Nomura Securities Maintains a 'Neutral' on Citrix Systems (CTXS); Bumping EPS Estimates Slightly
Tweet
Share
E-mailGet Alerts CTXS Hot Sheet
Price: $103.90 --0%
Rating Summary:
12 Buy, 19 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
12 Buy, 19 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
Nomura Securities maintains a 'Neutral' on Citrix Systems (NASDAQ: CTXS) price target of $86.00.
Analyst, Rick Sherlund, said, "Citrix announced Q1’12 results that were ahead of Street expectations: License revenue +19% y/y (vs Street +14% y/y) and Billings +24% (vs Street +12% y/y). Management provided 2Q’12 guidance that was above the Street. Total revenue is expected to +14% to 16% y/y (vs Street +14% y/y). 2Q’12 EPS is expected to be $0.58 to $0.59, vs Street at $0.63, but full-year EPS outlook was raised to $2.75 to $2.79 vs the Street at $2.72. Our 2012E/2013E EPS goes from $2.76/$3.16 to $2.79/$3.17. CTXS estimates the all-in cost of deploying a virtual desktop is now $800-$900, while the cost of deploying a physical desktop is ~$1,200. We believe that a more immediate ROI could help to spur Virtual Desktop adoption."
For an analyst ratings summary and ratings history on Citrix Systems click here. For more ratings news on Citrix Systems click here.
Shares of Citrix Systems closed at $77.17 yesterday.
Analyst, Rick Sherlund, said, "Citrix announced Q1’12 results that were ahead of Street expectations: License revenue +19% y/y (vs Street +14% y/y) and Billings +24% (vs Street +12% y/y). Management provided 2Q’12 guidance that was above the Street. Total revenue is expected to +14% to 16% y/y (vs Street +14% y/y). 2Q’12 EPS is expected to be $0.58 to $0.59, vs Street at $0.63, but full-year EPS outlook was raised to $2.75 to $2.79 vs the Street at $2.72. Our 2012E/2013E EPS goes from $2.76/$3.16 to $2.79/$3.17. CTXS estimates the all-in cost of deploying a virtual desktop is now $800-$900, while the cost of deploying a physical desktop is ~$1,200. We believe that a more immediate ROI could help to spur Virtual Desktop adoption."
For an analyst ratings summary and ratings history on Citrix Systems click here. For more ratings news on Citrix Systems click here.
Shares of Citrix Systems closed at $77.17 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Amazon.com (AMZN) PT Raised to $215 at UBS
- Comcast Corp (CMCSA) PT Lowered to $48 at Pivotal Research
- Macquarie Upgrades ASM Pacific Technology (522:HK) (ASMVY) to Outperform
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
