Stephens Initiates Coverage on Citrix Systems (CTXS)

By admin | 6 years ago

Research analysts at Stephens assumed coverage on shares of Citrix Systems (NASDAQ: CTXS) in a report released on Thursday. The firm set an “overweight” rating on the stock.

Shares of Citrix Systems traded up 0.80% during mid-day trading on Thursday, hitting $75.84. Citrix Systems has a 52 week low of $50.21 and a 52 week high of $88.49. The company has a market cap of $14.121 billion and a P/E ratio of 40.65.

Citrix Systems last announced its earnings results on Wednesday, April 25th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.09. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, analysts predict that Citrix Systems will post $0.72 earnings per share next quarter.

A number of other analysts have also recently weighed in on CTXS. Analysts at Stifel Nicolaus initiated coverage on shares of Citrix Systems in a research note to investors on Friday, May 4th. They set a “buy” rating and a $100.00 price target on the stock. Separately, analysts at UBS AG (NYSE: UBS) reiterated a “neutral” rating on shares of Citrix Systems in a research note to investors on Thursday, April 26th. Finally, analysts at Credit Suisse (NYSE: CS) raised their EPS on shares of Citrix Systems in a research note to investors on Thursday, April 26th. They now have a “neutral” rating and a $72.50 price target on the stock.

Citrix Systems, Inc. designs, develops and markets technology solutions that enable information technology (IT) services.

About the author