Citrix (NASDAQ:CTXS) +4% reports Q4 beats and provides downside Q1 guidance that sees $730-740M in revenue (consensus: $740.58M) and $1.15-1.20 EPS (consensus: $1.23).
Q4 revenue breakdown: Support and services, $439.6M; Subscription, $193.5M; Product and license, $176.7M.
The mixed FY20 view has inline revenue of $3.10-3.13B and downside EPS of $5.35-5.55.
Buyback: The board approves a $1B repurchase authorization, bringing the total remaining to $1.75B.
Credit facility: Citrix also announces a $1B term loan credit facility, which it intends to use to return capital through open market transactions, accelerated share repurchases, and other methods. Source seeking alpha
Average Recommendation: Hold Average Target Price:$113
Company profile
Citrix Systems Inc. CTXS, +1.17% shares rose 4% in after-hours trading Wednesday after the software company reported better-than-expected fourth-quarter earnings. Citrix reported net income of $207 million, or $1.56 share, compared with net income of $166 million, or $1.15 a share, in the year-ago period. Revenue grew 1% to $810 million from $802 million a year ago. Analysts surveyed by FactSet had expected $1.07 a share on revenue of $803 million. Citrix shares are up about 10% over the last 12 months. The S&P 500 index SPX, +0.03% has gained about 26% the last year.
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Q4 revenue breakdown: Support and services, $439.6M; Subscription, $193.5M; Product and license, $176.7M.
The mixed FY20 view has inline revenue of $3.10-3.13B and downside EPS of $5.35-5.55.
Buyback: The board approves a $1B repurchase authorization, bringing the total remaining to $1.75B.
Credit facility: Citrix also announces a $1B term loan credit facility, which it intends to use to return capital through open market transactions, accelerated share repurchases, and other methods. Source seeking alpha
Average Recommendation: Hold Average Target Price:$113
Company profile
Citrix Systems Inc. CTXS, +1.17% shares rose 4% in after-hours trading Wednesday after the software company reported better-than-expected fourth-quarter earnings. Citrix reported net income of $207 million, or $1.56 share, compared with net income of $166 million, or $1.15 a share, in the year-ago period. Revenue grew 1% to $810 million from $802 million a year ago. Analysts surveyed by FactSet had expected $1.07 a share on revenue of $803 million. Citrix shares are up about 10% over the last 12 months. The S&P 500 index SPX, +0.03% has gained about 26% the last year.
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, IT IS REALLY APPRECIATED