Last $66.82 USD
Change Today +2.72 / 4.24%
Volume 6.1M
CTXS On Other Exchanges
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As of 8:10 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

citrix systems inc (CTXS) Snapshot

Open
$65.90
Previous Close
$64.10
Day High
$67.58
Day Low
$65.90
52 Week High
09/20/13 - $77.16
52 Week Low
01/30/14 - $51.18
Market Cap
10.9B
Average Volume 10 Days
2.6M
EPS TTM
$1.81
Shares Outstanding
163.9M
EX-Date
--
P/E TM
37.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for CITRIX SYSTEMS INC (CTXS)

citrix systems inc (CTXS) Details

Citrix Systems, Inc. provides virtualization, networking, and cloud infrastructure solutions worldwide. The company operates in two divisions, Enterprise and Service Provider, and SaaS division. The Enterprise division offers Desktop and Application Virtualization solutions, including XenDesktop, an integrated desktop virtualization system; XenApp to manage and mobilize Windows applications; XenClient, a bare-metal hypervisor; and Citrix Receiver for communicating with XenApp and XenDesktop. It also provides mobile solutions, such as XenMobile Enterprise that manages mobile devices, apps, and data; and XenMobile MDM, a mobile device management solution. In addition, this division offers cloud networking solutions comprising NetScaler, a Web application delivery controller; Bytemobile Smart Capacity solutions for traffic applications; and CloudBridge for connecting enterprise datacenters to end points. Further, it provides CloudPortal Business Manager to automate business and operations support services; CloudPlatform, an open source software platform; and XenServer, a virtualization platform. The SaaS division provides collaboration solutions comprising GoToMeeting product for online meetings, sales demonstrations, and collaborative gatherings; GoToWebinar, a do-it-yourself Webinar product; Podio, a social collaborative work platform; GoToTraining, an online training product; GoToMyPC, an online service that enables individuals to remotely use resources hosted on their desktop; and GoToAssist, a cloud-based IT support solution. This division also offers ShareFile, a cloud-based file sharing and storage solution. The company also provides upgrades, support, and maintenance services; and professional services. The company was formerly known as Citrus Systems, Inc. and changed its name to Citrix Systems, Inc. Citrix Systems, Inc. was founded in 1989 and is headquartered in Fort Lauderdale, Florida.

9,166 Employees
Last Reported Date: 02/20/14
Founded in 1989

citrix systems inc (CTXS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $897.5K
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $1.1M
Senior Vice President of Solutions
Total Annual Compensation: $396.3K
Senior Vice President and General Manager of ...
Total Annual Compensation: $344.4K
Senior Vice President of Human Resources and ...
Total Annual Compensation: $445.0K
Compensation as of Fiscal Year 2013.

citrix systems inc (CTXS) Key Developments

Citrix Systems, Inc. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2014 ; Provides Earnings Guidance for the Third Quarter and Full Year of 2014

Citrix Systems, Inc. announced unaudited consolidated earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company reported total net revenues of $781,560,000, income from operations of $54,419,000, income before income taxes of $51,028,000, net income of $53,024,000 or $0.31 per diluted share compared to the total net revenues of $730,384,000, income from operations of $75,888,000, income before income taxes of $77,263,000, net income of $64,461,000 or $0.34 per diluted share for the same quarter a year ago. Non-GAAP net income for the second quarter of fiscal year 2014 was $142 million, or $0.83 per diluted share, compared to $124 million, or $0.66 per diluted share, for the second quarter of fiscal year 2013. For the six months period, the company reported total net revenues of $1,532,379,000, income from operations of $126,306,000, income before income taxes of $119,783,000, net income of $108,963,000 or $0.61 per diluted share, net cash provided by operating activities of $203,540,000, purchases of property and equipment of $36,672,000 compared to the total net revenues of $1,403,283,000, income from operations of $132,496,000, income before income taxes of $135,067,000, net income of $124,149,000 or $0.66 per diluted share, net cash provided by operating activities of $491,416,000, purchases of property and equipment of $67,141,000 for the same period a year ago. For the third quarter ending September 30, 2014, net revenue is targeted to be in the range of $765 million to $775 million; GAAP gross margin is targeted to be in the range of 81% to 82%. Non-GAAP gross margin is targeted to be in the range of 84% to 85%, excluding 3% related to the effects of amortization of acquired product related intangible assets and stock-based compensation expense. GAAP diluted earnings per share is targeted to be in the range of $0.32 to $0.36. Non-GAAP diluted earnings per share is targeted to be in the range of $0.70 to $0.73, excluding $0.21 related to the effects of amortization of acquired intangible assets, $0.28 related to the effects of stock-based compensation expenses, $0.05 related to the effects of amortization of debt discount, $0.01 related to the effects of restructuring charges, and $0.14 to $0.21 for the tax effects related to these items. For the year ending December 31, 2014, net revenue is targeted to be in the range of 8.5% to 10%. GAAP gross margin is targeted to be in the range of 80% to 81%. Non-GAAP gross margin is targeted to be in the range of 84% to 85%, excluding 4% related to the effects of amortization of acquired product related intangible assets and stock-based compensation expense. GAAP diluted earnings per share is targeted to be in the range of $1.62 to $1.67. Non-GAAP diluted earnings per share is targeted to be in the range of $3.20 to $3.25, excluding $0.96 related to the effects of amortization of acquired intangible assets, $1.02 related to the effects of stock-based compensation expenses, $0.12 related to the effects of amortization of debt discount, $0.10 related to the effects of restructuring charges, and $0.57 to $0.67 for the tax effects related to these items. GAAP tax rate is targeted to be in the range of 14% to 14.5%. Non-GAAP tax rate, which excludes the effects of amortization of acquired intangible assets, stock-based compensation, restructuring charges and amortization of debt discount, is targeted to be in the range of 22% to 22.5%.

Citrix Systems, Inc. Announces Resignation of Steve A. Daheb as Senior Vice President and Chief Marketing Officer

Citrix Systems, Inc. announced that Steve A. Daheb, Senior Vice President and Chief Marketing Officer of the company has decided to leave Citrix. Mr. Daheb has agreed to remain as an employee of Citrix to provide transitional advisory services to the company through February 2, 2015. As a result of the reorganization, Mr. Daheb ceased to serve as an executive officer of the company effective July 14, 2014.

San Francisco 49ers and Levi's Stadium Name Citrix as Mobile Workspace Technology Partner

Citrix announced that it will become a business partner of the Santa Clara Stadium Authority and the San Francisco 49ers, supporting Levi's(R) Stadium as part of a 10-year agreement. The partnership includes Citrix branding of the Owners Club level of suites as the "Citrix Owners Club." The 49ers and Levi's(R) Stadium have also invested in Citrix mobility solutions and cloud services that will enable mobile workspace collaboration and productivity across Levi's(R) Stadium and during day-to-day team operations. While the stadium will benefit from the use of Citrix technology, the partnership will provide Citrix with a location that will act as an extension of the company's executive briefing center, located directly across the street from Levi's(R) Stadium at the company's Silicon Valley headquarters. The Citrix executive briefing center offers a shared experience between customers and Citrix executives. Citrix will utilize its own suite in the Citrix Owners Club, which includes a separate meeting boardroom, to augment the company's executive briefing center. This meeting space will allow for a collaborative approach that includes customized agendas and technical deep-dives, coupled with interactive demonstrations that showcase Citrix mobile workspace technology. Located within the Citrix Owners Club, which includes 22 suites and accommodates more than 400 people, guests of Citrix will be able to enjoy an atmosphere that was designed to reflect a high-end Napa winery and houses the many original works of art that make up the Levi's(R) Stadium Art Collection. Citrix ShareFile(R) will be utilized by 49ers and Levi's(R) Stadium employees for fast, easy and secure sharing of files, photos, and videos. Citrix GoToMeeting(R), GoToWebinar(R), GoToTraining(R) and OpenVoice(TM) audio conferencing will be used by the front office, players and coaches from around the country for communications.

 

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CTXS

Industry Average

Valuation CTXS Industry Range
Price/Earnings 35.8x
Price/Sales 3.9x
Price/Book 3.5x
Price/Cash Flow 22.0x
TEV/Sales 3.2x
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