Citrix, Other Top Stocks Break Out, Hit New Highs CTRX MSI TASR

Brokerage firm Barclays Maintains its rating on Citrix Systems(NASDAQ:CTXS).

Sell-side firms use a variety of different terms such a Buy, Sell and Hold to rate their outlook on stocks. The stock was purchased at an average price of $68.38 per share, for a total transaction of $7,897,890.00. The 12-month consensus target price for the stock is $76.54, which reflects an downside potential of 3.61% over the current price. The company has -32.70% return on equity value while its ROI ratio was -26.90%. (CTXS) hit a new 52-week high and has $108.03 target or 35.00% above today’s $80.02 share price. The 52-week high of Citrix Systems, Inc. 2,977,258 shares of the company were exchanged. Analysts’ consensus estimates were modeling lower 2015 revenue of $3.23 billion, and adjusted earnings of just $3.71 per share.

In other Citrix Systems news, Director Murray J. Demo sold 1,000 shares of Citrix Systems stock in a transaction on Monday, August 31st.

In after-hours trading on Wednesday, Citrix was up roughly 7% to $77.4, after the business software company released its third quarter (3Q) earnings, which were better than analysts’ estimates. The firm had revenue of $813 million for the quarter, compared to analyst estimates of $786.01 million. If the previously declared investment in Western Digital by Unisplendour Corporation Limited closes prior to this acquisition, Western Digital will pay $85.10 per share in cash and 0.0176 shares of Western Digital common stock per share of SanDisk common stock; and if the Unisplendour transaction has not closed or has been terminated, $67.50 in cash and 0.2387 shares of Western Digital common stock per share of SanDisk common stock. Following the completion of the sale, the director now directly owns 32,405 shares in the company, valued at $2,210,021.

Now what: For the full-year 2015, Citrix now expects revenue in the range of $3.24 billion to $3.25 billion, GAAP diluted earnings per share of $1.83 to $2.05, and adjusted diluted earnings per share of $3.85 to $3.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The disclosure for this sale can be found here.

Citrix Systems, Inc. provides virtualization, mobility administration, networking, and Software as a Service solutions worldwide. The Organization ‘s solutions offer secure, cellular workspaces that provide access to people to apps, desktop computers, information and communications on any device. It licenses and markets its products straight to customers. The Enterprise division and the Online Services division constitute its two segments. Enterprise and Service Provider division’s Workspace services comprise citrix workspace package, application and desktop computer virtualization, mobile platforms and delivery networking. Its Mobility Apps programs contain communications cloud, files cloud and workflow cloud. 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.