HomeEquities ScoreCitrix Systems Inc. (NASDAQ:CTXS) stock moves up in the premarket trading session;...

Citrix Systems Inc. (NASDAQ:CTXS) stock moves up in the premarket trading session; Find out why

In the premarket trading session, Citrix Systems Inc. (CTXS) stock moved up by 0.02% to $128.05 at the time of writing. CTXS stock closed previous session at $128.02 losing -7.57%. The CTXS stock volume traded for 4.3 million shares. The average 3-month trade volume has been 1.14 million. In the past year, CTXS shares slumped by -8.54%. In the past week, the shares went down by -8.75%.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

About Citrix Systems, Inc.

Citrix Systems, Inc., an enterprise software company that focuses on the provision of numerous services relating to workspace provision, professional services and app developing services. The company was formerly known as Citrus Systems Inc. but changed to what it currently is in 2009. The company was founded in 1989. The headquarters are established in Florida.


Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored


Read More

CTXS stock has a diversified enterprise software product offering

Citrix Systems provides security services for apps to protect sensitive personal data and corporate information. The company specifically focuses diversifying its product offerings in these above-mentioned segments. The company offers cloud-based file sharing and cloud storage solutions that can be used on various platforms for businesses. To navigate through all the workspace platforms Citrix also offers a device and mobility management options.

To protect the sensitive information regarding the data being passed around in the workspace network, the company offers Citrix analytics which secures information. Furthermore, this analytics software also uses machine learning to quantify experience. Protection of the direct internet access and unsanctioned apps is also provided by the company.
For further management of applications along with balancing the load for web and cloud workspace, the company provides an application known as Citrix ADC.

The company has expanded its portfolio by providing customer services, maintenance, consultation, and training and certification services. The customers of Citrix services include institutions and private firms relating to the healthcare, consumer, technology, government agencies, financial services, and manufacturing.

Citrix Systems Inc. has released Q1 2021 financial results

On 29th April 2021, the Citrix Systems Inc. announced that it had reported its financial result for the first quarter of the year 2021. The company reported it through posting an Earnings letter on its website in the Investor relations segment. The company also held a conference call for addressing questions of shareholders and analysts.

The highlights of the Q1 2021 financial results are here;

  • 1st Quarter 2021 Non-GAAP earnings declined to $1.42 in year-over-year comparison (a 17.9% decrease).
  • Revenues for the first quarter 2021 reported by CTXS is $775.77 million which decreased by 10% in year-over-year comparison.
  • Discontinuation of Workspace perpetual licensing offering had caused workspace revenues to decline.
  • Product and licensing for Q1 2021 was $44 million which is down by 74% compared to prior year’s same period.
  • Subscription revenues had surged to $342 million (a 28% jump from prior year’s same quarter). This is possible due to the increase in online services and e-commerce surge over the pandemic.

    Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Outlook of CTXS stock for 2021

The company has given an outlook for the current year 2021 in which it expects the revenue to be $3.38-$3.42 billion as revised from $3.33-$3.36 billion. The adjusted non-GAAP earnings per share is expected to be $5.60-$5.80 which is revised from the earlier estimate of $6.20-$6.40. Furthermore, the operating margin of non-GAAP is adjusted down from 30% to 27-28%. This lowering in guidance due to CTXS’s Wrike acquisition.

Must Read

Related News

LEAVE A REPLY

Please enter your comment!
Please enter your name here

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]