RBC Capital Sticks to Their Hold Rating for Citrix Systems

By Jason Carr

In a report released yesterday, Ross MacMillan from RBC Capital reiterated a Hold rating on Citrix Systems (NASDAQ: CTXS), with a price target of $85. The company’s shares opened today at $79.99.

According to TipRanks.com, MacMillan is a top 25 analyst with an average return of 24.1% and a 85.2% success rate. MacMillan covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Intralinks Holdings, and Verint Systems Inc.

Citrix Systems has an analyst consensus of Moderate Buy, with a price target consensus of $83.50.

Based on Citrix Systems’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $663 million and quarterly net profit of $27.62 million. In comparison, last year the company earned revenue of $843 million and had a net profit of $121 million.

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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.