Citrix Systems (NASDAQ:CTXS) posted its quarterly earnings results on Tuesday. The cloud computing company reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.24, Bloomberg Earnings reports. Citrix Systems had a negative net margin of 0.73% and a positive return on equity of 38.56%. The company had revenue of $697.19 million for the quarter, compared to the consensus estimate of $675.57 million. During the same period last year, the firm posted $0.97 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis.
NASDAQ:CTXS traded down $0.02 during mid-day trading on Wednesday, hitting $96.58. The stock had a trading volume of 1,894,775 shares, compared to its average volume of 1,692,047. The company has a market cap of $13,309.88, a PE ratio of 23.33, a P/E/G ratio of 3.06 and a beta of 1.27. Citrix Systems has a 52 week low of $73.33 and a 52 week high of $98.60. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.14.
In related news, Chairman Robert Calderoni sold 2,655 shares of Citrix Systems stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $91.64, for a total value of $243,304.20. Following the sale, the chairman now directly owns 163,435 shares in the company, valued at approximately $14,977,183.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David J. Henshall sold 12,500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $92.62, for a total transaction of $1,157,750.00. Following the transaction, the chief executive officer now directly owns 281,777 shares in the company, valued at approximately $26,098,185.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,010 shares of company stock worth $7,786,462. 0.44% of the stock is currently owned by insiders.
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About Citrix Systems
Citrix Systems, Inc delivers solutions to secure and access applications worldwide. The company offers workspace services, including XenDesktop, a cloud-enabled desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients.
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