Citrix Reports Third Quarter Financial Results

Citrix Systems (CTXS) Reported Sizeable 3Q EPS Beat; UBS Remains Neutral

UBS reiterated a Neutral rating on Citrix Systems (NASDAQ: CTXS), and raised the price target to $73.00 (from $70.00), following the company's 3Q15 earnings report. CTXS delivered a $27M revenue Beat, as well as a $0.19 EPS upside to Street estimates.

Analyst Brent Thill commented, "CTXS delivered a sizeable Q3 rev/EPS beat... More

Citrix Systems (CTXS) Reports a 3Q EPS Beat; FBR Capital Raises Price Target to $83

FBR Capital reiterated an Outperform rating on Citrix Systems (NASDAQ: CTXS), and raised the price target to $83.00 (from $80.00), following the company's 3Q15 earnings results. Total revenue of $813.3 million was well above the companys guidance of $785 million, as well as the Streets estimate of $786.1 million. Pro forma EPS came in at $1.04, handily beating the Street's $0.85 estimate.

Analyst Daniel Ives commented, "Earlier tonight, Citrix Systems delivered... More

Cowen Raises Price Target on Citrix Systems (CTXS) Following 3Q EPS Beat

Cowen reiterated an Outperform rating on Citrix Systems (NASDAQ: CTXS), and raised the price target to $85.00 (from $80.00), following 3Q15 earnings results. Revs of $813m were well above consensus forecasts of $786m, and EPS of $1.04 impressively beat Street's $0.84 estimate.

Analyst Gregg Moskowitz commented,... More

Citrix Systems (CTXS) Reports 3Q EPS Beat; Needham & Company Raises Price Target to $90

Needham & Company reiterated a Buy rating on Citrix Systems (NASDAQ: CTXS), and raised the price target to $90.00 (from $82.00), following the company's 3Q15 earnings report. CTXS reported $1.04 EPS, well above $0.85 EPS consensus. The CY15 outlook was increased by $10m at the midpoint and by $0.18 EPS, with a range of... More

Citrix Systems (CTXS) Names Chair Calderoni as Interim CEO

Citrix Systems (NASDAQ: CTXS) announced that Robert Calderoni, Citrixs Executive Chairman, has been unanimously appointed interim president and CEO, effective immediately. Mr. Calderoni will continue serving as Executive Chairman on the Citrix Board of Directors. Mark Templeton, current president and CEO, will serve in an advisory role through the end of the year.

The Boards previously announced CEO search process remains underway, led by a search committee consisting of Mr. Calderoni (committee chair), Godfrey R. Sullivan and Jesse A. Cohn, with the assistance of executive search firm, Heidrick &... More