Citrix Systems Stock Price Down 4.5% (CTXS)

Barclays now has a $82.00 PT on the $11.49 billion market cap company or 3.26% upside potential. If the $108.03 price target is reached, the company will be worth $4.05 billion more.

The Board’s previously declared CEO search procedure remains underway, led by a search committee consisting of Mr. Calderoni (committee chair), Godfrey R. Sullivan and Jesse A. Cohn, with the assistance of executive search firm, Heidrick & Struggles. Ratings of 1 or 2 typically represent a consensus Buy, while ratings of 3-5 indicate a consensus Hold or Sell on the stock.

Analysts, on average, were only expecting adjusted earnings of $0.84 per share on revenue of $786 million. Citrix Systems, Inc. (NASDAQ:CTXS): According to 16 Analysts, The short term target price has been estimated at $ 78.19.

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Citrix stock is now up $5.47, or 8%, at $77.39. Amongst them Citrix Systems (NASDAQ:CTXS), Texas Instruments (NASDAQ:TXN), and eBay Inc (NASDAQ:EBAY) registered gains of more than 10%. The company’s stock had a trading volume of 2,040,860 shares. Analysts’ consensus estimates were modeling lower 2015 revenue of $3.23 billion, and adjusted earnings of just $3.71 per share. The company’s 50-day moving average is $72.35 and its 200 day moving average is $69.81. Morgan Stanley boosted their price target on Citrix Systems from $66.00 to $70.00 and gave the company an equal weight rating in a report on Wednesday, July 29th. Also, Director Murray J. Demo sold 1,000 shares of the company’s stock in a transaction on Monday, August 31st. The business’s revenue was up 7.1% compared to the same quarter past year. Most recently, in August 2015, Elliott worldwide, L.P., a an Insider at CTXS bought 27,034 shares for a total of $1,851,829. Equities research analysts forecast that Citrix Systems will post $3.71 earnings per share for the current year. During the same period a year ago, the firm earned $0.75 EPS. The stock was sold at an average price of $67.87, for a total value of $339,350.00. Following the completion of the transaction, the director now directly owns 33,405 shares of the company’s stock, valued at approximately $2,291,917.05. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The disclosure for this sale can be found here.

According to Zacks, “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 Business ‘s options offer safe, mobile workspaces offering individuals with access to apps, desktop computers, data and communications over any network or cloud, on any device. It licenses and markets its products directly to customers. The Enterprise division and the Online Services division constitute its two segments. Additionally, it offers Technology products and Professional Services, which include Citrix HDX, FlexCast, Citrix personalization technologies, NetScaler Applications Packet Engine, ByteMobile Adaptive Traffic Management System, XenMobile and Citrix Internet, amongst others.