Citrix Systems (NASDAQ:CTXS) Downgraded to Buy at StockNews.com

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Citrix Systems (NASDAQ:CTXSGet Rating) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Citrix Systems Price Performance

CTXS stock opened at $101.41 on Friday. The stock has a market capitalization of $12.84 billion, a PE ratio of 46.31 and a beta of 0.06. The company’s 50-day moving average is $99.10 and its 200-day moving average is $100.48. The company has a debt-to-equity ratio of 4.86, a current ratio of 0.74 and a quick ratio of 0.73. Citrix Systems has a 1 year low of $78.07 and a 1 year high of $115.00.

Citrix Systems (NASDAQ:CTXSGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The cloud computing company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.29. Citrix Systems had a net margin of 8.50% and a return on equity of 81.68%. The business had…

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