Citrix Systems, Inc. (CTXS): What’s the Story?

Citrix Systems, Inc. (CTXS) is an interesting player in the Technology space, with a focus on Business Software & Services. The stock has been active on the tape, currently trading at $86.87, up from yesterday’s close by 0.09%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Citrix Systems, Inc. (CTXS) currently trades with a market capitalization of $13.13 Billion. That value represents a market adjusting for revenues that have been falling by -14.37 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $827.38 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.05 on a per share basis this quarter. Perhaps, that suggests something about why 2.03% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how CTXS has been acting. Looking at the stock’s movement on the chart, Citrix Systems, Inc. recorded a 52-week high of $95.00. It is now trading 8.13% off that level. The stock is trading $89.53 its 50-day moving average by 2.66%. The stock carved out a 52-week low down at $73.33.

In recent action, Citrix Systems, Inc. (CTXS) has made a move of -3.43% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.62, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.59% with $149.15 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CTXS.

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