U.S. networking software company Citrix Systems Inc has been exploring strategic alternatives including a potential sale, Bloomberg yesterday reported, citing anonymous sources. During the same period in the previous year, the company posted $1.50 earnings per share. Following the transaction, the director now directly owns 10,276 shares in the company, valued at approximately $923,915.16. Zacks Investment Research lowered Citrix Systems from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 31st. The stock's 50 day moving average price is $77.90 and its 200-day moving average price is $71.53.
Citrix Systems, Inc. (NASDAQ:CTXS)'s growth estimate is -19.5 percent for the current quarter. As a standalone public company, however, we think Citrix will struggle to grow its top-line, and the firm has largely extracted as much margin expansion as we would reasonably expect over the last few years (non-GAAP operating margins expanded 900 basis points in the last two years to 30.8% in fiscal 2016). Insiders have sold 17,886 shares of company stock worth $1,479,982 in the last three months. Institutional investors and hedge funds own 95.94% of the company's stock.
Citrix Systems, Inc. (NASDAQ:CTXS) performance during the last one year Improved 34.06 percent, while its year to date (YTD) performance showed a Positive trend of 15.33 percent. These analysts have also projected a Low Estimate of $0.93/share and a High Estimate of $1.07/share. Fox Run Management L.L.C. purchased a new position in Citrix Systems during the third quarter worth $230,000. Global X Management Co. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 24.05 and a beta of 1.63. On the latter point, it appears those talks have been renewed, with news outlet Reuters reporting private equity firm Thoma Bravo is among several PE shops looking at a potential Citrix acquisition. If you are reading this piece on another website, it was illegally stolen and republished in violation of USA and worldwide copyright and trademark law. Mn Services Vermogensbeheer B.V. now owns 3,976 shares of the cloud computing company's stock worth $339,000 after buying an additional 65 shares during the period. Raymond James Trust N.A. increased its stake in shares of Citrix Systems by 4.2% in the third quarter.
The company provides a portfolio of Workspace-as-a-Service, application delivery, virtualisation, mobility, network delivery and file sharing solutions that allows IT to make sure critical systems are securely available to users through the cloud or on-premise.