Revenue Update on Citrix Systems(NASDAQ:CTXS)

Citrix Systems(NASDAQ:CTXS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $842.98M. Analysts estimated a revenue of $816.56M. Earnings per share were $1.20. Analysts had estimated an EPS of $1.14.

Citrix Systems (CTXS) made into the market gainers list on Fridays trading session with the shares advancing 0.08% or 0.07 points. Due to strong positive momentum, the stock ended at $89.13, which is also near the day’s high of $89.21. The stock began the session at $88.99 and the volume stood at 19,14,266 shares. The 52-week high of the shares is $90 and the 52 week low is $60.91. The company has a current market capitalization of $13,824 M and it has 15,51,02,010 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, Murray J Demo (director) sold 1,000 shares at $79.49 per share price.Also, On May 26, 2016, David J Henshall (EVP, COO & CFO) sold 24,139 shares at $85.00 per share price.On May 13, 2016, William Burley (CVP & Act. GM, Workspace Serv.) sold 1,253 shares at $83.05 per share price, according to the Form-4 filing with the securities and exchange commission.

Citrix Systems Inc. provides virtualization mobility management networking and SaaS solutions to businesses. The Company’s solutions offer secure mobile workspaces that provide people with access to apps desktops data and communications on any device over any network or cloud. It markets and licenses its products directly to customers. The Company operates through two segments: Enterprise and Service Provider division and the Mobility Apps division. Enterprise and Service Provider division’s Workspace services include mobile platforms desktop and application virtualization citrix workspace suite and delivery networking. Its Mobility Apps applications include communications cloud documents cloud and workflow cloud. It also offers Professional Services and Technology products which include Citrix HDX FlexCast Citrix personalization technologies NetScaler Software Packet Engine ByteMobile Adaptive Traffic Management System XenMobile and Citrix Internet among others.

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