Citrix Systems Inc. (CTXS, $57.23, -$2.43, -4.08%) shares fall on fears September bookings may miss expectations after a sterling second quarter. Credit Suisse projects sequential decline in XenDesktop bookings and license revenue, hurt by limp license sales in EMEA. A Mizuho Securities analyst said the Street had ignored prior warnings that bookings would slow. Citrix is also seeing residual pressure from last week's selloff in data-center space after a revenue warning from Equinix Inc. (EQIX, $73.00, -$1.92, -2.56%).
In a research report published Tuesday, Bhavan Suri, an analyst with William Blair & Co., predicted that Citrix would announce revenue and earnings ahead of expectations.
“In our view, revenue should be $5 million to $10 million above the high end of management’s guidance of $450 million-$460 million,” Suri wrote. He said he expected non-GAAP earnings to be 2 cents to 3 cents above consensus expectations of 49 cents.
According to Yahoo Finance, five analysts rate the company at “strong buy,” six rate it “buy,” 20 rate it “hold,” and two rate it “underperform.” No analysts rate it “sell.”