CTXS - Citrix Systems, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
95.72
-0.92 (-0.95%)
At close: 4:00PM EDT
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Previous Close96.64
Open96.53
Bid71.65 x 900
Ask95.71 x 800
Day's Range95.39 - 96.77
52 Week Range90.28 - 112.32
Volume1,426,330
Avg. Volume2,023,840
Market Cap12.53B
Beta (3Y Monthly)0.72
PE Ratio (TTM)25.72
EPS (TTM)3.72
Earnings DateOct 24, 2019
Forward Dividend & Yield1.40 (1.45%)
Ex-Dividend Date2019-09-05
1y Target Est109.07
Trade prices are not sourced from all markets
  • Citrix Systems Stock Could Reward Bottom Fishers
    Investopedia

    Citrix Systems Stock Could Reward Bottom Fishers

    Citrix shares may have ended a deep correction and could reward bottom fishers and the value crowd in the coming months.

  • 10 Battered Tech Stocks to Buy Now
    InvestorPlace

    10 Battered Tech Stocks to Buy Now

    The stock market, incredibly enough, is holding its own after a small stumble last week. Although not in full-blown rally mode, treading water while investors take some time to reassess where things are is a type of win in-and-of itself.Still, some groups have been hit harder than others, and some names within certain groups are lagging their sector-based benchmarks. Tech stocks are among the names that lost the most ground since the market-wide July peak. They've also been less than impressive on the way back up, held back by some names more so than others. * 10 Stocks to Sell in Market-Cursed September Not all of those laggards are necessarily names not worth owning, though. In fact, their recent weakness has made some of the top tech stocks even bigger and better bargains.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere's a rundown of the market's top tech stocks to buy while trading at beaten-down prices. Broadcom (AVGO)Source: Sasima / Shutterstock.com It has hardly been a disaster, but the 11% setback Broadcom (NASDAQ:AVGO) shares have suffered since their April peak is decidedly sub-par.Yes, fears about the trade impasse with China were a key part of this weakness, though not just fears of a slowdown. The company warned investors in June that the ban on doing business with Huawei Technologies would ultimately shave $2 billion worth of revenue off of its top line this year. The trade war is also pegged as the reason Broadcom was blocked from acquiring Qualcomm (NASDAQ:QCOM) … a deal that would have proven a boon here at the advent of 5G connectivity.Capitalism finds a way. Even if the trade meeting planned between President Donald Trump and China's President Xi Jinping for October isn't progressive, analysts are still modeling slow and steady profit growth for this year and next. Per-share earnings should be up 10% next year. FireEye (FEYE)Source: Michael Vi / Shutterstock.com As of December, it looked like FireEye (NASDAQ:FEYE) had finally escaped its funk. Fueled by continued sales growth and a move deeper into operational profitability, at the time, FEYE stock was up nearly 90% from its early 2017 lows.The market changed its mind once again though. Despite the fact that the cybercrime and hacking threat only worsens every year, investors sold off their stakes in the small cybersecurity name. Since December, FireEye shares have fallen 30%. The tepid guidance issued as part of last quarter's earnings report accounted for a sizeable chunk of that weakness. * 7 Low-Risk Mutual Funds to Buy Now The pullback may have created an opportunity to step into a now-undervalued name, however. As Bank of America's Tal Liani opined after FireEye's quarterly report, the phase-out of its third generation product and launch of its fifth-generation product is all but complete, setting the stage for a full recovery of gross margins. Citrix Systems (CTXS)Source: Shutterstock Citrix Systems (NASDAQ:CTXS) allows enterprises and institutions to get more out of their IT infrastructure. More than just networked computers, Citrix offers tools and apps to let teams collaborate and communicate.The market for such platforms is robust, but so is the competition. Citrix perpetually seems to be a step ahead of the others, securing the best deals. Case in point? Last month, Citrix Systems announced it would be the name to develop a "desktop as a service" solution for software giant Microsoft (NASDAQ:MSFT).Partnerships like that are the reason the company has been able to make slow and steady progress. Subscription-based revenue, up 41% a quarter ago, adds more stability to its top and bottom lines.CTXS stock is down 18% since the end of August of last year, but now valued at less than sixteen times next year's projected earnings, the worst may all be in the past. Dell Technologies (DELL)Yes, this is the same Dell Technologies (NYSE:DELL) that was started by Michael Dell in 1984, only to be taken private in 2013. Through a complicated corporate structure involving VMware (NYSE:VMW), it became a publicly-traded entity again.The backstory seems irrelevant given the weak demand for personal computers right now. Except the environment isn't as weak as it seemed to be as recently as the first quarter of this year … at least not for Dell. Though last quarter's top line was only up 1%, it was up 1% when most of its rivals saw their sales decline. Earnings of $2.15 per share of DELL stock also trounced estimates for a profit of only $1.50. * 10 Buy-and-Hold Stocks to Own Forever As Raymond James analyst Simon Leopold put it, Dell is "a nice house in a tough neighborhood." II-VI (IIVI)Source: Shutterstock When most investors are looking for tech stocks to buy, II-VI (NASDAQ:IIVI) isn't a name that often comes to mind. Indeed, II-VI likely isn't even a name most investors have even heard of. Aside from the odd moniker, with a market cap of only $2.4 billion, the optoelectronic components company doesn't get much in the way of the media's attention.Don't let its small size fool you. II-VI packs a punch. Last quarter's top line improved to the tune of 13%, and operating profits grew 29%.Disappointing guidance negated those strong quarterly results, allowing a long-standing dry spell for IIVI stock to grow a little longer. Shares are now priced at 25% less than early-2018 peak value. With more of the same kind of earnings and profit growth translating into a forward-looking P/E of 11.65, II-VI looks like a lower-risk, bargain-priced pickup particularly now that it's going to merge with Finisar (NASDAQ:FNSR). Oracle (ORCL)Source: Jonathan Weiss / Shutterstock.com All too often, Oracle (NYSE:ORCL) appears to be a proverbial punching bag. From being criticized for not offering 'real' cloud-based solutions to being on the wrong side of a legal argument with the Defense Department to downplaying its own MySQL platform if hosted by a competitor, the company can't catch a break.Yet, the stock continues to march forward. It's anything but a straight-line march. After rallying from its late-2018 low near $43 to the July high near $60, ORCL stock fall back to nearly $51 last month. Now it's approaching $55 again. * 8 Precious Metals Stocks to Mine For If you can stomach the headline-driven volatility, these dips have proven great entry points. That may have something to do with the fact that Oracle rarely fails to grow its top and bottom lines, regardless of alarming headlines. Teladoc Health (TDOC)Teladoc Health (NYSE:TDOC) isn't profitable and probably won't be for a long, long time. Ergo, it's not a holding that's right for everybody's portfolio. If you understand the risks and nuances involved with a young startup though, TDOC stock has earned a spot in a list of stocks to buy for the story, even if not for the results.Teladoc Health, in simplest terms, offers virtual doctor's visits by using the internet to allow patients to make video calls to physicians. The company's doctors can even write prescriptions for users of the service.It's certainly out of the ordinary, or was anyway. It has quickly becoming the norm, so much so that Walgreens Boots Alliance (NASDAQ:WBA) has launched an app to help its customers find a telehealth option that's often more convenient than going to a clinic.Further validating the idea is raw growth. Teladoc's top line is on pace to grow 30% this year, and 25% next year. ServiceNow (NOW)Source: Shutterstock Last week, information technology sector research outfit Gartner put software company ServiceNow (NYSE:NOW) in its so-called magic quadrant … for the sixth year in a row. The accolade means not only is ServiceNow's core product a game-changer, but the company also delivers IT service management better than any other players in the same sliver of the tech world.Gartner's lofty opinion doesn't inherently make NOW stock a buy. But, in some regards, ServiceNow's results reflect how Gartner feels. This year's revenue is projected to be up nearly 33%, while next year's is forecasted to improve almost 29%. Earnings are growing commensurately with revenue. * 7 Cheap Energy Stocks to Buy as the Sector Lights Up It's also worth noting that, despite the 17% setback since its mid-July peak, analysts still collectively feel NOW stock merits a price target of $317.72. That's 25% better than the stock's present price. HP (HPQ)Source: Shutterstock HP (NYSE:HPQ), the consumer-facing half of 2015's split from the entity that would also spawn Hewlett Packard Enterprise (NYSE:HPE), has been more than a little roughed up lately. Tepid PC demand has dragged HP stock from its late-2016 peak of $85.76 to a multi-year low of near $36 earlier this month. The bounce back to the current price of $43 only wipes away a tiny portion of that loss.Bernstein analyst A.M. Sacconaghi made an interesting and valid point this week though, suggesting the sentiment surrounding HP stock was so pessimistic that it also serves as something of a floor.It's valuation certainly helps on that front. Although its future is fuzzy, priced at only seven times its trailing profits and a modest 8.5 times next year's expected earnings, investors have more than priced in the most extreme of headwinds. Cognizant Technology Solutions (CTSH)Source: Shutterstock Finally, add Cognizant Technology Solutions (NASDAQ:CTSH) to your list of tech stocks to buy after an unnecessarily severe selloff.As of the latest look, even with the rebound from its May low near $57, CTSH stock's current price around $64 is still 25% less than where shares were trading in March of last year. The selloff has nothing to do with a lack of growth or value though.While the all-purpose IT outfit has never been a high-growth machine, single-digit sales growth has been reliable for years thanks to the company's stature as, in Forrester Research's words, "a strong choice for a broad range of modernization and migration tasks, including accelerated cloud migration." Top-line growth should perk up again next year as well.The real hook here, however, is the stock's valuation. Priced at less than 15 times next year's expected earnings, there's a reason shares have already stopped falling and started testing the water of higher highs.As of this writing, James Brumley held a long position in FireEye. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post 10 Battered Tech Stocks to Buy Now appeared first on InvestorPlace.

  • Business Wire

    Citrix Delivers Expanded Network Protection through SD-WAN Solution with Palo Alto Networks

    The company today announced that it is collaborating with global cybersecurity leader Palo Alto Networks to enable easy deployment and management of next-generation firewalls within Citrix® SD-WAN, providing companies with added layers of security to protect their assets at branches and beyond. “Applications and workloads are migrating to the cloud at a very aggressive rate and security needs to follow them,” said Chalan Aras, Vice President, SD-WAN and Intelligent Traffic Management, Citrix.

  • GuruFocus.com

    Citrix Systems Inc (CTXS) CEO & PRESIDENT David J Henshall Sold $586,636 of Shares

    CEO & PRESIDENT of Citrix Systems Inc (30-Year Financial, Insider Trades) David J Henshall (insider trades) sold 6,353 shares of CTXS on 09/03/2019 at an average price of $92.34 a share. Continue reading...

  • Is It Smart To Buy Citrix Systems, Inc. (NASDAQ:CTXS) Before It Goes Ex-Dividend?
    Simply Wall St.

    Is It Smart To Buy Citrix Systems, Inc. (NASDAQ:CTXS) Before It Goes Ex-Dividend?

    It looks like Citrix Systems, Inc. (NASDAQ:CTXS) is about to go ex-dividend in the next 4 days. Ex-dividend means that...

  • Citrix (CTXS) Down 2.2% Since Last Earnings Report: Can It Rebound?
    Zacks

    Citrix (CTXS) Down 2.2% Since Last Earnings Report: Can It Rebound?

    Citrix (CTXS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Business Wire

    Citrix Drives Future of Application Development and Delivery

    It’s fueled by the rapid and efficient delivery of new applications that improve the way we think and operate. Recognizing this, Citrix Systems, Inc. (CTXS) is expanding its open source integrations, enabling companies to leverage modern, innovative cloud environments from a variety of leading providers to accelerate their move to the cloud and the results they can achieve. The company today announced that Citrix® ADC has achieved Red Hat OpenShift Operator Certification, which will allow it to provide IT organizations with another faster, flexible and consistent way to develop, test and deliver applications in Kubernetes environments at scale.

  • Business Wire

    Citrix Set to Launch Desktop as a Service Solution for Microsoft

    The company today announced the launch of Citrix® Managed Desktops, a cloud-hosted offering that enables organizations – regardless of their size or IT expertise - to provision Windows-based applications and desktops from the cloud to any device, anywhere in a simple, unified manner. It happens around the clock and globe on everything from PCs and laptops to phones, tablets and even watches,” said Carisa Stringer, Senior Director, Product Marketing, Desktop and Applications Group, Citrix. A turnkey service delivered in close collaboration with a robust ecosystem of Citrix partners, Citrix Managed Desktops provides everything needed to securely deliver Windows desktops and applications with simplicity and speed.

  • American City Business Journals

    Citrix names University of Miami alum as next CFO

    He will receive a sign-on bonus of $500,000 to be paid 180 days after his first day with Citrix, in addition to other compensation.

  • Business Wire

    Citrix Systems to Hold Financial Analyst Meeting and Announce Third Quarter 2019 Financial Results on Thursday, October 24

    Citrix Systems, Inc. (CTXS), today announced that, following the announcement of the appointment of Arlen Shenkman, executive vice president and chief financial officer as of September 9, 2019, it is rescheduling its financial analyst day to October 24, 2019, in New York City. Citrix will report financial results for the third quarter ended September 30, 2019 on Thursday, October 24, 2019 before the market opens. The financial analyst meeting will begin at 10:30 a.m. ET and discuss quarterly results, long term strategy, and business outlook.

  • Business Wire

    Citrix Announces Arlen Shenkman as Chief Financial Officer

    Citrix Systems, Inc. (CTXS) today announced that Arlen R. Shenkman has been appointed Executive Vice President and Chief Financial Officer (CFO), reporting to Citrix president and CEO, David Henshall, effective September 9, 2019. “Our cloud transformation, and the shift to a subscription model, is moving rapidly,” said Henshall. “This is a great opportunity to apply my cloud transformation experience to a company that is already progressing along its strategic path so well,” said Shenkman.

  • Business Wire

    Citrix a Leader in Unified Endpoint Management

    Citrix Systems, Inc. (CTXS) today announced that it has been positioned as a Leader in the August 2019 Gartner Magic Quadrant for Unified Endpoint Management (UEM) Tools* based on its ability to execute and completeness of vision. “At Citrix, we are focused on providing companies with a modern approach to managing the devices their employees need and prefer to use to get work done in a simple, secure and unified way,” said Calvin Hsu, Vice President, Product Marketing, Citrix. Serve up personalized access to the applications and insights employees need to be their most productive.

  • A Close Look At Citrix Systems, Inc.’s (NASDAQ:CTXS) 27% ROCE
    Simply Wall St.

    A Close Look At Citrix Systems, Inc.’s (NASDAQ:CTXS) 27% ROCE

    Today we are going to look at Citrix Systems, Inc. (NASDAQ:CTXS) to see whether it might be an attractive investment...

  • Business Wire

    IT and HR: A Not so Odd Couple

    Citrix Systems, Inc. (CTXS) It’s been said that happy employees equal happy customers. According to a new podcast published on the Briefings Direct Network, in joining forces, the functions can cut the noise and distractions that have employees down and create a superior work experience that boosts satisfaction, productivity, and overall business results.

  • The $200K Club: NetApp's median employee gets a pay boost to join the salary ranks of Google, Netflix and Facebook
    American City Business Journals

    The $200K Club: NetApp's median employee gets a pay boost to join the salary ranks of Google, Netflix and Facebook

    NetApp Inc. this year paid its median employee just shy of $200,000 — a level that puts it on par with some of Silicon Valley's biggest companies and represents a 26 percent jump, year-over-year.

  • GuruFocus.com

    Citrix Systems Inc (CTXS) CEO & PRESIDENT David J Henshall Sold $597,881 of Shares

    CEO & PRESIDENT of Citrix Systems Inc (30-Year Financial, Insider Trades) David J Henshall (insider trades) sold 6,353 shares of CTXS on 08/01/2019 at an average price of $94.11 a share. Continue reading...

  • Business Wire

    Citrix Executives to Present at Upcoming Investor Conferences

    Citrix Systems, Inc. (CTXS) today announced that executives will attend two upcoming investor conferences. Jessica Soisson, interim chief financial officer, will present at the Oppenheimer Technology, Internet and Communications Conference in Boston on August 6 at 9:05 a.m. Eastern. PJ Hough, executive vice president and chief product officer, will present at the Citi 2019 Global Technology Conference in New York on September 5 at 3:40 p.m. Eastern.

  • Thomson Reuters StreetEvents

    Edited Transcript of CTXS earnings conference call or presentation 24-Jul-19 8:45pm GMT

    Q2 2019 Citrix Systems Inc Earnings Call

  • Benzinga

    Citrix Analyst: 'Near-Term Pain For Long-Term Gain'

    Citrix's transition to focus on a subscription model is progressing faster than expected across its major business units and this was evident in Wednesday's earnings report, Ives wrote in a note. Ives said a shift towards a more visible business model is encouraging and the company deserves credit for its execution so far.

  • Citrix (CTXS) Earnings and Revenues Miss Estimates in Q2
    Zacks

    Citrix (CTXS) Earnings and Revenues Miss Estimates in Q2

    Citrix (CTXS) benefits from solid adoption of unified workspace solutions & rising customer base.

  • Citrix Systems Inc (CTXS) Q2 2019 Earnings Call Transcript
    Motley Fool

    Citrix Systems Inc (CTXS) Q2 2019 Earnings Call Transcript

    CTXS earnings call for the period ending June 30, 2019.

  • MarketWatch

    Citrix stock drops as earnings, outlook disappoint

    Citrix Systems Inc. shares dropped in the extended session Wednesday after the cloud-software company's quarterly results and outlook fell short of Wall Street estimates. Citrix shares fell 5.5% after hours, following a 0.2% rise in the regular session to close at $100.72. The company reported second-quarter net income of $93.5 million, or 70 cents a share, compared with $106.8 million, or 73 cents a share, in the year-ago period. Adjusted earnings were $1.21 a share. Revenue rose to $748.7 million from $742.4 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.34 a share on revenue of $772 million. Citrix expects adjusted earnings of $1.15 to $1.30 a share on revenue of $700 million to $720 million in the third quarter, and $5.35 to $5.60 a share on revenue of $2.97 billion to $3.01 billion for the year. Analysts had forecast earnings of $1.54 a share on revenue of $762.8 million for the third quarter, and $6.03 a share on revenue of $3.09 billion for the year.

  • Citrix Systems (CTXS) Misses Q2 Earnings and Revenue Estimates
    Zacks

    Citrix Systems (CTXS) Misses Q2 Earnings and Revenue Estimates

    Citrix (CTXS) delivered earnings and revenue surprises of -9.02% and -2.96%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Investing.com

    Citrix Systems Earnings, Revenue Miss in Q2

    Investing.com - Citrix Systems (NASDAQ:CTXS) reported second quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.