Citrix Systems (NASDAQ:CTXS) Downgraded by William Blair to Market Perform

Citrix Systems stock has undergone multiple analysts rating changes in the recent past.  Citrix Systems Downgraded by William Blair on 10-12-21. In a note to investors, the firm issued a new rating of Market Perform. The analysts previously had rating of Outperform.

Shares of Citrix Systems traded down -$3.73 on Tuesday, reaching $90.95. 0 shares of the stock traded hands, compared to its average volume of 1631967. Shares of Citrix Systems were trading at $90.95 on Tuesday. The firm’s 50 day moving average is $104.55 and its 200 day moving average is $121.34.Citrix Systems has a 12 month low of $90.69 and a 12 month high of $146.94. While on yearly highs and lows, Citrix Systems’s today has traded high as $93.35 and has touched $90.69 on the downward trend. See More Analyst Rating at: RATING

Citrix Systems Earnings and What to expect: 

Citrix Systems last issued its quarterly earnings results on July 29th, 2021. The cloud computing company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.68. The company earned $812.11 million during the quarter, compared to analyst estimates of $845.15 million. Citrix Systems has generated $4.17 earnings per share over the last year ($2.88 diluted earnings per share) and currently has a price-to-earnings ratio of 31.6. Earnings for Citrix Systems are expected to grow by 28.63% in the coming year, from $2.55 to $3.28 per share. Citrix Systems has confirmed that its next quarterly earnings report will be published on Thursday, November 4th, 2021. Citrix Systems will be holding an earnings conference call on Thursday, November 4th at 8:15 AM Eastern. Interested parties can .

Earnings for Citrix Systems are expected to grow by 28.63% in the coming year, from $2.55 to $3.28 per share. The P/E ratio of Citrix Systems is 31.58, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.78. The P/E ratio of Citrix Systems is 31.58, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 39.11. Citrix Systems has a PEG Ratio of 3.29. PEG Ratios above 1 indicate that a company could be overvalued. Citrix Systems has a P/B Ratio of 99.95. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Citrix Systems (NASDAQ:CTXS) Moving Average Technical Analysis

5 day Moving Average is $98.82 And 5 day price change is -$15.52 (-14.58%)  with average volume for 5 day average is 2,082,800. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $106.55 and 20 day price change is -$18.63 (-17.00%) and average 20 day moving volume is 1,672,730. 50 day moving average is $104.55  and 50 day price change is -$12.62 ( -12.18%)  and with average volume for 50 days is : 1,766,258. 200 day moving average is $121.34  and 200 day price change is -$41.62 (-31.39%)  and with average volume for 200 days is : 1,398,182.

Other owners latest trading in Citrix Systems :

  • On 10/12/2021 shares held by Koshinski Asset Management Inc. were 1,063 which equates to market value of $0.11M and appx 0.00% owners of Citrix Systems
  • On 10/12/2021 shares held by Arden Trust Co were 9,545 which equates to market value of $1.03M and appx 0.20% owners of Citrix Systems
  • On 10/8/2021 shares held by FDx Advisors Inc. were 5,232 which equates to market value of $0.56M and appx 0.00% owners of Citrix Systems
  • In total Institutional ownership equates to Institutional Ownership Percentage: 89.25% for Citrix Systems

See More Analyst Rating at: RATING