Apps & Software

Citrix Takes A Breather After Earnings (CTXS, VMW)

Citrix Systems Inc. (NASDAQ:CTXS) posted earnings of $0.41 non-GAAP EPS on revenues $350 million.  First Call had estimates at $0.38 EPS and revenues at $339.7 million.  GUIDANCE: next quarter guidance is $0.42 to $0.43 non-GAAP EPS on $374 to $382 million revenues; estimates are $0.45 EPS and $373 million; but there are charges even in these non-GAAP numbers.

In prior periods this might not have garnered enough enthusiasm for its own preview, but after it announced XenSource for $500 million it became a more focused interest as a virtualization stock. It should be noted that the company notes many charges fvor its XenSource and Ardence acquisitions and those revenues won’t start until Q1 2008.  If VMware (NYSE:VMW) investors were hoping for any additional robust virtualization comments, they are going to have to wait for the conference call questions and answers.

Citrix shares closed at $32.27 the day the XenSource deal was announced.  Shares closed today down 0.3% at $41.77 and its recent yearly high is $42.75.  Shares are down a little over 2% in immediate after-hours trading, probably as a result of no major driving comments above and beyond the huge recent gains.

Unfortunately, the complexities around virtualization mean that the report given here (including the guidance) might not be all that complete for the long-term expectations out of the company.

Jon C. Ogg
October 17, 2007

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.