Citrix Systems, Inc. (NASDAQ:CTXS) is reporting third quarter earnings results on Thursday 22nd October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.24 per share.
For the full year, analysts predict revenues of $ 3204.95 million, while looking forward to income of $ 5.84 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.20 ~ $ 1.25 per share, while revenues are expected in a range of $ 750.00 million ~ $ 760.00 million
Full Year 2020 topline are forecasted in a range of$ 3,180.00 million ~ $ 3,210.00 million, where as bottomline are predicted in a range of $ 5.65 ~ $ 5.85 per share
Click Here For More Historical Outlooks Of Citrix Systems, Inc.
Previous Quarter Performance
Citrix Systems, Inc. revealed income for the second quarter of $ 1.53 per share, from the revenue of $ 798.93 million. The quarterly earnings escalated 26.45 percent while revenues increased 3.51 percent compared with the same quarter last year.
Wall street analysts are predicting, CTXS to report 2Q20 income of $ 1.23 per share from revenue of $ 768.82 million. The bottom line results beat street analysts by $ 0.3 or 24.39 percent, at the same time, top line results outshined analysts by $ 30.11 million or 3.92 percent.
Stock Performance
Shares of Citrix Systems, Inc. traded up $ 0.55 or 0.40 percent on Wednesday, reaching $ 137.27 with volume of 648.70 thousand shares. The stock opened down for the day at $ 136.68, after closing the previous day trading at $ 136.72.
According to the previous trading day, closing price of $ 136.72, representing a 36.30 % increase from the 52 week low of $ 100.31 and a 21.23 % decrease over the 52 week high of $ 173.56.
The company has a market capital of $ 16.96 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 14th October 2020, initiated by UBS Group at Neutral rating, with $ 146.00 target price.
Recent Stock Dividend Announcement
On July 23, 2020, the board of directors authorized quarterly dividend of $ 0.35 per share to holders of record as of the close of business on September 11, 2020, with payment date of September 25, 2020 and ex-dividend date on September 10, 2020.
Conference Call
Citrix Systems, Inc. will be hosting a conference call at 8:15 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.citrix.com
Citrix Systems, Inc. provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.
