Citrix Reports First Quarter Earnings Results

Friday, 21 April 2006 by Michel Roth

Shares Citrix surged on Thursday after the company reported first-quarter results that one analyst characterized as a "home run." Shares of Citrix, which have traded between $21.10 and $39 over the last year, rose $3.37, or 8.7 percent, to $42.25 in afternoon trading on the Nasdaq. Earlier in the session shares set a new 52-week high of $43.20.

'Right now, all I can say is we're hitting on all cylinders,'' said Mark Templeton, Citrix's president and chief executive, during a Wednesday conference call.

Employee stock-option compensation cost Citrix $12 million in the quarter. Excluding the expense and other items, Citrix's adjusted net income was $61.1 million, or 33 cents a share. The average estimate of analysts polled by Thomson Financial was 28 cents a share, excluding those items. Investors have driven up Citrix's stock in the past year. The stock has surged 70 percent in the last year to close Wednesday at a new 52-week high of $38.88.

Read the official Citrix press release here.