Citrix Systems, Inc. (NASDAQ:CTXS) is reporting second quarter earnings results on Thursday 23rd July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.23 per share.
For the full year, analysts predict revenues of $ 3161.70 million, while looking forward to income of $ 5.61 per share.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 760.00 million ~ $ 770.00 million
Full Year 2020 topline are forecasted in a range of$ 3,100.00 million ~ $ 3,160.00 million, where as bottomline are predicted in a range of $ 5.40 ~ $ 5.60 per share
Click Here For More Historical Outlooks Of Citrix Systems, Inc.
Previous Quarter Performance
Citrix Systems, Inc. unveiled income for the first quarter of $ 1.73 per share, from the revenue of $ 860.95 million. The quarterly earnings improved 36.22 percent while revenues extended 19.72 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.17 per share from $ 733.57 million in revenue. The bottom line results beat street analysts by $ 0.56 or 47.86 percent, at the same time, top line results outshined analysts by $ 127.38 million or 17.36 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CTXS was $ 167.15, representing a 85.15 % increase from the 52 week low of $ 90.28 and a 3.69 % decrease over the 52 week high of $ 173.56.
The company has a market capital of $ 20.63 billion and is part of the Technology sector and Software – Infrastructure industry.
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Recent Stock Dividend Announcement
On April 23, 2020, the board of directors authorized quarterly dividend of $ 0.35 per share to holders of record as of the close of business on June 5, 2020, with payment date of June 19, 2020 and ex-dividend date on June 4, 2020.
Conference Call
Citrix Systems, Inc. will be hosting a conference call at 8:15 AM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.citrix.com
Citrix Systems, Inc. provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.
