Citrix Systems, Inc. (NASDAQ:CTXS) reported on Thursday that its healthy financial results for the Q1 of 2011, appreciably above the Zacks Consensus anticipates. Quarterly net revenue was $589.5 million, increased 20 percent year over year, with no trouble surpassing the Zacks Consensus anticipates of $562 million. GAAP net income was $68.3 million or 36 cents a share evaluated with $73.5 million or 39 cents a share in the previous-year quarter. Quarterly adjusted earnings per share of 45 cents was miles advanced of the Zacks Consensus Estimate of 39 cents.
Global trends near virtualization and cloud computing are make possible the firm to reports solid results.
Turning towards the investors who viewing CTXS against Iron Mountain Incorporated (NYSE:IRM) small declined -0.10%, Tibco Software Inc. (NASDAQ:TIBX) rose +2.12%, Convio, Inc. (NASDAQ:CNVO) surged +2.24%, Cognizant Technology Solutions Corp (NASDAQ:CTSH) edged up +1.79%, Automatic Data Processing (NASDAQ:ADP) which also increased +0.49% and Qlik Technologies Inc (NASDAQ:QLIK) moved up +4.44%.
Citrix Systems, Inc. (NASDAQ:CTXS) increased +12.43% or +$9.59 to close the trading at $86.76 following it hit intra day high level of $87.99. The total traded volume in the previous trading session was 6.50 million shares as compared to average 1.52 million shares. Its fifty two week trading range was $50.21 – $88.49. The total market capitalization reached $16.10 billion.
The stock price was ahead its 52 week low price with 72.79% and it lagged behind -1.96% from its 52 week maximum mark. Stock price volatility for last month remained 2.74%. In its share capital, the company has 18566 million outstanding shares out of which 184.59 million shares have been floated in the market. For now, stock ownership with company’s management remained 0.60%.
CTXS presented an optimistic weekly performance of 10.95% with respect to its rate of return and it remained 9.32% for the month. However, the performance for a quarter experienced a positive change of 33.48% and it surged 11.47% for a year and its year to date performance remained in green with 42.89%.
Current stock price is in the upbeat territory taking into account of 20 days moving average with 12.59% and continued bullish run for 50 days moving average with 13.48%. Its earning per share for the past twelve months was $1.87. Company’s beta coefficient was at 1.31. Beta measures the amount of market risk associated with market trade.
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