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Last $75.27 USD
Change Today +5.64 / 8.10%
Volume 6.3M
CTXS On Other Exchanges
Symbol
Exchange
NASDAQ GS
Mexico
Frankfurt
As of 8:10 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

citrix systems inc (CTXS) Snapshot

Open
$73.00
Previous Close
$69.63
Day High
$76.70
Day Low
$72.82
52 Week High
07/29/15 - $76.70
52 Week Low
01/14/15 - $56.47
Market Cap
12.1B
Average Volume 10 Days
1.5M
EPS TTM
$2.07
Shares Outstanding
160.3M
EX-Date
--
P/E TM
36.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for CITRIX SYSTEMS INC (CTXS)

citrix systems inc (CTXS) Details

Citrix Systems, Inc. provides virtualization, mobility management, networking, and Software as a Service solutions worldwide. The company’s Enterprise and Service Provider division offers XenMobile Enterprise, a solution to manage mobile devices, apps, and data; XenDesktop, a desktop virtualization system that gives customers the flexibility to deliver desktops and applications as cloud services; Citrix XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients; and Citrix Workspace Suite, a business mobility solution that delivers the user experience for any app or desktop. This segment also offers delivery networking products comprising NetScaler, a Web application delivery controller; ByteMobile Smart Capacity solutions that help mobile network operators to address traffic challenges and revenue opportunities of the mobile data revolution; and CloudBridge, which connects enterprise datacenters to any end point required of network branches, public and private clouds, data centers, and other third party providers. Its Mobility Apps division provides communications cloud products, such as GoToMeeting for online meetings, sales demonstrations, and collaborative gatherings; GoToWebinar, a do-it-yourself Webinar product; GoToTraining, a secure online training product; and OpenVoice, an audio conferencing service. This division also provides documents cloud products, including ShareFile, a cloud-based file sharing and storage solution for businesses; and GoToMyPC, an online service that enables mobile workstyles by providing remote access to a PC or Mac from virtually any Internet-connected computer, as well as from supported iOS or Android mobile devices. In addition, it offers workflow cloud products that include GoToAssist, which offers cloud-based IT support solutions. The company, formerly known as Citrus Systems, Inc., was founded in 1989 and is headquartered in Fort Lauderdale, Florida.

10,081 Employees
Last Reported Date: 02/19/15
Founded in 1989

citrix systems inc (CTXS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $900.0K
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $666.3K
Chief of Staff at Office of the Chief Executi...
Total Annual Compensation: $524.6K
Compensation as of Fiscal Year 2014.

citrix systems inc (CTXS) Key Developments

Citrix Systems, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter Ending September 30, 2015 and Fiscal Year Ending December 31, 2015

Citrix Systems, Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the second quarter of 2015, the company achieved total net revenues of $796.759 million, compared to $781.560 million in the second quarter of fiscal year 2014, representing 2% revenue growth. Income from operations was $122.149 million against $54.419 million a year ago. Income before income taxes was $110.727 million against $51.028 million a year ago. Net income was $103.275 million against $53.024 million a year ago. Earnings per common share-diluted were $0.64 against $0.31 a year ago. GAAP net income includes net tax benefits of approximately $21 million, or $0.13 per diluted share, for the second quarter of fiscal year 2015 and approximately $9 million, or $0.05 per diluted share, for the second quarter of fiscal year 2014 primarily related to the closing of audits with the IRS for certain tax years. In addition, GAAP results for the second quarter of fiscal year 2015 include restructuring charges of $15 million for severance and facility closing costs related to the 2015 restructuring program. Non-GAAP net income for the second quarter of fiscal year 2015 was $162.733 million, or $1.00 per diluted share, compared to $141.932 million, or $0.83 per diluted share for the second quarter of fiscal year 2014. Non-GAAP net income includes net tax benefits of approximately $21 million, or $0.13 per diluted share, for the second quarter of fiscal year 2015 and approximately $9 million, or $0.05 per diluted share, for the second quarter of fiscal year 2014 primarily related to the closing of audits with the IRS for certain tax years. Cash flow from operations was $201 million for the second quarter of fiscal year 2015, compared with $204 million for the second quarter of fiscal year 2014. For the six months, the company reported total net revenues of $1,557.561 million against $1,532.379 million a year ago. Income from operations was $173.881 million against $126.306 million a year ago. Income before income taxes was $146.324 million against $119.783 million a year ago. Net income was $132.162 million against $108.963 million a year ago. Earnings per common share-diluted were $0.82 against $0.61 a year ago. Net cash provided by operating activities was $493.018 million and purchases of property and equipment was $80.005 million. The company provided earnings guidance for the third quarter ending September 30, 2015 and fiscal year ending December 31, 2015. For the third quarter, the company expects to achieve the following results for the third quarter of fiscal year 2015 ending September 30, 2015: Net revenue is expected to be in the range of $780 million to $790 million. GAAP diluted earnings per share is expected to be in the range of $0.46 to $0.49. Non-GAAP diluted earnings per share is expected to be in the range of $0.83 to $0.85, which excludes $0.23 related to the effects of stock-based compensation expenses, $0.20 related to the effects of amortization of acquired intangible assets, $0.02 related to restructuring charges, $0.05 related to the effects of amortization of debt discount and $0.11 to $0.16 for the tax effects related to these items. For the fiscal year 2015, the company expects to achieve the following results for the fiscal year ending December 31, 2015: Net revenue is expected to be in the range of $3.22 billion to $3.25 billion. GAAP diluted earnings per share is expected to be in the range of $2.11 to $2.20. Non-GAAP diluted earnings per share is expected to be in the range of $3.65 to $3.75, which excludes $0.87 related to the effects of stock-based compensation expenses, $0.74 related to the effects of amortization of acquired intangible assets, $0.33 related to restructuring charges, $0.20 related to the effects of amortization of debt discount, $0.01 related to a benefit from a previously disclosed patent lawsuit and $0.49 to $0.68 for the tax effects related to these items.

Mark Templeton to Retire as President and Chief Executive Officer and a Director of Citrix Systems, Inc

Citrix Systems, Inc. announced that the company’s president and chief executive officer, Mark Templeton, has informed the board of directors of his plans to retire. Mr. Templeton will continue to serve as president and CEO and a director of the company until such time as a successor has been appointed. The Citrix Board has initiated a CEO search process and has retained Heidrick & Struggles, to assist with the process of identifying and evaluating candidates.

Citrix Announces Products and Tools to Help Microsoft Customers Accelerate the Adoption of Windows 10 and Simplify Migrations to the New Operating System

Citrix announced products and tools to help Microsoft customers accelerate the adoption of Windows 10 and simplify migrations to the new operating system. As people start using personal or corporate Windows 10 laptops and tablets for work, they will need to access core Windows business applications. Citrix app and desktop virtualization software and migration tools enable partners and IT organizations to deliver immediate access to core business applications on new Windows 10 PCs and tablets, simplify the rollout of Windows 10 desktops and streamline the business app migration process. Operating system upgrades like Windows 10 serve as an ideal time to embrace app and desktop virtualization as a long-term strategy to improve the management, security and performance of Windows apps and desktops. To move existing Windows apps to Windows 10, IT can use Citrix AppDNA to help automate and analyze app capability and remediate issues, reducing the cost and complexity of application upgrades, migrations and updates by as much as 90%. AppDNA integrates with Microsoft App-V and System Center Configuration Manager to simplify packaging and deployment after validating compatibility. Additionally, to aid in the deployment of Windows 10, Citrix will soon offer Windows 10 virtual desktop support in XenDesktop. This will enable IT to more easily deploy the new operating system across a multitude of new and legacy devices, in distributed locations that increases IT governance while reducing management cost and complexity. Once virtual desktops have been deployed, the entire process for handling updates, upgrades, software maintenance and migrations is dramatically simplified. Lastly, to manage the new devices, XenMobile will provide instant support for devices running the latest version of Windows 10. This update will enable XenMobile customers to continue managing and securing the latest Windows devices, apps, and data with a comprehensive set of tools while giving users total mobile freedom.

 

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Industry Analysis

CTXS

Industry Average

Valuation CTXS Industry Range
Price/Earnings 41.3x
Price/Sales 3.6x
Price/Book 5.1x
Price/Cash Flow 30.6x
TEV/Sales 2.8x
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