Citrix Is Working With Goldman Sachs on Potential Sale Process

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Citrix Is Working With Goldman Sachs on Potential Sale Process

Shares of Citrix Systems' stock popped higher on Monday, after Bloomberg reported that the company may be working with advisers on a possible sale. The company had Year Ago Sales of 825.68 Million.

Looking forward, the company is expected to report earnings of $0.95 per share for the current quarter. Reuters reported that Citrix declined to comment. The stock is now moving above its 20-Day Simple Moving Average of 11.7% with the 50-Day Simple Moving Average of 11.7 percent.

In case of Revenue Estimates, 19 analysts have provided their consensus Average Revenue Estimates for Citrix Systems, Inc.as 664.42 Million. As a standalone public company, however, we think Citrix will struggle to grow its top-line, and the firm has largely extracted as much margin expansion as we would reasonably expect over the last few years (non-GAAP operating margins expanded 900 basis points in the last two years to 30.8% in fiscal 2016). The average stock price target is $86.08 with five equity analysts rating the company a strong buy, nine equity analysts rating the company a buy, 15 firms rating the stock a hold, 2 analysts rating the company a underperform, and lastly zero analysts rating the company a sell. Following the transaction, the chief marketing officer now owns 64,566 shares of the company's stock, valued at $5,294,412.

Citrix Systems, Inc. (NASDAQ:CTXS) performance during the last one year Improved 34.06 percent, while its year to date (YTD) performance showed a Positive trend of 15.33 percent.

On 2/28/2017 Murray J Demo, Director, sold 1,000 with an average share price of $79.47 per share and the total transaction amounting to $79,470.00. Global X Management Co. The firm has a market capitalization of $12.82 billion, a P/E ratio of 24.05 and a beta of 1.63. Mn Services Vermogensbeheer B.V. raised its position in Citrix Systems by 1.7% in the third quarter. Raymond James Trust N.A. increased its stake in shares of Citrix Systems by 4.2% in the third quarter.

"We believe the company has likely explored strategic options as part of its overall review process over the last couple of years but there was no clear buyer", Lamba noted. Raymond James Trust N.A. now owns 3,035 shares of the cloud computing company's stock valued at $259,000 after buying an additional 122 shares during the period. Raymond James Trust N.A. now owns 3,035 shares of the cloud computing company's stock worth $259,000 after buying an additional 122 shares during the period.

Founded in 1989 by Ed Iacobucci, California-based Citrix is a multinational software company that provides server, application and desktop virtualization, networking, software as a service (SaaS), and cloud computing technologies.

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