Citrix Systems Inc Stock Research

CTXS Stock Price

CTXS RSI Chart

CTXS Valuation

Market Cap

13.2B

Price/Earnings (Trailing)

39.86

Price/Sales (Trailing)

3.97

EV/EBITDA

46.74

Price/Free Cashflow

19.1

CTXS Price/Sales (Trailing)

CTXS Profitability

Free Cashflow Yield

5.24%

CTXS Fundamentals

CTXS Revenue

CTXS Earnings

Price Action

Last 7 days

0.1%

Last 30 days

1.3%

Last 90 days

6.1%

Trailing 12 Months

-3.5%

CTXS Financial Health

Debt/Equity

4.04

Debt/Cashflow

0.23

CTXS Investor Care

Peers (Alternatives to Citrix Systems)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	2.3T	207.6B	11.39%	21.49%	33.82	11.24	7.81%	-4.74%
ADBE	167.9B	18.0B	-3.07%	-8.20%	35.44	9.33	11.50%	-1.86%
AZPN	-	-	-28.94%	-12.93%	-	-	-	-
ORCL	265.5B	48.0B	3.02%	43.80%	31.7	5.54	14.66%	10.75%
CRM	210.9B	31.4B	7.25%	33.22%	1.0K	6.73	19.41%	-85.60%
ZM	20.5B	4.4B	-4.82%	-33.61%	198.13	4.68	7.15%	-92.46%
MID-CAP
APPN	2.9B	489.0M	6.87%	-1.59%	-19.47	6.28	23.89%	-67.60%
MANH	10.8B	809.1M	12.18%	52.77%	79.01	13.39	17.99%	15.82%
GWRE	6.5B	869.9M	3.14%	4.45%	-38.9	7.47	13.87%	-28.82%
PING	2.4B	-	1.17%	7.67%	-23.16	7.93	-	-
SMALL-CAP
ZUO	1.1B	396.1M	1.31%	-6.17%	-5.73	2.87	14.23%	-99.11%
YEXT	1.0B	400.9M	-4.73%	83.51%	-15.7	2.58	2.63%	29.30%
UPLD	97.0M	315.6M	-18.08%	-76.31%	-0.52	0.31	2.89%	-207.54%

Financials for Citrix Systems

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Revenue	1.5%	3,314	3,267	3,217	3,176	3,165
Cost Of Revenue	-0.9%	618	624	625	585	566
Gross Profit	2.0%	2,696	2,643	2,592	2,591	2,599
Operating Expenses	-1.5%	2,367	2,403	2,355	2,194	2,159
S&GA Expenses	-2.7%	1,162	1,194	1,195	1,198	1,206
EBITDA	-19.3%	263	326	321	-	-
EBITDA Margin	-20.4%	0.08*	0.10*	0.10*	-	-
Earnings Before Taxes	48.8%	237	159	167	329	385
EBT Margin	46.7%	0.07*	0.05*	0.05*	-	-
Interest Expenses	1.1%	90.00	90.00	92.00	86.00	80.00
Net Income	19.0%	330	278	307	317	363
Net Income Margin	17.3%	0.10*	0.09*	0.10*	-	-
Free Cahsflow	5.2%	689	655	588	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Assets	2.1%	7,011	6,866	6,976	6,536	6,714
Current Assets	13.4%	1,898	1,673	1,719	1,340	1,500
Cash Equivalents	19.1%	866	727	514	429	501
Inventory	-7.7%	25.00	27.00	23.00	24.00	22.00
Net PPE	-1.1%	207	209	219	230	226
Goodwill	0%	3,404	3,404	3,401	3,456	3,456
Current Liabilities	2.3%	2,307	2,254	2,354	2,017	2,092
. Short Term Borrowings	0.0%	100	100	-	-	-
Long Term Debt	0.0%	3,326	3,325	3,474	-	-
LT Debt, Non Current	0.0%	3,229	3,228	3,326	-	-
Shareholder's Equity	24.0%	824	665	547	400	293
Retained Earnings	2.2%	5,277	5,161	5,101	5,045	5,041
Additional Paid-In Capital	1.1%	7,224	7,142	7,042	6,943	6,836
Shares Outstanding	-61.2%	127	327	325	325	124
Float	-	14,548	-	-	-	-

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Cashflow From Operations	3.8%	761	734	672	633	589
Share Based Compensation	-4.7%	323	339	347	328	333
Cashflow From Investing	35.0%	-48.90	-75.26	-1,999	-1,776	-1,806
Cashflow From Financing	17.6%	-332	-403	1,095	1,003	1,156
Dividend Payments	-33.2%	92.00	138	184	180	177
Buy Backs	-100.0%	0.00	89.00	289	-	-

Risks for CTXS

What is the probability of a big loss on CTXS?

39.2%

Probability that Citrix Systems stock will be more than 20% underwater in next one year

15.8%

Probability that Citrix Systems stock will be more than 30% underwater in next one year.

8.1%

Probability that Citrix Systems stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CTXS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Citrix Systems was unfortunately bought at previous high price.

Drawdowns

Returns for CTXS

Cumulative Returns on CTXS

6.0%

10-Year Cumulative Returns

10.0%

7-Year Cumulative Returns

7.1%

5-Year Cumulative Returns

3.5%

3-Year Cumulative Returns

What are the long-term rolling returns for CTXS?

FIve years rolling returns for Citrix Systems.

Annualized Returns

Which funds bought or sold CTXS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-10	HUNTINGTON NATIONAL BANK	unchanged	-	-	104	-%
2023-05-04	KBC Group NV	sold off	-100	-75,272,000	-	-%
2023-04-24	TimeScale Financial, Inc.	sold off	-100	-21,215	-	-%
2023-04-18	IFP Advisors, Inc	sold off	-100	-15,000	-	-%
2023-04-17	Ronald Blue Trust, Inc.	sold off	-100	-45,000	-	-%
2023-03-17	American Portfolios Advisors	unchanged	-	350	5,792	-%
2023-02-14	WATER ISLAND CAPITAL LLC	sold off	-100	-17,585,000	-	-%
2023-02-14	Telemetry Investments, L.L.C.	sold off	-100	-1,458,000	-	-%
2023-02-14	Tyler-Stone Wealth Management	sold off	-100	-7,000	-	-%
2023-02-13	SEEYOND	sold off	-100	-256,000	-	-%

Latest Funds Activity

Are funds buying CTXS calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CTXS

No. of Funds

Citrix Systems News

Schedule 13G FIlings of Citrix Systems

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 10, 2022	price t rowe associates inc /md/	6.8%	8,599,226	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	13.7%	17,104,797	SC 13G/A
Feb 09, 2022	vanguard group inc	11.18%	13,942,805	SC 13G/A
Jan 27, 2022	blackrock inc.	10.3%	12,897,450	SC 13G/A
Jan 25, 2022	blackrock inc.	10.3%	12,897,450	SC 13G/A
May 10, 2021	price t rowe associates inc /md/	10.0%	12,449,175	SC 13G/A
Feb 16, 2021	price t rowe associates inc /md/	8.2%	10,198,394	SC 13G
Feb 10, 2021	vanguard group inc	11.27%	13,875,501	SC 13G/A
Jan 27, 2021	blackrock inc.	10.4%	12,836,128	SC 13G/A
Feb 12, 2020	vanguard group inc	11.16%	14,533,113	SC 13G/A

CTXS Fair Value

Citrix Systems fair value in different scenarios

The table shows the Fair Value estimates for Citrix Systems for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	10.15 -	13.38 -	15.82 -	23.59 -	32.31 -
Current Inflation	9.50 -	12.40 -	14.10 -	20.70 -	27.99 -
Very High Inflation	8.68 -	11.17 -	12.07 -	17.35 -	23.04 -

Historical Citrix Systems Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Latest Insider Trading transactions for CTXS

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-09-30	CALDWELL NANCI	back to issuer	-	-	-36,830	-
2022-09-30	KILCOYNE MOIRA A.	back to issuer	-	-	-8,816	-
2022-09-30	Smith Jason Alexander	back to issuer	-	-	-34,208	evp & chief financial officer
2022-09-30	CALDERONI ROBERT	back to issuer	-	-	-30,718	interim ceo & president
2022-09-30	SOISSON JESSICA	back to issuer	-	-	-32,122	svp, cao & corp controller
2022-09-30	Lima Hector	back to issuer	-	-	-38,893	evp, chief customer officer
2022-09-30	Minahan Timothy A.	back to issuer	-	-	-83,516	evp business strategy & cmo
2022-09-30	KNOWLING ROBERT E JR	back to issuer	-	-	-3,501	-
2022-09-30	Sherman J Donald	back to issuer	-	-	-4,570	-
2022-09-30	DEMO MURRAY J	back to issuer	-	-	-15,244	-

About Citrix Systems

Robert M. Calderoni

www.citrix.com

9700

Citrix Systems, Inc., an enterprise software company, provides workspace, app delivery and security, and professional services worldwide. The company offers workspace services, including Citrix Workspace; Citrix Virtual Apps and Desktops; Collaborative Work Management; Citrix Content Collaboration, a cloud-based file sharing, digital transaction, and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices; Citrix Analytics for Security that assesses the behavior of Citrix Virtual Apps and Desktops, and Citrix Workspace users and applies actions to protect sensitive corporate information; Citrix Analytics for Performance, which uses machine learning to quantify user experience; Citrix Secure Workspace Access that provides an end-to-end solution to implement Zero Trust principles; and Citrix Secure Internet Access, which provides a solution that protects direct internet access for branch and remote workers using unsanctioned apps. It also provides Citrix ADC that offers application delivery controller, on-premise, in-cloud, and SaaS deployment option solutions. In addition, the company provides customer services, hardware maintenance, consulting, and product training and certification services. The company serves healthcare, financial services, technology, manufacturing, consumer, and government agencies. It markets and licenses its products through resellers, distributors, systems integrators, independent software vendors, original equipment manufacturers, and service providers. The company was formerly known as Citrus Systems, Inc. and changed its name to Citrix Systems, Inc. in March 2009. Citrix Systems, Inc. was incorporated in 1989 and is headquartered in Fort Lauderdale, Florida.

CTXS Income Statement

2022-06-30

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues:
Total net revenues	$ 859,522	$ 812,111	$ 1,684,860	$ 1,587,877
Cost of net revenues:
Amortization of product related intangible assets	17,471	20,119	34,814	31,128
Total cost of net revenues	155,922	161,306	297,818	304,775
Gross profit	703,600	650,805	1,387,042	1,283,102
Operating expenses:
Research and development	137,166	146,179	285,071	290,337
Sales, marketing and services	274,432	306,920	567,383	600,204
General and administrative	90,256	93,594	199,315	188,584
Amortization of other intangible assets	19,434	19,435	38,655	26,967
Restructuring	9,023	0	27,101	0
Total operating expenses	530,311	566,128	1,117,525	1,106,092
Income from operations	173,289	84,677	269,517	177,010
Interest income	941	272	1,383	593
Interest expense	(23,849)	(22,905)	(45,925)	(47,265)
Other (expense) income, net	(3,817)	6,635	(4,894)	19,531
Income before income taxes	146,564	68,679	220,081	149,869
Income tax expense (benefit)	31,107	5,913	44,392	(2,945)
Net income	$ 115,457	$ 62,766	$ 175,689	$ 152,814
Earnings per share:
Basic (in dollars per share)	$ 0.91	$ 0.51	$ 1.39	$ 1.24
Diluted (in dollars per share)	$ 0.90	$ 0.50	$ 1.38	$ 1.21
Weighted average shares outstanding:
Basic (in shares)	126,735	124,230	126,120	123,580
Diluted (in shares)	127,832	126,003	127,757	126,019
Subscription
Revenues:
Total net revenues	$ 509,595	$ 374,271	$ 973,232	$ 716,400
Product and license
Revenues:
Total net revenues	34,302	58,683	67,599	102,918
Cost of net revenues:
Cost of net revenues	25,861	25,160	43,388	46,875
Support and services
Revenues:
Total net revenues	315,625	379,157	644,029	768,559
Cost of subscription, support and services
Cost of net revenues:
Cost of net revenues	$ 112,590	$ 116,027	$ 219,616	$ 226,772

CTXS Balance Sheet

2022-06-30

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 865,597	$ 513,993
Short-term investments, available-for-sale	7,202	13,186
Accounts receivable, net of allowances of $42,734 and $33,279 at June 30, 2022 and December 31, 2021, respectively	696,836	885,311
Inventories, net	24,911	23,158
Prepaid expenses and other current assets	303,289	283,337
Total current assets	1,897,835	1,718,985
Long-term investments, available-for-sale	0	14,754
Property and equipment, net	207,082	219,031
Operating lease right-of-use assets, net	132,638	154,685
Goodwill	3,404,214	3,400,792
Other intangible assets, net	691,254	760,293
Deferred tax assets, net	398,538	417,016
Other assets	279,538	289,961
Total assets	7,011,099	6,975,517
Current liabilities:
Accounts payable	146,746	165,250
Accrued expenses and other current liabilities	354,954	444,767
Income taxes payable	88,353	35,996
Short-term debt	99,966	0
Current portion of deferred revenues	1,617,254	1,708,058
Total current liabilities	2,307,273	2,354,071
Long-term portion of deferred revenues	311,584	329,535
Long-term debt	3,228,617	3,326,327
Long-term income taxes payable	153,587	204,782
Operating lease liabilities	138,288	166,014
Other liabilities	47,394	47,531
Commitments and contingencies
Stockholders' equity:
Preferred stock at $.01 par value: 5,000 shares authorized, none issued and outstanding	0	0
Common stock at $.001 par value: 1,000,000 shares authorized; 327,925 and 325,174 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	328	325
Additional paid-in capital	7,224,119	7,041,576
Retained earnings	5,276,925	5,100,624
Accumulated other comprehensive loss	(5,776)	(2,896)
Stockholders' equity before treasury stock	12,495,596	12,139,629
Less - common stock in treasury, at cost (201,087 and 200,313 shares at June 30, 2022 and December 31, 2021, respectively)	(11,671,240)	(11,592,372)
Total stockholders' equity	824,356	547,257
Total liabilities and stockholders' equity	$ 7,011,099	$ 6,975,517