ADVFN - Advanced Financial Network.
HOME» NASDAQ » C » CTXS Stock Price » CTXS Stock News

Citrix Share News

 Citrix Systems (mm) Stock Price
CTXS Stock Price
 Citrix Systems (mm) Stock Chart
CTXS Stock Chart
 Citrix Systems (mm) Stock News
CTXS Stock News
 Citrix Systems (mm) Company Information
CTXS Company Information
 Citrix Systems (mm) Stock Trades
CTXS Stock Trades

Citrix Posts 15% Rise In 4Q Net, Issues Downbeat 2012 Earnings View

DOW JONES NEWSWIRES Citrix Systems Inc.'s (CTXS) fourth-quarter profit rose 15% as the virtualization-and-infrastructure company posted revenue gains across its segments. However, shares slipped 1.3% to $66.73 in after-hours trading as the company issued a downbeat full-year and first-quarter earnings forecast. For 2012, Citrix sees per-share adjusted earnings of $2.70 to $2.74, below Wall Street's view of $2.79. It also raised its revenue guidance for the year, now seeing revenue of $2.49 billion to $2.51 billion, from its October view of $2.47 billion to $2.48 billion. For the current quarter, Citrix forecast adjusted earnings of 49 cents to 51 cents a share on revenue of $555 million to $565 million. Analysts surveyed by Thomson Reuters most recently predicted 56 cents and $561 million, respectively. Citrix, which improves efficiency by allowing multiple systems to operate on one computer, has reported stronger results over the past year on broad-based revenue gains and improved margins. Its desktop-solutions business, which includes XenApp and XenDesktop, has had its growth accelerate recently due to the increasing importance of desktop virtualization. Competitor VMware Inc. (VMW) on Monday reported its fourth-quarter earnings rose 67% as the software maker posted double-digit-percentage increases in services and licenses revenue, as well as stronger margins. Citrix reported a profit of $108.7 million, or 58 cents a share, up from $94.4 million, or 49 cents a share, a year earlier. Excluding stock-based compensation and other items, earnings rose to 78 cents a share from 65 cents a share. Revenue rose 17% to $619.4 million. In October, the company forecast adjusted earnings of 75 cents to 76 cents a share on revenue of $610 million to $620 million, above analysts' estimates at the time. Operating margin widened to 21.9% from 21.4%. Revenue from product licenses, or new product purchases, jumped 17%, while revenue from license updates, including annuity revenue from subscriptions paid when new licenses are purchased, climbed 9.3%. Software-as-a-service revenue was up 21% while technical-services revenue rose 34%. -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287;

Stock News for Citrix (CTXS)
11/25/201516:05:00Citrix Executives to Present at Upcoming Investor Conferences
11/25/201508:31:59Statement of Changes in Beneficial Ownership (4)
11/25/201508:31:03Statement of Changes in Beneficial Ownership (4)
11/24/201508:31:40Statement of Changes in Beneficial Ownership (4)
11/24/201508:30:17Statement of Changes in Beneficial Ownership (4)
11/23/201510:06:26Statement of Changes in Beneficial Ownership (4)
11/23/201508:32:57Statement of Changes in Beneficial Ownership (4)
11/23/201508:31:30Statement of Changes in Beneficial Ownership (4)
11/18/201517:02:26Why Citrix Systems, Inc. Stock Dropped Today
11/18/201513:01:00MARKET SNAPSHOT: U.S. Stocks Climb On Hawkish Fed As Minutes...
11/18/201510:28:00MARKET SNAPSHOT: U.S. Stocks Gain Ground As Fed Minutes Loom
11/17/201517:20:00Citrix to Spin Off Business, Cut Jobs
11/17/201516:57:00Citrix to Spin Off Business, Cut Jobs
11/17/201516:11:53Current Report Filing (8-k)
11/17/201516:07:00Citrix Appoints Tim Minahan as Chief Marketing Officer
11/17/201516:05:00Citrix to Spin Off GoTo Family of Products
11/17/201516:05:00Citrix Updates on Operations Review; Shares Business Model for...
11/12/201515:15:02Why Citrix Systems, Inc. Shares Leaped 19% in October
11/10/201517:26:45Initial Statement of Beneficial Ownership (3)
11/10/201511:00:00Healthcare Organizations Leverage Citrix Solutions to Achieve...

Citrix Systems and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations