citrix Systems in a report on Thursday, July 26th. Robert W. Baird restated a “hold” rating and set a $120.00 target price on shares of Citrix Systems in a report on Thursday, July 26th. Finally, BidaskClub downgraded shares of Citrix Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $113.21.

NASDAQ:CTXS opened at $110.97 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17. Citrix Systems has a twelve month low of $73.33 and a twelve month high of $116.82. The stock has a market cap of $15.12 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 2.91 and a beta of 1.15.

Citrix Systems (NASDAQ:CTXS) last posted its earnings results on Wednesday, July 25th. The cloud computing company reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.08. Citrix Systems had a net margin of 3.23% and a return on equity of 64.77%. The firm had revenue of $742.36 million during the quarter, compared to the consensus estimate of $716.33 million. During the same period last year, the firm posted $103.00 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. research analysts forecast that Citrix Systems will post 4.2 EPS for the current year.

In other Citrix Systems news, SVP Timothy A. Minahan sold 11,688 shares of the firm’s stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $105.05, for a total transaction of $1,227,824.40. Following the sale, the senior vice president now directly owns 69,384 shares of the company’s stock, valued at approximately $7,288,789.20. 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 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $105.81, for a total transaction of $1,058,100.00. Following the sale, the chief executive officer now directly owns 344,236 shares in the company, valued at $36,423,611.16. The disclosure for this sale can be found here. Insiders have sold a total of 38,072 shares of company stock worth $4,046,186 over the last ninety days. 0.56% of the stock is owned by corporate insiders.

About Citrix Systems

Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.

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Insider Buying and Selling by Quarter for Citrix Systems (NASDAQ:CTXS)

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