Equities research analysts at Susquehanna reduced their price target on shares of Citrix Systems (NASDAQ:CTXS) from $85.00 to $78.00 in a research note issued to investors on Thursday, American Banking & Market News reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price objective points to a potential upside of 32.77% from the stock’s previous close.
Shares of Citrix Systems (NASDAQ:CTXS) traded down 11.87% during mid-day trading on Thursday, hitting $58.75. 15,448,225 shares of the company’s stock traded hands. Citrix Systems has a 52 week low of $56.57 and a 52 week high of $77.16. The stock’s 50-day moving average is $71.81 and its 200-day moving average is $67.71. The company has a market cap of $11.009 billion and a price-to-earnings ratio of 39.92.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $730.00 million for the quarter, compared to the consensus estimate of $710.19 billion. During the same quarter last year, the company posted $0.71 earnings per share. Citrix Systems’s revenue was up 18.7% compared to the same quarter last year. On average, analysts predict that Citrix Systems will post $3.09 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on CTXS. Analysts at Jefferies Group cut their price target on shares of Citrix Systems from $84.00 to $78.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at FBN Securities cut their price target on shares of Citrix Systems from $80.00 to $70.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Citrix Systems from $85.00 to $79.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $77.96.
Citrix Systems, Inc designs, develops and markets technology solutions that enable information technology (NASDAQ:CTXS) services.
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