Citrix Systems closed the most recent trading day at $141.19, moving +1.42% from the previous trading session. This change outpaced the S&P 500's 0.21% loss on the day. Meanwhile, the Dow lost 0.58%, and the Nasdaq, a tech-heavy index, lost 0.46%.
Investors will be hoping for strength from CTXS as it approaches its next earnings release. The company is expected to report EPS of $1.23, up 1.65% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $775.08 million, up 3.52% from the year-ago period.
CTXS's full-year Zacks Consensus Estimates are calling for earnings of $5.60 per share and revenue of $3.17 billion. These results would represent year-over-year changes of -1.58% and +5.27%, respectively.
Investors should also note any recent changes to analyst estimates for CTXS. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CTXS is currently a Zacks Rank #2 (Buy).
Looking at its valuation, CTXS is holding a Forward P/E ratio of 24.87. This valuation marks a discount compared to its industry's average Forward P/E of 31.23.
Also, we should mention that CTXS has a PEG ratio of 3.01. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Computer - Software stocks are, on average, holding a PEG ratio of 2.63 based on yesterday's closing prices.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 127, putting it in the top 50% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Citrix Systems (CTXS) Gains As Market Dips: What You Should Know
Citrix Systems closed the most recent trading day at $141.19, moving +1.42% from the previous trading session. This change outpaced the S&P 500's 0.21% loss on the day. Meanwhile, the Dow lost 0.58%, and the Nasdaq, a tech-heavy index, lost 0.46%.
Investors will be hoping for strength from CTXS as it approaches its next earnings release. The company is expected to report EPS of $1.23, up 1.65% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $775.08 million, up 3.52% from the year-ago period.
CTXS's full-year Zacks Consensus Estimates are calling for earnings of $5.60 per share and revenue of $3.17 billion. These results would represent year-over-year changes of -1.58% and +5.27%, respectively.
Investors should also note any recent changes to analyst estimates for CTXS. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CTXS is currently a Zacks Rank #2 (Buy).
Looking at its valuation, CTXS is holding a Forward P/E ratio of 24.87. This valuation marks a discount compared to its industry's average Forward P/E of 31.23.
Also, we should mention that CTXS has a PEG ratio of 3.01. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Computer - Software stocks are, on average, holding a PEG ratio of 2.63 based on yesterday's closing prices.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 127, putting it in the top 50% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.