Impact of Brokerage Rating on Citrix Systems, Inc.(CTXS)

Many Citrix Systems, Inc.(CTXS) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Citrix Systems was Reiterated by Mizuho on Feb 2, 2017 to Buy, Lowers Price Target to $ 85 from a previous price target of $100 .Citrix Systems was Initiated by Wells Fargo to Market Perform on Jan 11, 2017. Company shares were Upgraded by Mizuho on Dec 5, 2016 to Buy, Raises Price Target to $ 100 from a previous price target of $90 .

Company has reported several Insider transactions to the SEC, on Feb 1, 2017, Murray J Demo (director) sold 1,000 shares at 89.91 per share price.On Dec 12, 2016, David J Henshall (EVP, COO & CFO) sold 2,374 shares at 90.00 per share price.On Dec 7, 2016, Klaus Oestermann (SVP & GM, Delivery Networks) sold 743 shares at 86.61 per share price.

Citrix Systems Last issued its quarterly earnings results on Jan 25, 2017. The company reported $1.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.12. Analyst had a consensus of $1.49. The company had revenue of $908.40 million for the quarter, compared to analysts expectations of $901.34 million. The companys revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS.

Citrix Systems, Inc. (NASDAQ:CTXS) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2.54 by 16 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 7 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell. A sell rating was given by 2 analyst.

Citrix Systems, Inc. (NASDAQ:CTXS) should head towards $86.46 per share according to 13 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $62 per share. The higher price estimate target is at $100 according to the Analysts.

Citrix Systems, Inc. (NASDAQ:CTXS) rose 0.19% or 0.15 points on Tuesday and made its way into the gainers of the day. After trading began at $78.6 the stock was seen hitting $79.36 as a peak level and $78.05 as the lowest level. The stock ended up at $78.93. The daily volume was measured at 2,234,871 shares. The 52-week high of the share price is $79.375 and the 52-week low is $51.069407. The company has a market cap of $12,310 million.

Citrix Systems, Inc. is one of the leading suppliers of application delivery and management software and services that enable the effective and efficient enterprise-wide deployment and management of applications. The companys products permit organizations to deploy and manage applications without regard to location, network connection, or type of client hardware platform.


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