Citrix Systems Inc. [NASDAQ: CTXS] loss -7.57% on the last trading session, reaching $128.02 price per share at the time. The company report on April 29, 2021 that Citrix Reports First Quarter 2021 Financial Results.
Citrix Systems, Inc. (NASDAQ:CTXS) reported financial results for the first quarter ended March 31, 2021 by posting an earnings letter on its Investor Relations website at http://www.citrix.com/investors. Citrix will host a conference call at 8:15 a.m. ET to address questions.
The conference call may be accessed via webcast at http://www.citrix.com/investors. A replay of the audio webcast can be accessed for approximately 90 days on the Investor Relations section of the Citrix corporate website at http://www.citrix.com/investors.
Citrix Systems Inc. represents 122.80 million in outstanding shares, while the company has a total market value of $15.87 billion with the latest information. CTXS stock price has been found in the range of $124.00 to $130.92.
If compared to the average trading volume of 1.10M shares, CTXS reached a trading volume of 4185203 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Citrix Systems Inc. [CTXS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CTXS shares is $158.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CTXS stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Citrix Systems Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 21, 2021. While these analysts kept the previous recommendation, BofA Securities raised their target price to Underperform. The new note on the price target was released on April 13, 2021, representing the official price target for Citrix Systems Inc. stock. Previously, the target price had yet another raise to $206, while Citigroup analysts kept a Buy rating on CTXS stock.
The Average True Range (ATR) for Citrix Systems Inc. is set at 3.94, with the Price to Sales ratio for CTXS stock in the period of the last 12 months amounting to 4.90. The Price to Book ratio for the last quarter was 140.68, with the Price to Cash per share for the same quarter was set at 7.07. Price to Free Cash Flow for CTXS in the course of the last twelve months was 21.97 with Quick ratio for the last quarter at 0.90.
Trading performance analysis for CTXS stock
Citrix Systems Inc. [CTXS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.75. With this latest performance, CTXS shares dropped by -7.49% in over the last four-week period, additionally plugging by 7.16% over the last 6 months – not to mention a drop of -8.54% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CTXS stock in for the last two-week period is set at 30.02, with the RSI for the last a single of trading hit 20.85, and the three-weeks RSI is set at 36.55 for Citrix Systems Inc. [CTXS]. The present Moving Average for the last 50 days of trading for this stock 137.05, while it was recorded at 137.59 for the last single week of trading, and 134.50 for the last 200 days.
Citrix Systems Inc. [CTXS]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Citrix Systems Inc. [CTXS] shares currently have an operating margin of +19.18 and a Gross Margin at +82.73. Citrix Systems Inc.’s Net Margin is presently recorded at +15.59.
Return on Total Capital for CTXS is now 31.63, given the latest momentum, and Return on Invested Capital for the company is 26.34. Return on Equity for this stock inclined to 106.22, with Return on Assets sitting at 10.87. When it comes to the capital structure of this company, Citrix Systems Inc. [CTXS] has a Total Debt to Total Equity ratio set at 1,762.70. Additionally, CTXS Total Debt to Total Capital is recorded at 94.63, with Total Debt to Total Assets ending up at 40.42. Long-Term Debt to Equity for the company is recorded at 1,719.58, with the Long-Term Debt to Total Capital now at 92.32.
Reflecting on the efficiency of the workforce at the company, Citrix Systems Inc. [CTXS] managed to generate an average of $56,050 per employee. Receivables Turnover for the company is 4.10 with a Total Asset Turnover recorded at a value of 0.70.Citrix Systems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.
Citrix Systems Inc. [CTXS]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Citrix Systems Inc. posted 1.53/share EPS, while the average EPS was predicted by analysts to be reported at 1.23/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 24.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CTXS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Citrix Systems Inc. go to 13.00%.
An analysis of insider ownership at Citrix Systems Inc. [CTXS]
There are presently around $14,595 million, or 97.30% of CTXS stock, in the hands of institutional investors. The top three institutional holders of CTXS stocks are: VANGUARD GROUP INC with ownership of 13,875,501, which is approximately -2.643% of the company’s market cap and around 1.00% of the total institutional ownership; BLACKROCK INC., holding 12,836,128 shares of the stock with an approximate value of $1.64 billion in CTXS stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.31 billion in CTXS stock with ownership of nearly 196.056% of the company’s market capitalization.
Positions in Citrix Systems Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 342 institutional holders increased their position in Citrix Systems Inc. [NASDAQ:CTXS] by around 15,317,094 shares. Additionally, 342 investors decreased positions by around 12,812,838 shares, while 83 investors held positions by with 85,878,708 shares. The mentioned changes placed institutional holdings at 114,008,640 shares, according to the latest SEC report filing. CTXS stock had 98 new institutional investments in for a total of 1,088,104 shares, while 73 institutional investors sold positions of 2,367,643 shares during the same period.