Citrix Systems (NASDAQ:CTXS) First Quarter Results Misses Estimates; Stock Tumbles – CTXS, CSCO, MSFT, VMW

The Fort Lauderdale, Florida-based Citrix Systems, Inc’s (NASDAQ:CTXS) stock tumbled over 11% in extended trading session on Wednesday after the company announced results for fiscal Q1 that failed to meet Wall Street forecasts.

The enterprise infrastructure software maker also offered earnings outlook for fiscal Q2, lower than Wall Street guidance, and cut its earnings guidance for the FY 2013, while maintaining yearly revenue guidance.

The cloud computing solutions provider announced net income was $59.69 million or $0.32 a share for fiscal Q1, below $68.27 million or $0.36 a share in the similar period a year ago.

Adjusted earnings without few items were $117.05 million or $0.62 a share, evaluated against $110.66 million or $0.59 a share in the similar period a year earlier.

Thomson Reuters 32 analysts survey on average forecasted to announce earnings of $0.63 a share.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Cisco Systems, Inc. (NASDAQ:CSCO) fell -2.49% to settle at $20.39, Microsoft Corporation (NASDAQ:MSFT) moved up +3.79% to end at $31.76 while VMware, Inc. (NYSE:VMW) plunged -5.90% to finish at $71.23 on Wednesday.

Citrix Systems, Inc. (NASDAQ:CTXS) last session’s volume of 3.42 million shares was higher than its average volume of 1.99 million shares. The stock after opening at $67.39 hit high price of $68.24 and then closed at $67.66 by scoring -0.24%.

CTXS generated revenue of $2.59 billion in the previous twelve months and earned $352.55 million. The Company showed a positive 13.63% in the net profit margin as well as in its operating margin which remained at 15.11%. Company’s annual sales growth for the past five years was 13.19%.

The CTXS’s past twelve months’ price to sales ratio was 4.88 and price to cash ratio remained 13.60. As far as the returns are concerned, CTXS’s return on equity was recorded as 12.05% and return on investment increased 11.06% while its return on asset stayed at 7.93%.

The stock showed weekly downbeat performance of -2.04% which was maintained for the month at -3.49%. Likewise the negative performance for the quarter was recorded as -1.73% and for the year was -13.01% while the YTD performance remained at +3.11%.

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