The company is expected to report earnings of $1.67/share on revenue of $800.7 million. The consensus earnings per share (EPS) of $1.67/share is based on a poll of 16 analysts and represents a decline of -0.3% over the same quarter last year when the company reported earnings of $1.67/share.
The revenue forecast of $800.7 million based on a poll of 13 analysts implies a year-over-year (YoY) decline of -0.1%. Last year the company reported $801.9 million in revenue for the quarter.
|Metric||Expected||Prior Year||YoY Change|
Earnings Call Trends
Historically, management has exceeded analyst expectations 7 out of the last 8 tracked quarters, and missed expectations 1 quarter.
What are your expectations from Citrix Systems for earnings this quarter? Let us know in the comments!
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report.
After the last earnings report for the period ending September 30, 2019, the stock price reacted by increasing by 1.9%.
|Report Date||Price Day Prior||Price Next Day||Change %||Result|
Fundamentals And Technical Analysis
Citrix Systems is currently trading at $118/share, up 0.7% for the day. The company is trading at approximately 100.0% of its 52-week high of $117.47/share. The company’s stock price is up 11.7% since the last earnings report and up 2.6% over the previous week.
The company’s 14 Day Relative Price Index (RSI) of 74.20 suggests the company is trading in technically overbought territory. The RSI is considered overbought when above 70 and oversold when below 30.
The current share price implies a price-to-earnings (P/E) multiple of 23.8x and a forward P/E multiple of 20.2x. Citrix Systems’s current share price also implies a price-to-book (P/B) multiple of 21.4x. The following table summarizes some other key fundamental ratios:
|Last Fiscal Period||FY2019.Q3|
|Period End Date||September 30, 2019|
|Stock Price (Current)||$118|
|P/E Ratio (Fwd)||20.2x|
|Total Debt to Capital (%)||6.2%|
|Levered Free Cash Flow||$717.9 million|
|Enterprise Value / EBITDA||21.0x|
Company Profile: Citrix Systems, Inc.
Citrix Systems, Inc. is a large-cap stock with a market capitalization of $15.264 billion and a total enterprise value of $15.726 billion. The company operates in the Information Technology sector and the Software industry.
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 data centers; 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.
Its workspace services also comprise Citrix Endpoint Management enterprise mobility management solutions; and Citrix Workspace Suite, which provides apps, desktops, branch networking and WAN, enterprise mobility management, and data people need for business productivity. In addition, the company offers networking products comprising Citrix ADC, a software-defined application delivery controller designed for organizations undergoing digital transformation; and Citrix SD-WAN that enhances applications delivered from the legacy data center, cloud, or SaaS. Further, it provides content collaboration offerings that include Citrix Content Collaboration, a cloud-based file sharing, and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices for businesses.
Additionally, the company offers support, hardware maintenance, professional consulting, and product training, and certification services. It markets and licenses its products through resellers, distributors, systems integrators, independent software vendors, original equipment manufacturers, and service providers. The company was formerly known as Citrus Systems, Inc.
Citrix Systems, Inc. was founded in 1989 and is headquartered in Fort Lauderdale, Florida.