Citrix (CTXS) Offering Possible 17.65% Return Over the Next 27 Calendar Days

Citrix's most recent trend suggests a bullish bias. One trading opportunity on Citrix is a Bull Put Spread using a strike $92.00 short put and a strike $87.00 long put offers a potential 17.65% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $87.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Citrix is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Citrix is bullish.

The RSI indicator is at 47.07 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Citrix

Citrix Drives Future of Application Development and Delivery
Thu, 22 Aug 2019 12:30:00 +0000
It’s fueled by the rapid and efficient delivery of new applications that improve the way we think and operate. Recognizing this, Citrix Systems, Inc. (CTXS) is expanding its open source integrations, enabling companies to leverage modern, innovative cloud environments from a variety of leading providers to accelerate their move to the cloud and the results they can achieve. The company today announced that Citrix® ADC has achieved Red Hat OpenShift Operator Certification, which will allow it to provide IT organizations with another faster, flexible and consistent way to develop, test and deliver applications in Kubernetes environments at scale.

Citrix Set to Launch Desktop as a Service Solution for Microsoft
Tue, 20 Aug 2019 12:30:00 +0000
The company today announced the launch of Citrix® Managed Desktops, a cloud-hosted offering that enables organizations – regardless of their size or IT expertise – to provision Windows-based applications and desktops from the cloud to any device, anywhere in a simple, unified manner. It happens around the clock and globe on everything from PCs and laptops to phones, tablets and even watches,” said Carisa Stringer, Senior Director, Product Marketing, Desktop and Applications Group, Citrix. A turnkey service delivered in close collaboration with a robust ecosystem of Citrix partners, Citrix Managed Desktops provides everything needed to securely deliver Windows desktops and applications with simplicity and speed.

Citrix names University of Miami alum as next CFO
Tue, 20 Aug 2019 11:32:16 +0000
He will receive a sign-on bonus of $500,000 to be paid 180 days after his first day with Citrix, in addition to other compensation.

Citrix Systems to Hold Financial Analyst Meeting and Announce Third Quarter 2019 Financial Results on Thursday, October 24
Mon, 19 Aug 2019 12:35:00 +0000
Citrix Systems, Inc. (CTXS), today announced that, following the announcement of the appointment of Arlen Shenkman, executive vice president and chief financial officer as of September 9, 2019, it is rescheduling its financial analyst day to October 24, 2019, in New York City. Citrix will report financial results for the third quarter ended September 30, 2019 on Thursday, October 24, 2019 before the market opens. The financial analyst meeting will begin at 10:30 a.m. ET and discuss quarterly results, long term strategy, and business outlook.

Citrix Announces Arlen Shenkman as Chief Financial Officer
Mon, 19 Aug 2019 12:30:00 +0000
Citrix Systems, Inc. (CTXS) today announced that Arlen R. Shenkman has been appointed Executive Vice President and Chief Financial Officer (CFO), reporting to Citrix president and CEO, David Henshall, effective September 9, 2019. “Our cloud transformation, and the shift to a subscription model, is moving rapidly,” said Henshall. “This is a great opportunity to apply my cloud transformation experience to a company that is already progressing along its strategic path so well,” said Shenkman.

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