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News Breaks
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| 11:17 EDT |  | CTXS |
| theflyonthewall.com: | Earnings Preview: Citrix Q4 expected to be solid, strong desktop virtualization | | Citrix Systems (CTXS) is expected to report Q4 earnings after the market close on Wednesday, January 27, with a conference call scheduled for 4:45 pm ET. The consensus estimate is 52c for EPS and $432.51M for revenue, according to First Call. On the company's last earnings call management projected Q4 revenue to be 3%-4% higher than the comparable year-ago period, implying that it will be roughly $428M-$432M. Trading activity in Citrix call options has jumped to four times the normal level ahead of earnings. Also, Citrix shares have been trading higher on renewed takeover speculation. William Blair says that given the strength in desktop virtualization and higher number of larger deals in the quarter, they expect revenue to be above the firm's estimate of $430M and consensus estimates. William Blair forecasts a non-GAAP operating margin of 27.3%, 90bp higher than the prior year but sequentially higher by 220bp, driven by the company’s cost-cutting and headcount reduction programs. The firm expects Citrix to report diluted non-GAAP EPS above their estimate of 51c and the consensus estimate. Looking forward, William Blair expects management to comment on stability in the macro environment but to remain relatively conservative in its FY10 outlook, providing guidance that is in line with or slightly better than consensus estimates of $1.88 on $1.74B in revenue. The firm maintains a revenue estimate of $1.73B. They believe management is likely to reiterate the 75bp-100bp improvement in FY10 non-GAAP operating margin.As a result, William Blair maintains a FY10 non-GAAP earnings estimate of $1.90. Guidance provided by management on the Q3 earnings call was for FY10 revenue increasing 8%-9%, sequentially. :theflyonthewall.com |
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September 8, 2010
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| 11:23 EDT |  | CTXS |
| theflyonthewall.com: | Citrix Systems management to meet with JMP Securities | | Meeting to be held in San Francisco on September 13 hosted by JMP Securities. :theflyonthewall.com |
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August 31, 2010
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| 05:32 EDT |  | CTXS |
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