What Did This CEO Just Do with Personal Shares of Citrix Systems (NASDAQ: CTXS)?By Carrie Williams
In addition to Robert Calderoni, 7 other CTXS executives reported Sell trades in the last month. Following Robert Calderoni’s last CTXS Sell transaction on November 01, 2016, the stock climbed by 1.7%.
Based on Citrix Systems’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $841 million and quarterly net profit of $132 million. In comparison, last year the company earned revenue of $813 million and had a net profit of $55.93 million. The company has a one year high of $90 and a one year low of $60.91. CTXS’s market cap is $13.5B and the company has a P/E ratio of 29.01.
CTXS is a controversial stock, with 5 analysts recommending Buy, while 3 recommends selling the stock. Eight different firms, including Berenberg Bank and Merrill Lynch, currently also have a Sell rating on the stock. Based on 10 analyst ratings, the analyst consensus is Hold with an average price target of $90.44, reflecting a -4.1% downside.
The insider sentiment on Citrix Systems has been negative according to 105 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Citrix Systems, Inc. designs, develops and markets technology solutions. The company provides transition to software-defining the workplace, uniting virtualization, mobility management, networking and SaaS solutions to enable new ways for businesses and people to work better. Its solutions power business mobility through secure, mobile workspaces that provide people with instant access to apps, desktops, data and communications on any device, over any network or cloud. The company operates its business through two divisions: Enterprise & service provider and Mobility apps. The Enterprise & service provider division is comprised of workspace services, mobile and delivery networking products. The Mobility apps division is comprised of communications cloud, documents cloud and workflow cloud products. Citrix Systems was founded by Edward E. Iacobucci on April 17, 1989 and is headquartered in Fort Lauderdale, FL.