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Citrix Systems, Inc. (CTXS) Report Analysis

Corporate Events

Positive

Hackensack Meridian Health Transforms Patient C...

2022-08-30 12:30:00

Hackensack Meridian Health is changing it. Using digital workspace solutions from Citrix Systems, Inc. Using Citrix Virtual Apps and Desktops™...

Positive

Citrix Systems, Inc. Commences an Offer to Repu...

2022-08-29 20:31:00

On August 29, 2022, pursuant to the Merger Agreement and at the request of Parent, Citrix Systems, Inc. commenced an offer (Repurchase Offer) ...

Neutral

Citrix Systems, Inc. Presents at DRJ Fall Confe...

2022-08-11 21:20:00

Citrix Systems, Inc. Presents at DRJ Fall Conference, Sep-11-2022 . Venue: JW Marriott Desert Ridge Resort & Spa, Phoenix, Arizona, United Sta...

Neutral

Disaster Recovery Journal, DRJ Fall Conference,...

2022-08-11 14:27:00

Disaster Recovery Journal, DRJ Fall Conference, Sep 11, 2022 through Sep 14, 2022. Venue: JW Marriott Desert Ridge Resort & Spa, Phoenix, Ariz...

Neutral

Tranche Update on Citrix Systems, Inc. (NasdaqG...

2022-07-26 16:36:00

From April 1, 2022 to June 30, 2022, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has complete...

Neutral

City of Corona Modernizes IT with Citrix® to Su...

2022-07-26 12:30:00

On August 4, City of Corona will discuss its journey to remote work and how it is using solutions from Citrix Systems, Inc. and its partner NV...

Negative

Vista and Evergreen Announces Executive Changes

2022-07-11 20:05:00

Vista and Evergreen also announced that, upon closing of the transaction, Tom Krause will assume the role of CEO of the combined company. Mr. ...

Neutral

Citrix Systems, Inc. Presents at Microsoft Insp...

2022-07-06 12:58:00

Citrix Systems, Inc. Presents at Microsoft Inspire 2022, Jul-19-2022 through Jul-21-2022. Presentation Date & Speakers: Jul-19-2022, Stacy Sco...

Neutral

Microsoft Corporation, Microsoft Inspire 2022, ...

2022-06-30 11:05:00

Microsoft Corporation, Microsoft Inspire 2022, Jul 19, 2022 through Jul 21, 2022.

Neutral

Marc O’Polo Sews Up Future of Work with Citrix®

2022-06-28 12:30:00

Marc O’Polo has implemented a range of Citrix digital workspace solutions through which it can provide consistent, secure and reliable access ...

Negative

Citrix Systems, Inc.(NasdaqGS:CTXS) dropped fro...

2022-06-24 00:00:00

Citrix Systems, Inc.(NasdaqGS:CTXS) dropped from Russell 1000 Defensive Index

Negative

Citrix Systems, Inc.(NasdaqGS:CTXS) dropped fro...

2022-06-24 00:00:00

Citrix Systems, Inc.(NasdaqGS:CTXS) dropped from Russell 1000 Growth-Defensive Index

Negative

Citrix Systems, Inc.(NasdaqGS:CTXS) dropped fro...

2022-06-24 00:00:00

Citrix Systems, Inc.(NasdaqGS:CTXS) dropped from Russell 1000 Value-Defensive Index

Neutral

Citrix Systems, Inc. Presents at The Next Web C...

2022-06-09 20:10:00

Citrix Systems, Inc. Presents at The Next Web Conference, Jun-16-2022 . Venue: Amsterdam, Netherlands. Speakers: Gerard Lavin, Field CTO, EMEA.

Neutral

The Next Web B.V., the Next Web Conference, Jun...

2022-06-04 03:41:00

The Next Web B.V., The Next Web Conference, Jun 16, 2022 through Jun 17, 2022. Venue: Amsterdam, Netherlands.

Neutral

Citrix Systems, Inc. Presents at BroadcastAsia ...

2022-05-30 19:10:00

Citrix Systems, Inc. Presents at BroadcastAsia 2022, Jun-01-2022 . Venue: Singapore Expo. Speakers: Aston Chew, Head of Sales Engineering, ASE...

Neutral

Citrix Systems, Inc. Partners with Microsoft to...

2022-05-18 14:00:00

Employees want to work from anywhere using any device and expect a streamlined, high-definition experience that allows them to perform at thei...

Neutral

Singapore Exhibition Services (Pte) Limited, Br...

2022-05-09 11:34:00

Singapore Exhibition Services (Pte) Limited, BroadcastAsia 2022, Jun 01, 2022 through Jun 03, 2022. Venue: Singapore Expo.

Neutral

Tranche Update on Citrix Systems, Inc. (NasdaqG...

2022-05-05 17:14:00

From January 1, 2022 to March 31, 2022, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has compl...

Neutral

Citrix Systems, Inc. Collaborates with Microsof...

2022-04-26 12:30:00

Citrix Systems, Inc. announced it is collaborating with Microsoft to help them do it with greater simplicity and speed. The company announced ...

Neutral

Citrix Systems, Inc. Presents at 14th annual He...

2022-04-20 18:19:00

Citrix Systems, Inc. Presents at 14th annual Healthcare Revolution conference, Apr-26-2022 . Speakers: Kate Stemle, Sr. Well-Being & Global Ab...

Neutral

Global Healthcare Resources Inc., 14th annual H...

2022-04-20 17:17:00

Global Healthcare Resources Inc., 14th annual Healthcare Revolution conference, Apr 26, 2022 through Apr 28, 2022.

Positive

Citrix Systems, Inc. Announces That Citrix Daas...

2022-04-20 12:30:00

Citrix Systems, Inc. announced that Citrix DaaS is now available in hybrid cloud and hyperscaler-specific deployment options, making it easier...

Positive

Citrix® Announces General Availability of Citri...

2022-04-04 12:30:00

Citrix Systems, Inc. announced general availability of Citrix Secure Private Access™, a cloud-delivered, Zero-Trust Network Access (ZTNA) offe...

Neutral

Citrix Systems, Inc., Special/Extraordinary Sha...

2022-03-16 20:37:00

Citrix Systems, Inc., Special/Extraordinary Shareholders Meeting, Apr 21, 2022, at 08:00 US Eastern Standard Time. Agenda: To consider and vot...

Neutral

Citrix Systems, Inc. - Shareholder/Analyst Call

2022-03-16 20:37:00

Special meeting of stockholders

Neutral

Tranche Update on Citrix Systems, Inc. (NasdaqG...

2022-02-16 15:29:00

From October 1, 2021 to December 31, 2021, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has co...

Neutral

Citrix Systems Provides Information to its Employees

2022-02-09 17:15:00

On February 9, 2022, Citrix Systems, Inc. announced that it has made available the communication to its employees regarding the proposed acqui...

Positive

Elliott Investment Management and Vista Equity ...

2022-02-01 00:00:00

On February 01, 2022, Elliott Investment Management and Vista Equity Partners announced that they have agreed to acquire software maker Citrix...

Neutral

Citrix Systems, Inc. Presents at Leap event - S...

2022-02-01 00:00:00

Citrix Systems, Inc. Presents at Leap event - Saudi Arabia, Feb-01-2022 through Feb-03-2022. Venue: Riyadh, Saudi Arabia. Presentation Date & ...

Neutral

Citrix Systems Provides Information to its Shareholders

2022-01-31 19:26:00

On January 31, 2022, Citrix Systems Inc. announced that it has agreed to be acquired by a pair of private equity firms in a deal valued at $16...

Neutral

Citrix Systems Sends an Email to its Employees

2022-01-31 17:25:00

On January 31, 2022, Citrix Systems, Inc. delivered an email to its employees regarding the proposed acquisition of the Company by Picard Pare...

Positive

Elliott Investment and Vista Equity Finalize th...

2022-01-31 16:12:00

On January 31, 2022, Elliott Investment Management and Vista Equity Partners are finalizing the purchase of U.S. software company Citrix, in w...

Positive

TIBCO Software Inc. and affiliates of Evergreen...

2022-01-31 00:00:00

TIBCO Software Inc. and affiliates of Evergreen Coast Capital Corp. entered into a definitive agreement to acquire Citrix Systems, Inc. (Nasda...

Positive

Elliott and Vista Reportedly Nears $13 Billion ...

2022-01-30 23:05:00

Elliott Management Corporation and Vista Equity Partners Management, LLC are close to buying Citrix Systems, Inc. (NasdaqGS:CTXS) in a deal th...

Negative

ClaimsFiler Reminds Investors of Pending Deadli...

2021-12-28 03:58:00

ClaimsFiler reminded investors of pending deadline in the Citrix Systems, Inc. securities class action lawsuit. is January 22, 2020 to October...

Positive

Elliott and Vista Reportedly Weighing A Joint B...

2021-12-21 00:00:00

Elliott Investment Management L.P. and Vista Equity Partners Management, LLC are considering a joint bid for Citrix Systems, Inc. (NasdaqGS:CT...

Negative

Bernstein Litowitz Berger & Grossmann LLP Annou...

2021-11-19 23:10:00

Bernstein Litowitz Berger & Grossmann LLP ("BLB&G") filed a class action lawsuit for violations of the federal securities laws in the U.S. Dis...

Neutral

Citrix and Nexthink Announce Strengthened Partn...

2021-11-16 16:15:00

Nexthink and Citrix Systems, Inc. announced the next phase in their partnership. Doubling down on the hybrid nature of work and the added secu...

Negative

Citrix Systems, Inc. Announces Transition of Pa...

2021-11-15 12:00:00

Consistent with its previously-announced plans intended to improve operational efficiency, on November 14, 2021, the board of directors of Cit...

Neutral

Nilkamal Enables Secure Remote Work with Citrix

2021-11-09 13:30:00

Enabling remote work has been a challenge for organizations around the world. When the pandemic hit, Nilkamal Limited had to figure out how to...

Neutral

Greater Raleigh Chamber of Commerce, Chamber Pr...

2021-11-05 19:36:00

Greater Raleigh Chamber of Commerce, Chamber Professional Women's Luncheon, Nov 12, 2021. Venue: Raleigh Marriott Crabtree Valley, 4500 Marrio...

Neutral

Citrix Systems, Inc. Provides Earnings Guidance...

2021-11-04 11:04:00

Citrix Systems, Inc. provided earnings guidance for the full year 2021. For the period, the company's Revenue will be $3.19 billion to $3.20 b...

Positive

Citrix Systems, Inc., $ 0.37, Cash Dividend, De...

2021-11-03 00:00:00

Citrix Systems, Inc., $ 0.37, Cash Dividend, Dec-06-2021

Neutral

ABAG Simplifies Security with Citrix

2021-11-02 12:30:00

Work has changed, and security is changing with it. To keep pace, leading companies are turning to Citrix Systems, Inc. Take The Asamer Bausto...

Neutral

Citrix Systems, Inc. Presents at Druid Summit 2...

2021-10-27 14:39:00

Citrix Systems, Inc. Presents at Druid Summit 2021 Americas, Nov-10-2021 04:10 AM. Speakers: Arun Janarthnam, Senior Principal Architect.

Neutral

Imply Data, Inc., Druid Summit 2021 Americas, N...

2021-10-19 12:00:00

Imply Data, Inc., Druid Summit 2021 Americas, Nov 09, 2021 through Nov 11, 2021.

Neutral

Citrix Systems, Inc. Presents at Innovation@ Wo...

2021-10-13 18:22:00

Citrix Systems, Inc. Presents at Innovation@ Work, Oct-18-2021 through Oct-21-2021. Presentation Date & Speakers: Oct-18-2021, Esther Flammer,...

Neutral

The Economist Newspaper Limited, Innovation@ Wo...

2021-10-13 13:00:00

The Economist Newspaper Limited, Innovation@ Work, Oct 18, 2021 through Oct 21, 2021.

Neutral

The Economist Newspaper Limited, Innovation@ Wo...

2021-10-13 13:00:00

The Economist Newspaper Limited, Innovation@ Work, Oct 18, 2021 through Oct 21, 2021.

Neutral

Citrix Systems, Inc. and Google Cloud Team to D...

2021-10-12 12:00:00

Citrix Systems, Inc. and Google Cloud are expanding their strategic partnership to deliver the future of hybrid work for enterprise customers....

Neutral

HMG Strategy, LLC, 2021 HMG Live! New York CISO...

2021-10-12 06:41:00

HMG Strategy, LLC, 2021 HMG Live! New York CISO Executive Leadership Summit, Dec 08, 2021. Venue: New York City, New York, United States.

Neutral

Citrix Systems, Inc. to Report Q3, 2021 Results...

2021-10-06 20:05:00

Citrix Systems, Inc. announced that they will report Q3, 2021 results Pre-Market on Nov 04, 2021

Neutral

Citrix Systems, Inc., Q3 2021 Earnings Call, No...

2021-10-06 20:05:00

Citrix Systems, Inc., Q3 2021 Earnings Call, Nov 04, 2021

Negative

Citrix Systems, Inc. Announces Management Changes

2021-10-06 20:05:00

Citrix Systems, Inc. announced that Bob Calderoni, Chair of the Citrix Board of Directors has been named President, effective immediately. Mr....

Negative

Citrix Systems, Inc. Announces Executive Changes

2021-10-06 20:05:00

Citrix Systems, Inc. announced that Bob Calderoni, Chair of the Citrix Board of Directors, has been named interim Chief Executive Officer, eff...

Positive

Citrix Systems, Inc. Announces the Launch of Ci...

2021-10-05 12:30:00

Citrix Systems, Inc. announced the launch of Citrix Secure Private Access™, a new cloud-delivered, Zero-Trust Network Access (ZTNA) service th...

Positive

Citrix Systems, Inc Announces the Launch of Cit...

2021-09-28 12:30:00

Citrix Systems, Inc. announced the launch of Citrix App Delivery and Security Service™, a new, intent-based cloud solution that automates the ...

Positive

Hackensack Meridian Health Transforms Patient Care with Citrix Systems, Inc

2022-08-30 12:30:00

Hackensack Meridian Health is changing it. Using digital workspace solutions from Citrix Systems, Inc. Using Citrix Virtual Apps and Desktops™ delivered on Google Chromebooks, HMH was able to provide remote access to the work resources employees needed to engage and be productive, while dynamically applying security policies based on their behavior and environment so they could work from anywhere with the confidence that their applications, information and devices were safe.

Positive

Citrix Systems, Inc. Commences an Offer to Repurchase for Cash Up to $750 Million Aggregate Principal Amount of its Outstanding 4.500% Senior Notes Due 2027 and Expects to Issue Notices of Conditional Redemption Providing for the Redemption of All of its Outstanding 1.250% Senior Notes Due 2026 and 3.300% Senior Notes Due 2030

2022-08-29 20:31:00

On August 29, 2022, pursuant to the Merger Agreement and at the request of Parent, Citrix Systems, Inc. commenced an offer (Repurchase Offer) to repurchase for cash up to $750 million aggregate principal amount of its outstanding 4.500% Senior Notes due 2027 (2027 Notes), at a repurchase price in cash equal to 101% of the aggregate principal amount of the 2027 Notes to be repurchased plus any accrued and unpaid interest on the 2027 Notes to, but excluding, the date of purchase. The Merger will constitute a “Change of Control” under the Indenture, dated as of November 15, 2017 (Base Indenture), by and between the company and Wilmington Trust, National Association, as Trustee (Trustee), as supplemented by the First Supplemental Indenture, dated as of November 15, 2017 (together with the Base Indenture, the “ Indenture”), by and between the Company and the Trustee, and the terms of the 2027 Notes and, assuming the 2027 Notes will cease to be rated investment grade by at least two of the three rating agencies in connection with the Merger (Ratings Event), will constitute a “Change of Control Repurchase Event” under the Indenture requiring the Repurchase Offer. The Repurchase Offer is subject to certain conditions, including both the consummation of the Merger and the occurrence of a Ratings Event in connection with the Merger. The Repurchase Offer may, subject to applicable law, be amended, extended, terminated or withdrawn at any time and for any reason, including if any of the conditions described in the related Offer to Purchase (Offer to Purchase) are not satisfied or waived by the acceptance date of the Repurchase Offer. Holders of the 2027 Notes are not obligated to tender their 2027 Notes to the Company pursuant to the Repurchase Offer, and the completion of the Repurchase Offer is not a condition to the consummation of the Merger. In connection with the Merger, the company expects to issue notices of conditional redemption providing for the redemption of all of its outstanding 1.250% Senior Notes due 2026 (2026 Notes) and 3.300% Senior Notes due 2030 (2030 Notes) at a redemption price equal to 100% of the principal amount of the 2026 Notes or the 2030 Notes, as applicable, plus a make-whole premium, plus accrued and unpaid interest, if any, to, but not including, the redemption date. Any redemption of the 2026 Notes and the 2030 Notes, as applicable, will be conditioned upon the consummation of the Merger. Any redemption of the 2026 Notes or the 2030 Notes will be made solely pursuant to redemption notices delivered pursuant to the Base Indenture and applicable supplemental indentures governing the 2026 Notes and the 2030 Notes, and nothing contained in this report constitutes a notice of redemption of the 2026 Notes or the 2030 Notes.

Neutral

Citrix Systems, Inc. Presents at DRJ Fall Conference, Sep-11-2022

2022-08-11 21:20:00

Citrix Systems, Inc. Presents at DRJ Fall Conference, Sep-11-2022 . Venue: JW Marriott Desert Ridge Resort & Spa, Phoenix, Arizona, United States. Speakers: Michael Allman.

Neutral

Disaster Recovery Journal, DRJ Fall Conference, Sep 11, 2022 through Sep 14, 2022

2022-08-11 14:27:00

Disaster Recovery Journal, DRJ Fall Conference, Sep 11, 2022 through Sep 14, 2022. Venue: JW Marriott Desert Ridge Resort & Spa, Phoenix, Arizona, United States.

Neutral

Tranche Update on Citrix Systems, Inc. (NasdaqGS:CTXS)'s Equity Buyback Plan announced on April 23, 1999.

2022-07-26 16:36:00

From April 1, 2022 to June 30, 2022, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 186,128,196 shares, for $10,209.79 million under the buyback announced on April 23, 1999.

Neutral

City of Corona Modernizes IT with Citrix® to Support Remote Work

2022-07-26 12:30:00

On August 4, City of Corona will discuss its journey to remote work and how it is using solutions from Citrix Systems, Inc. and its partner NVIDIA to accelerate it during an exclusive Fireside Chat. Citrix enables both. And following a successful pilot, Edgeworth and his team moved to modernize its IT infrastructure and cloud-first strategy to support a wider implementation. It started by dissociating traditional hardware from the computing equation and replacing it with Citrix’s cloud-delivered digital workspace solutions, Microsoft Azure NVv6 series powered by NVIDIA GPUs, NVIDIA virtual GPU technology and Azure Virtual Desktop. There are benefits to using Citrix alongside NVIDIA as well. As a Citrix Ready™ Partner, NVIDIA virtual GPU technology is verified to work with Citrix Virtual Apps and Desktops™ to power virtual workstations, desktops, and apps with an immersive user experience that keeps employees productive and engaged.

Negative

Vista and Evergreen Announces Executive Changes

2022-07-11 20:05:00

Vista and Evergreen also announced that, upon closing of the transaction, Tom Krause will assume the role of CEO of the combined company. Mr. Krause previously served as an executive officer of Broadcom Inc., and most recently was responsible for forming and leading the Broadcom Software Group as President, before which he was CFO. Bob Calderoni will continue to serve as Citrix Interim CEO and President until the completion of the transaction.

Neutral

Citrix Systems, Inc. Presents at Microsoft Inspire 2022, Jul-19-2022 through Jul-21-2022

2022-07-06 12:58:00

Citrix Systems, Inc. Presents at Microsoft Inspire 2022, Jul-19-2022 through Jul-21-2022. Presentation Date & Speakers: Jul-19-2022, Stacy Scott, Stephanie Tunis. Jul-20-2022, Jaime Neail, Jitender Kumar, Stacy Scott, Stephanie Tunis. Jul-21-2022, Stacy Scott, Stephanie Tunis.

Neutral

Microsoft Corporation, Microsoft Inspire 2022, Jul 19, 2022 through Jul 21, 2022

2022-06-30 11:05:00

Microsoft Corporation, Microsoft Inspire 2022, Jul 19, 2022 through Jul 21, 2022.

Neutral

Marc O’Polo Sews Up Future of Work with Citrix®

2022-06-28 12:30:00

Marc O’Polo has implemented a range of Citrix digital workspace solutions through which it can provide consistent, secure and reliable access to the systems, applications and data its team needs to get work done, wherever it needs to get done, including: Citrix DaaS™, Citrix Gateway™, Citrix Analytics for Security™ and Citrix Analytics for Performance™. To ensure its collections get in the hands of retail partners in over 30 countries in a timely manner requires reliable access to a host of graphics and creative applications, along with Enterprise Resource Planning software, which controls all the company’s production and sales processes.And, of critical importance, they can do so in a highly secure manner After being hit by a ransomware attack in 2019, Holzner and his team began a complete overhaul of the company’s IT infrastructure to improve the company’s security posture, and with support from Citrix Gold Solution Advisor Provectus Technologies, shifted management of its environment to Citrix Cloud™, leaving only servers with virtual applications operated on-premises. It also provides for continuous monitoring and optimization of the security and performance of the Marc O’Polo digital workspaces via Citrix Analytics for Security, which Holzner says play a central role in the company’s overall security strategy. In addition, the company uses Citrix Analytics for Performance to ensure its users have a reliable experience that enables them to perform at their best. By aggregating and presenting all relevant performance data, the service provides valuable insights and concrete troubleshooting suggestions the Marc O’Polo team can use to quickly identify and resolve issues and mitigate their impact. And it’s seeing results.

Negative

Citrix Systems, Inc.(NasdaqGS:CTXS) dropped from Russell 1000 Defensive Index

2022-06-24 00:00:00

Citrix Systems, Inc.(NasdaqGS:CTXS) dropped from Russell 1000 Defensive Index

Negative

Citrix Systems, Inc.(NasdaqGS:CTXS) dropped from Russell 1000 Growth-Defensive Index

2022-06-24 00:00:00

Citrix Systems, Inc.(NasdaqGS:CTXS) dropped from Russell 1000 Growth-Defensive Index

Negative

Citrix Systems, Inc.(NasdaqGS:CTXS) dropped from Russell 1000 Value-Defensive Index

2022-06-24 00:00:00

Citrix Systems, Inc.(NasdaqGS:CTXS) dropped from Russell 1000 Value-Defensive Index

Neutral

Citrix Systems, Inc. Presents at The Next Web Conference, Jun-16-2022

2022-06-09 20:10:00

Citrix Systems, Inc. Presents at The Next Web Conference, Jun-16-2022 . Venue: Amsterdam, Netherlands. Speakers: Gerard Lavin, Field CTO, EMEA.

Neutral

The Next Web B.V., the Next Web Conference, Jun 16, 2022 through Jun 17, 2022

2022-06-04 03:41:00

The Next Web B.V., The Next Web Conference, Jun 16, 2022 through Jun 17, 2022. Venue: Amsterdam, Netherlands.

Neutral

Citrix Systems, Inc. Presents at BroadcastAsia 2022, Jun-01-2022

2022-05-30 19:10:00

Citrix Systems, Inc. Presents at BroadcastAsia 2022, Jun-01-2022 . Venue: Singapore Expo. Speakers: Aston Chew, Head of Sales Engineering, ASEAN, Julian Badell, Director, Head of Pre-Sales for Asia Pacific and Japan.

Neutral

Citrix Systems, Inc. Partners with Microsoft to Bring New Integrations to Windows 365

2022-05-18 14:00:00

Employees want to work from anywhere using any device and expect a streamlined, high-definition experience that allows them to perform at their best. And together, Citrix Systems, Inc. and Microsoft can deliver it. Citrix announced it is working with Microsoft on an upcoming offering that combines Citrix’s market-leading high-definition user experience (HDX) technology, robust IT policy control, and ecosystem flexibility with Windows 365, the world’s first Cloud PC, offering IT administrators streamlined Citrix user licensing and employees a seamless switch to Citrix clients through Microsoft Endpoint Manager and windows365.microsoft.com. Better Together: Citrix and Microsoft have been partnering for more than three decades to help companies accelerate their digital transformations and power better ways to work, and Citrix is now on the list of Windows 365 Approved Partners. Building on Windows 365’s core value of securely streaming personalized apps, content, and settings from the Microsoft cloud to any device, and Citrix’s strength in virtualization technologies, the new joint solution will enable IT to deliver an enhanced work experience on Cloud PCs that: Allows employees to seamlessly switch to Citrix clients through windows365.microsoft.com Optimizes voice and video performance for multimedia applications. Provides a high-definition, interactive experience across a broad range of endpoint devices and peripherals. Applies granular policy controls to enhance security and protect corporate data. Integrates with third-party identity solutions .

Neutral

Singapore Exhibition Services (Pte) Limited, BroadcastAsia 2022, Jun 01, 2022 through Jun 03, 2022

2022-05-09 11:34:00

Singapore Exhibition Services (Pte) Limited, BroadcastAsia 2022, Jun 01, 2022 through Jun 03, 2022. Venue: Singapore Expo.

Neutral

Tranche Update on Citrix Systems, Inc. (NasdaqGS:CTXS)'s Equity Buyback Plan announced on April 23, 1999.

2022-05-05 17:14:00

From January 1, 2022 to March 31, 2022, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 186,128,196 shares, for $10,209.79 million under the buyback announced on April 23, 1999.

Neutral

Citrix Systems, Inc. Collaborates with Microsoft to Simplify Transition to Hybrid Work

2022-04-26 12:30:00

Citrix Systems, Inc. announced it is collaborating with Microsoft to help them do it with greater simplicity and speed. The company announced that Citrix Desktop as a Service (DaaS) is now available in Azure Marketplace, making it easier than ever for companies to purchase the market-leading solution and use it to quickly stand up the secure, high-performing workspaces that distributed workers demand. Modernizing IT: Citrix DaaS, formerly known as Citrix Virtual Apps and Desktops Service™, is a market-leading cloud service that modernizes IT and addresses the needs of distributed workers by providing a secure, agile and easy way to quickly deliver apps or desktops from any cloud or datacenter to any device worldwide. Using the solution, Microsoft customers can simplify the delivery of Windows and Linux desktops and applications to any device, anywhere and enhance key platforms like Windows 11 and Windows 10 multi-session. Key Features: High-definition HDX Technology - Citrix HDX technology delivers optimized voice and video performance to any device for Teams, Skype, and other multimedia applications and provides an interactive experience regardless of internet connection or location. Comprehensive Management Tools - Built-in tools streamline image management, application lifecycle and IT operations tasks to provide a customized experience to all workers as both Azure and on-prem deployments can be managed from a single interface. Integrated Analytics - Citrixperformance and security analytics capabilities give admins deep visibility into application performance and security concerns, allowing them to quickly address issues and mitigate their impact. Provisioning Services (PVS) - Acclaimed software streaming technology enables desktops and apps to be deployed and re-deployed in real time, from a single shared golden image and gives IT the ability to stream hundreds - or thousands - of cloud-hosted virtual machines in minutes – optimizing cloud resource consumption and improving IT agility. Among the other benefits they can deliver: Enhanced Performance - Workspace environment management service optimizes user density and performance to deliver a superior experience. Improved Security - App protection, dynamic policy control, and watermarking keep data safe from malicious agents or inadvertent data loss. Cost Efficiencies - Autoscaling capabilities rapidly scale environments up or out as needed to support business requirements and keep costs in check. With Citrix DaaS now available in Azure Marketplace, customers have access to key benefits including: The Azure consumption commitment benefit, allowing eligible commercial marketplace offers to contribute towards your organization’s Azure consumption commitment. Simplified procurement and management including access to Azure cost management. Citrix DaaS joins a wide selection of Citrix solutions available in the Azure Marketplace that enable customers to rapidly scale environments into the cloud, and accelerate the transition to the future of work.

Neutral

Citrix Systems, Inc. Presents at 14th annual Healthcare Revolution conference, Apr-26-2022

2022-04-20 18:19:00

Citrix Systems, Inc. Presents at 14th annual Healthcare Revolution conference, Apr-26-2022 . Speakers: Kate Stemle, Sr. Well-Being & Global Absence Manager.

Neutral

Global Healthcare Resources Inc., 14th annual Healthcare Revolution conference, Apr 26, 2022 through Apr 28, 2022

2022-04-20 17:17:00

Global Healthcare Resources Inc., 14th annual Healthcare Revolution conference, Apr 26, 2022 through Apr 28, 2022.

Positive

Citrix Systems, Inc. Announces That Citrix Daas Is Now Available in Hybrid Cloud and Hyperscaler-Specific Deployment Options

2022-04-20 12:30:00

Citrix Systems, Inc. announced that Citrix DaaS is now available in hybrid cloud and hyperscaler-specific deployment options, making it easier than ever for companies to stand up the secure, high-performing workspaces that an increasingly flexible workforce demands. And Citrix DaaS delivers on all fronts. Formerly known as Citrix Virtual Apps and Desktops Service™, the market-leading cloud service modernizes IT and addresses the needs of distributed workers by providing a secure, agile and easy way to quickly deliver apps or desktops from any cloud or datacenter to any device worldwide. Using the solution, IT can: Enhance the User Experience –Provide consistent, simple access to the apps and data employees need to get work done, wherever it needs to get done. Improve Productivity – Serve up unified, one-click access to work resources that empower employees to perform at their best. Strengthen Security – Store sensitive information on a secure cloud server and leverage a zero trust security approach to protect all devices, including unmanaged and Bring Your Own. Increase Business Agility – Scale desktops up or down on demand across all employee types - including FTEs, contingent and seasonal workers, temp labor, freelancers, designers and even partners - to meet flexible work needs. Simplify IT – Rapidly provision desktops in a zero-touch manner to speed onboarding. Lower Costs –Reduce maintenance and TCOfor managed or unmanaged devices connecting to cloud-delivered apps, desktops, and management capabilities.

Positive

Citrix® Announces General Availability of Citrix Secure Private Access™

2022-04-04 12:30:00

Citrix Systems, Inc. announced general availability of Citrix Secure Private Access™, a cloud-delivered, Zero-Trust Network Access (ZTNA) offering that protects access to apps and data from managed, unmanaged and Bring-Your-Own (BYO) devices, enabling employees to work the way they want in a secure, reliable and productive manner, wherever they happen to be. Enabling Secure Hybrid Work: Citrix Secure Private Access is a cloud-delivered, ZTNA solution that provides contextual access to IT-sanctioned applications whether they are deployed on-prem, or in the cloud and delivers security controls for managed, unmanaged and BYO devices. Using the solution, IT organizations can: Provide zero trust network access to all apps, with adaptive authentication to continually evaluate access based on end user roles, locations, device posture, and user risk profiles; Securely support distributed work and BYO programs without risking exposure to malicious content and web-borne threats; Simplify IT while enhancing the digital workspace experience for users. Modernizing Security: They can also enact a fresh approach to security that accommodates the realities of work by giving employees the flexibility to work where they want using the devices of their choice, while ensuring that corporate data and assets remain safe. And many already are. Take HDI Global. With a rapidly growing work-from-home staff in Brazil, the international insurance company had a choice to make: increase investments in traditional servers and virtual machines, or enact a more modern approach to securely delivering apps. It chose the latter and implemented Citrix Workspace™ with Citrix Secure Private Access.

Neutral

Citrix Systems, Inc., Special/Extraordinary Shareholders Meeting, Apr 21, 2022

2022-03-16 20:37:00

Citrix Systems, Inc., Special/Extraordinary Shareholders Meeting, Apr 21, 2022, at 08:00 US Eastern Standard Time. Agenda: To consider and vote on a proposal to adopt the Agreement and Plan of Merger, dated as of January 31, 2022; to approve the compensation that may be paid or may become payable to Citrix's named executive officers in connection with the Merger; and to consider a proposal to adjourn the Special Meeting to a later date or dates, if necessary or appropriate, to solicit additional proxies if there are insufficient votes to adopt the Merger Agreement at the time of the Special Meeting (the adjournment proposal).

Neutral

Citrix Systems, Inc. - Shareholder/Analyst Call

2022-03-16 20:37:00

Special meeting of stockholders

Neutral

Tranche Update on Citrix Systems, Inc. (NasdaqGS:CTXS)'s Equity Buyback Plan announced on April 23, 1999.

2022-02-16 15:29:00

From October 1, 2021 to December 31, 2021, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 186,128,196 shares, for $10,209.79 million under the buyback announced on April 23, 1999.

Neutral

Citrix Systems Provides Information to its Employees

2022-02-09 17:15:00

On February 9, 2022, Citrix Systems, Inc. announced that it has made available the communication to its employees regarding the proposed acquisition of the Company by Picard Parent, Inc., a Delaware Corporation and entity wholly owned by funds affiliated with TIBCO Software, Inc., and proposed merger of the Company with Picard Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent, pursuant to the terms of an agreement and plan of merger, dated January 31, 2022, by and among the Company, TIBCO Software and Picard Merger Sub.

Positive

Elliott Investment Management and Vista Equity Partners Agrees to Acquire Citrix Systems Inc

2022-02-01 00:00:00

On February 01, 2022, Elliott Investment Management and Vista Equity Partners announced that they have agreed to acquire software maker Citrix Systems Inc for $13 billion. Vista Equity Partners and Elliott's private equity arm, Evergreen Coast Capital Corp are paying $104 per share in cash, according to a statement from the Companies. In addition, as part of the transaction, Vista Equity Partners and Evergreen Coast Capital Corp plan to combine the Company with Tibco Software, an enterprise data management firm that's one of Vista Equity Partners portfolio companies.

Neutral

Citrix Systems, Inc. Presents at Leap event - Saudi Arabia, Feb-01-2022 through Feb-03-2022

2022-02-01 00:00:00

Citrix Systems, Inc. Presents at Leap event - Saudi Arabia, Feb-01-2022 through Feb-03-2022. Venue: Riyadh, Saudi Arabia. Presentation Date & Speakers: Feb-01-2022, Christian Reilly. Feb-02-2022, Christian Reilly.

Neutral

Citrix Systems Provides Information to its Shareholders

2022-01-31 19:26:00

On January 31, 2022, Citrix Systems Inc. announced that it has agreed to be acquired by a pair of private equity firms in a deal valued at $16.5 billion, including $3.3 billion in long-term debt. The Company stated that Vista Equity Partners and Evergreen Coast Capital Cooperation, a subsidiary of Elliott Investment Management, have agreed to pay $104 in cash per share for the Company. That's less than the Company's closing price on January 28, 2022 of $105.55. The Company added the deal is expected to close in mid-2022.

Neutral

Citrix Systems Sends an Email to its Employees

2022-01-31 17:25:00

On January 31, 2022, Citrix Systems, Inc. delivered an email to its employees regarding the proposed acquisition of the Company by Picard Parent, Inc., a Delaware Corporation and entity wholly owned by funds affiliated with TIBCO Software, Inc., and proposed merger of the Company with Picard Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent, pursuant to the terms of an agreement and plan of merger, dated January 31, 2022, by and among the Company, Picard Parent, and Picard Merger Sub.

Positive

Elliott Investment and Vista Equity Finalize the Purchase of Citrix for more than 11.5 billion

2022-01-31 16:12:00

On January 31, 2022, Elliott Investment Management and Vista Equity Partners are finalizing the purchase of U.S. software company Citrix, in what would be the largest leveraged transaction in months, following the fall of technology stocks. The deal would amount to $13 billion (11,521 million euros). According to sources the deal could be announced and close at a price of 104 dollars per share. The Company's shares closed on January 28 at 105.55 dollars, after rising 4.81%.

Positive

TIBCO Software Inc. and affiliates of Evergreen Coast Capital Corp. entered into a definitive agreement to acquire Citrix Systems, Inc. (NasdaqGS:CTXS) from Elliott Management Corporation and others for $13.6 billion.

2022-01-31 00:00:00

TIBCO Software Inc. and affiliates of Evergreen Coast Capital Corp. entered into a definitive agreement to acquire Citrix Systems, Inc. (NasdaqGS:CTXS) from Elliott Management Corporation and others for $13.6 billion on January 31, 2022. Citrix will be acquired in an all-cash transaction valued at $16.5 billion, including the assumption of Citrix debt. Under the terms of the agreement, Citrix shareholders will receive $104 in cash per share. The per share purchase price represents a premium of 30% over the company’s unaffected 5-day VWAP as of December 7, 2021, the last trading day before market speculation regarding a potential transaction, and a premium of 24% over the closing price on December 20, 2021, the last trading day prior to media reports regarding a potential bid from Vista and Evergreen. The transaction provides the shareholders with significant immediate cash value. Vista Equity Partners Management, LLC and Evergreen intend to combine Citrix and TIBCO Software, one of Vista’s portfolio companies. As a result of transaction, Citrix will go private. Citrix will continue to operate under the Citrix name and brand, and will remain headquartered in Fort Lauderdale, Florida. Citrix shareholders will receive a 30% premium to Citrix’s unaffected price. Under certain circumstances and in compliance with certain obligations set forth in the Merger Agreement, Citrix is permitted to terminate the agreement prior to receipt of the Stockholder Approval to accept a Superior Proposal, subject to the payment of a termination fee of $409 million. The agreement provides that TIBCO shall pay Citrix an $818 million termination fee (i) if Citrix terminates the Merger Agreement due to certain uncured breaches by TIBCO, Merger Sub or TIBCO or because TIBCO fails to consummate the Merger after all conditions are met. TIBCO has obtained equity and debt financing commitments for the transactions contemplated by the Merger Agreement, the aggregate proceeds of which, together with cash on hand at TIBCO and the Company, will be sufficient for Parent to pay the aggregate Merger Consideration and all related fees and expenses of Parent and Merger Sub and to repay the Company’s outstanding debt. Elliott Associates, L.P. and Elliott International, L.P., funds affiliated with Elliott, have committed, pursuant to an equity commitment letter dated as of January 31, 2022, to capitalize Parent, at or prior to the Effective Time, with an aggregate equity contribution in an amount of $2.275 billion, on the terms and subject to the conditions set forth in the Equity Commitment Letters. Bank of America, N.A., Credit Suisse AG, Goldman Sachs Bank USA, Barclays Bank PLC, Citigroup Global Markets Inc., Deutsche Bank AG New York Branch, Deutsche Bank AG Cayman Islands Branch, KKR Capital Markets LLC, Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc. and Royal Bank of Canada have committed to provide debt financing for the Merger consisting of (i) a senior secured term loan facility in an aggregate principal amount equal to $7.05 billion, (ii) a senior secured revolving credit facility in an aggregate principal amount equal to $1.0 billion, (iii) a senior secured bridge term facility in an aggregate principal amount equal to $4.0 billion and (iv) an unsecured bridge term facility in an aggregate principal amount equal to $3.95 billion, in each case, on the terms and subject to the conditions set forth in a commitment letter, dated as of January 31, 2022 and delivered to the Company in advance of execution of the Merger Agreement. Vista and Evergreen also announced today that, upon closing of the transaction, Tom Krause will assume the role of Chief Executive Officer of the combined company. Bob Calderoni will continue to serve as Citrix Interim Chief Executive Officer and President until the completion of the transaction. The transaction is subject to approval by Citrix shareholders and receipt of regulatory approvals, the consents required under the Antitrust Laws and applicable foreign investment regulations overseen by the relevant Governmental Authority of the jurisdictions, Citrix stockholder approval and other closing conditions. The transaction is not subject to a financing condition. Elliott and certain of its affiliates, which hold an approximately 12% interest in Citrix through a combination of outstanding shares of Citrix common stock and derivatives, have entered into a voting agreement with Citrix, pursuant to which they have agreed, among other things, to vote their shares of Citrix common stock in favor of the transaction. TIBCO’s Board has approved the agreement. The transaction has been unanimously approved by the members of the Citrix Board of Directors. As of March 16, 2022, the shareholders meeting of Citrix is scheduled on April 21, 2022. As of April 21, 2022, the shareholders of Citrix has approved the deal. As of March 16, 2022, the waiting period under Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired. As of July 6, 2022, the transaction was approved by The Competition Commission of India. As of July 13, 2022, the European Commission has approved the deal. As of September 7, 2022, all regulatory approvals required under the agreement have been obtained. The transaction is expected to close in mid of 2022. As of July 11, 2022, the transaction is expected to close in third quarter of 2022. As of September 7, 2022, Citrix expects the merger to close during the last week of September 2022, subject to satisfaction of the remaining customary closing conditions. As of September 22, 2022, the transaction is expected to close on September 30, 2022. Qatalyst Partners acted as financial advisor with a service fee of $5 million while Goodwin Procter LLP acted as legal advisor for Citrix. BofA Securities, Barclays, Citi, Credit Suisse, Goldman Sachs & Co. LLC, Lazard, and Mizuho Securities USA LLC acted as financial advisors for Vista and Evergreen. David Klein, Chelsea Darnell, Daniel Wolf, Stuart Casillas, Simon Root, Eva Mak, Sonali Jindal, Austin Glassman, Josh Korff, Tim Cruickshank, Jennifer Lee, David Kung, Heidi Yuen and Rohit Nafday of Kirkland & Ellis LLP acted as legal advisors for TIBCO and Vista. Richard J. Birns of Gibson, Dunn & Crutcher LLP and Ryan Rafferty, Jeffrey Ross, of Debevoise & Plimpton LLP acted as legal advisors for Evergreen. The Company Board has received from Qatalyst Partners, LP an opinion. Morgan Stanley acted as financial advisor to Evergreen and Vista Equity parent of TIBCO Software Inc. MacKenzie Partners, Inc. acted as information agent to Citrix. AZB & Partners acted as legal advisor to Evergreen Coast Capital Corp. and Vista Equity Partners. Wilson Sonsini Goodrich & Rosati advised Qatalyst Partners, the financial advisor to Citrix.

Positive

Elliott and Vista Reportedly Nears $13 Billion Deal to Buy Citrix

2022-01-30 23:05:00

Elliott Management Corporation and Vista Equity Partners Management, LLC are close to buying Citrix Systems, Inc. (NasdaqGS:CTXS) in a deal that values the U.S. cloud computing company at about $13 billion, according to a person familiar with the matter. The deal, which could be announced as soon as early this week, came after Elliott and Vista jointly tapped the loan market to fund their cash bid for Citrix at $104 per share. Once taking Citrix private, Vista plans to merge it with Tibco, another data analytics software firm it owns. The cash bid comes lower than where Citrix stock closed at $105.55 on January 29, 2022. Still, the price represents a premium to its lows in December. Citrix’s products allow employees of companies to access their network remotely. However, it failed to capitalize on the rise of remote working during the COVID-19 pandemic because it spent too much on its salesforce and too little on its distribution partners, Citrix interim Chief Executive Robert Calderoni said on the company’s most recent quarterly earnings call. Citrix, Elliott and Vista did not immediately respond to requests for comment. Elliott, the hedge fund that has amassed a stake in Citrix, has been looking for partners to take the company private since last October, sources said.

Negative

ClaimsFiler Reminds Investors of Pending Deadline in Citrix Systems, Inc. Securities Class Action Lawsuit

2021-12-28 03:58:00

ClaimsFiler reminded investors of pending deadline in the Citrix Systems, Inc. securities class action lawsuit. is January 22, 2020 to October 6, 2021. Lead plaintiff motion deadline is January 18, 2022.

Positive

Elliott and Vista Reportedly Weighing A Joint Bid for Citrix Systems

2021-12-21 00:00:00

Elliott Investment Management L.P. and Vista Equity Partners Management, LLC are considering a joint bid for Citrix Systems, Inc. (NasdaqGS:CTXS), according to people familiar with the matter. Vista is considering using its portfolio company TIBCO Software Inc. as part of the transaction, the people said, asking not to be identified because the matter is private. The discussions are in the early stages and Elliott and Vista could still decide not to pursue a bid, the people said. Citrix has been exploring options including a potential sale, Bloomberg News reported in September 2021. Those considerations came as Elliott took a 10% stake in Citrix, its second time investing in the workplace software maker based in Fort Lauderdale, Florida. They added that new management is laying the groundwork to improve sales execution but M&A remains a strategic alternative. Representatives for Citrix and Tibco didn’t immediately respond to requests for comment. Representatives for Vista and Elliott declined to comment.

Negative

Bernstein Litowitz Berger & Grossmann LLP Announces the Filing of a Securities Class Action Lawsuit Against Citrix Systems, Inc

2021-11-19 23:10:00

Bernstein Litowitz Berger & Grossmann LLP ("BLB&G") filed a class action lawsuit for violations of the federal securities laws in the U.S. District Court for the Southern District of Florida against Citrix Systems, Inc. ("Citrix" or the "Company") and certain of its current and former senior executives (collectively, "Defendants") on behalf of investors in Citrix common stock between January 22, 2020 and October 6, 2021, inclusive (the "Class Period"). BLB&G filed this action on behalf of its client, City of Hollywood Police Officers' Retirement System, and the case is captioned City of Hollywood Police Officers' Retirement System v. Citrix Systems, Inc., No. 21-cv-62380 (S.D. Fla.).  The complaint is based on an extensive investigation and a careful evaluation of the merits of this case. Headquartered in Fort Lauderdale, Florida, Citrix is a software company that provides users with secure remote access to computer networks.  Historically, Citrix's technology was located "on-premise," installed directly onto computer servers owned and operated by its customers.  Customers purchased licenses through a perpetual license model, meaning a purchaser would pay upfront for lifetime access and support, with the cost of the licenses based on the number of users each customer supported.  In 2019, Citrix began a two-pronged transition of its business model.  First, the Company began to transfer its software platform from the on-premise model to a cloud-based model.  In the cloud model, Citrix hosts its software on servers owned and maintained by Citrix, rather than on customers' servers.  Second, Citrix transitioned to a subscription-based payment system: instead of paying once per user for a license, Citrix's subscription model required customers to pay a yearly subscription cost. The complaint alleges that, throughout the Class Period, Defendants repeatedly, falsely assured investors that the transition from on-premise to the cloud product was going smoothly.  In addition, in response to the COVID-19 pandemic and the shift to remote work, Citrix created a shorter duration, on-premise subscription license (the "Business Continuity Licenses") that the Company offered at a discounted rate, and which Defendants claimed would transition to cloud accounts after the one-year license expired.  As a result of Defendants' misrepresentations, Citrix common stock traded at artificially inflated prices during the Class Period. The truth about Citrix's difficulties transitioning to the cloud was revealed through a series of disclosures.  First, on April 29, 2021, Citrix announced lower than expected license conversions of the Business Continuity Licenses.  Specifically, the Company explained that the Business Continuity Licenses did not transition to long-term cloud contracts as expected.  Instead, many customers "rolled to another short-term" on-premise license, citing the ongoing COVID-19 pandemic. Then, on July 29, 2021, the Company announced that the transition to cloud was not as successful as the Company had led investors to believe.  Further, Citrix announced a major restructuring of its sales leadership in order to "enhance their focus on" cloud migration.  According to the Company, these changes were "significant and may cause short-term disruption before yielding tangible results."  Finally, on October 6, 2021, the Company announced that David Henshall had stepped down as President and CEO of Citrix.  As a result of these disclosures, Citrix's share price declined precipitously. If they wish to serve as Lead Plaintiff for the Class, they must file a motion with the Court no later than January 18, 2022, which is the first business day on which the U.S. District Court for the Southern District of Florida is open that is 60 days after the publication date of November 19, 2021. Any member of the proposed Class may seek to serve as Lead Plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed Class.

Neutral

Citrix and Nexthink Announce Strengthened Partnership to Power Hybrid Work

2021-11-16 16:15:00

Nexthink and Citrix Systems, Inc. announced the next phase in their partnership. Doubling down on the hybrid nature of work and the added security it demands, Nexthink and Citrix are joining forces to provide organizations with one view for end-to-end visibility of employee’s digital experiences for customers leveraging Citrix secure remote work solutions. Virtual app and desktop solutions play a crucial role in enabling organizations to continue their adoption of the hybrid work environment. Citrix provides the Desktop-as-a-service (DaaS) and Virtual Desktop Infrastructure (VDI) solutions for flexible work by giving employees consistent, secure, reliable access to all the applications and tools they need to be productive, on any device and from any location. Even when not pushing the boundaries of when and where work can get done, employees may use different workspaces for different technology needs in the same day, making the support for all those platforms more complex. This is why understanding their unique requirements, and proactively delivering on them, is key to offering the best employee experience. Through the strengthened partnership: Nexthink will be a key vendor for Digital Employee Experience Management supporting Citrix’s DaaS and VDI solutions. New integrations will be created on both platforms to allow end user computing (EUC) teams and Virtual Desktop Infrastructure (VDI) operation teams to deliver great computing experience to their users. Customers will be able to view, engage, and manage end-to-end digital experience from wherever they choose to consume actionable insights, including Citrix Analytics for Performance™, a unique offering that delivers real-time actionable insights with individual user experience scores, empowering IT to provide employees with a great experience on every app, every time. These deep insights into an organization’s Citrix virtual environment, combined with Nexthink’s advanced employee experience insights, will provide IT admins with a single view, enabling them to proactively or even automatically resolve issues before the user submits a help ticket – significantly improving the employee remote work experience. This partnership builds on the Citrix Ready designation that Nexthink technologies achieved earlier this year.

Negative

Citrix Systems, Inc. Announces Transition of Paul J. Hough from Serving as Executive Vice President and Chief Product Officer to Serving as an Advisor to the Company’s Chief Executive Officer

2021-11-15 12:00:00

Consistent with its previously-announced plans intended to improve operational efficiency, on November 14, 2021, the board of directors of Citrix Systems, Inc. approved a restructuring program (the “Restructuring Program”). The Restructuring Program will include, among other things, the elimination of full-time positions, termination of certain contracts, and asset impairments, primarily related to facilities consolidations. Any position elimination proposals in countries outside the United States will be subject to local law and consultation requirements. In connection with the Restructuring Program, Paul J. Hough will transition from serving as Executive Vice President and Chief Product Officer of the Company to serving as an advisor to the Company’s Chief Executive Officer effective on November 15, 2021.

Neutral

Nilkamal Enables Secure Remote Work with Citrix

2021-11-09 13:30:00

Enabling remote work has been a challenge for organizations around the world. When the pandemic hit, Nilkamal Limited had to figure out how to equip employees across its eight manufacturing plants, network of more than 1,000 distributors, over 20,000 dealers, and 80 stores to work from anywhere in a consistent and secure way to keep business moving. And it turned to Citrix Systems, Inc. for help. Delivered as part of Citrix Workspace™, Citrix Virtual Apps and Desktops enables organizations to serve up personalized access to the systems, information and tools their employees need in one, unified experience and dynamically apply security policies based on a user’s behavior and environment so they can work when, where and how they want with the confidence that their applications, information and devices are safe.

Neutral

Greater Raleigh Chamber of Commerce, Chamber Professional Women's Luncheon, Nov 12, 2021

2021-11-05 19:36:00

Greater Raleigh Chamber of Commerce, Chamber Professional Women's Luncheon, Nov 12, 2021. Venue: Raleigh Marriott Crabtree Valley, 4500 Marriott Drive, Raleigh, North Carolina, United States.

Neutral

Citrix Systems, Inc. Provides Earnings Guidance for the Full Year 2021

2021-11-04 11:04:00

Citrix Systems, Inc. provided earnings guidance for the full year 2021. For the period, the company's Revenue will be $3.19 billion to $3.20 billion. GAAP DilutedEPS will be $1.81 to $1.87.

Positive

Citrix Systems, Inc., $ 0.37, Cash Dividend, Dec-06-2021

2021-11-03 00:00:00

Citrix Systems, Inc., $ 0.37, Cash Dividend, Dec-06-2021

Neutral

ABAG Simplifies Security with Citrix

2021-11-02 12:30:00

Work has changed, and security is changing with it. To keep pace, leading companies are turning to Citrix Systems, Inc. Take The Asamer Baustoffe AG Group (ABAG Group). To accommodate the new reality of hybrid work, the company has implemented Citrixdigital workspace and secure access solutions to protect its remote workers and the apps and information they rely on to get things done in a simple, unified way. And it is delivered across the globe using over 100 points of presence as a single, integrated solution that combines multiple security services: A secure web gateway uses URL filtering to block access to unwanted websites and scans all encrypted and unencrypted web content for potential threats. Cloud access security broker functions help identify and manage access to sanctioned and unsanctioned SaaS applications. Malware protection and sand-boxing capabilities keep employees protected from known, unknown, and zero-day threats. Data loss prevention and anomaly detection functions ensure that sensitive corporate information is not lost to bad actors.

Neutral

Citrix Systems, Inc. Presents at Druid Summit 2021 Americas, Nov-10-2021 04:10 AM

2021-10-27 14:39:00

Citrix Systems, Inc. Presents at Druid Summit 2021 Americas, Nov-10-2021 04:10 AM. Speakers: Arun Janarthnam, Senior Principal Architect.

Neutral

Imply Data, Inc., Druid Summit 2021 Americas, Nov 09, 2021 through Nov 11, 2021

2021-10-19 12:00:00

Imply Data, Inc., Druid Summit 2021 Americas, Nov 09, 2021 through Nov 11, 2021.

Neutral

Citrix Systems, Inc. Presents at Innovation@ Work, Oct-18-2021 through Oct-21-2021

2021-10-13 18:22:00

Citrix Systems, Inc. Presents at Innovation@ Work, Oct-18-2021 through Oct-21-2021. Presentation Date & Speakers: Oct-18-2021, Esther Flammer, Vice-president, head of wrike marketing, Paul J. Hough, Executive VP & Chief Product Officer.

Neutral

The Economist Newspaper Limited, Innovation@ Work, Oct 18, 2021 through Oct 21, 2021

2021-10-13 13:00:00

The Economist Newspaper Limited, Innovation@ Work, Oct 18, 2021 through Oct 21, 2021.

Neutral

The Economist Newspaper Limited, Innovation@ Work, Oct 18, 2021 through Oct 21, 2021

2021-10-13 13:00:00

The Economist Newspaper Limited, Innovation@ Work, Oct 18, 2021 through Oct 21, 2021.

Neutral

Citrix Systems, Inc. and Google Cloud Team to Deliver Future of Hybrid Work

2021-10-12 12:00:00

Citrix Systems, Inc. and Google Cloud are expanding their strategic partnership to deliver the future of hybrid work for enterprise customers. The companies announced a new collaboration which will include Citrix launching a new Desktop-as-a-Service (DaaS) offering on Google Cloud. The service will leverage Citrix’s management plane and market-leading HDX protocol to enable seamless delivery of virtualized applications and desktops on Google Cloud. The expanded partnership will empower distributed and hybrid workers to securely access the tools and information they need to engage and be productive, wherever they happen to be. Under the terms of an expanded agreement: Citrix will become a preferred and strategic virtual desktop service partner of Google Cloud; Google will become a preferred and strategic cloud partner for Citrix; Citrix will build a foundation of their cloud services on Google Cloud, starting with a Citrix purpose-built management plane that will enable cloud hosted desktops to stream any application on any end point device. This announcement builds upon years of close collaboration between Citrix and Google Cloud. And customers like Telecom Italia are ready to capitalize on it.

Neutral

HMG Strategy, LLC, 2021 HMG Live! New York CISO Executive Leadership Summit, Dec 08, 2021

2021-10-12 06:41:00

HMG Strategy, LLC, 2021 HMG Live! New York CISO Executive Leadership Summit, Dec 08, 2021. Venue: New York City, New York, United States.

Neutral

Citrix Systems, Inc. to Report Q3, 2021 Results on Nov 04, 2021

2021-10-06 20:05:00

Citrix Systems, Inc. announced that they will report Q3, 2021 results Pre-Market on Nov 04, 2021

Neutral

Citrix Systems, Inc., Q3 2021 Earnings Call, Nov 04, 2021

2021-10-06 20:05:00

Citrix Systems, Inc., Q3 2021 Earnings Call, Nov 04, 2021

Negative

Citrix Systems, Inc. Announces Management Changes

2021-10-06 20:05:00

Citrix Systems, Inc. announced that Bob Calderoni, Chair of the Citrix Board of Directors has been named President, effective immediately. Mr. Calderoni succeeds David J. Henshall, who has stepped down as President and as a member of the Company’s Board. Further, Ajei Gopal, a member of the Board of Directors of the Company elected in 2017, advised the Board of his decision to resign from the Board effective October 4, 2021. Dr. Gopal advised the Company that his decision does not involve any disagreement with the Company or Board. Rather Dr. Gopal, who is President and Chief Executive Officer of Ansys, Inc., resigned to avoid any potential conflict of interest that could arise because Mr. Calderoni is a member of the Board of Directors at Ansys. Bob Calderoni has served as a member of the Citrix Board since June 2014, served as interim CEO from October 2015 through January 2016, and served as Executive Chairman of the Board from July 2015 through December 2018. He currently serves as Chairman of the Board. He is also a member of the Board of Directors of KLA Tencor and Ansys.

Negative

Citrix Systems, Inc. Announces Executive Changes

2021-10-06 20:05:00

Citrix Systems, Inc. announced that Bob Calderoni, Chair of the Citrix Board of Directors, has been named interim Chief Executive Officer, effective immediately. Mr. Calderoni succeeds David J. Henshall, who has stepped down as President and CEO and as a member of the Company’s Board. Bob Calderoni has served as a member of the Citrix Board since June 2014, served as interim CEO from October 2015 through January 2016, and served as Executive Chairman of the Board from July 2015 through December 2018. He currently serves as Chairman of the Board. He is also a member of the Board of Directors of KLA Tencor and Ansys.

Positive

Citrix Systems, Inc. Announces the Launch of Citrix Secure Private Access

2021-10-05 12:30:00

Citrix Systems, Inc. announced the launch of Citrix Secure Private Access™, a new cloud-delivered, Zero-Trust Network Access (ZTNA) service that protects access to apps and data from managed, unmanaged and Bring-Your-Own (BYO) devices, enabling employees to work the way they want in a secure, reliable and productive manner, wherever they happen to be. IT wants to accommodate what users want, but traditional solutions make it difficult. This is exactly what Citrix Secure Private Access is designed to enable. Enabling Secure, Productive Hybrid Work: Leveraging new adaptive authentication and access policies in conjunction with security controls, including watermarking, preventing clipboard access, protection from keylogger and screen capturing malware and browser isolation, Citrix Secure Private Access provides simple, contextual access to all apps and data employees need to perform at their best in a consistent, reliable manner. Using the service, IT can: Provide access to users based on zero trust principles of least privilege access - Enable security controls to allow flexibility and choice in devices used to get work done - Support all access types and work scenarios. Keep access to all application types, including TCP, browser-based and VDI, secure in a unified manner across multi-cloud environments. And they can do it in a way that is completely transparent to employees, allowing them to work free from complexity and distractions with the confidence that their information and devices are safe. Enhancing the Employee Experience: They can also remove the friction and frustration from work caused by everything from the need for employees to manage multiple logins and install multiple end point agents to restrictions on devices they can use and locations they can connect from by providing instant and seamless access to apps using native browsers or using an agent on any device. Moving to Zero-Trust and Modern IT: Citrix Secure Private Access is also uniquely designed to enable the modern, zero-trust approach to securing apps that remote work environments demand as it: Adaptively grants least-privilege access based on user behaviors and access patterns - Continuously monitors and assesses user activities and automates security controls based on anomalies detected - Provides unified management and distributed enforcement across the entire environment. Citrix Secure Private Access is the latest addition to Citrix’s portfolio of secure access offerings, which when used in conjunction with Citrix Secure Internet Access™, Citrix SD-WAN™ and Citrix Web App and API Protection™, provide a unified, comprehensive approach to securing apps and data while improving the employee experience and simplifying operations.

Positive

Citrix Systems, Inc Announces the Launch of Citrix App Delivery and Security Service

2021-09-28 12:30:00

Citrix Systems, Inc. announced the launch of Citrix App Delivery and Security Service™, a new, intent-based cloud solution that automates the process in real-time. The first and only solution of its kind, Citrix App Delivery and Security service removes the complexity from every step of app delivery, including provisioning, securing, on-boarding, and management, empowering IT to deliver a superior experience that keeps users engaged and productive.Citrix App Delivery and Security Service is uniquely designed to help IT transform app delivery from a slow, manual process based largely on guesswork into an efficient, automated one driven by intent so they can gain the agility needed to keep pace with the business and deliver meaningful outcomes. Among the key features of the solution: Intent-based - Automatically translates business and technical intent into application delivery and security policies and configurations. Administrators can, for instance, define a maximum acceptable application latency threshold for a region, and servers and systems will adjust to keep app delivery within the parameters. Self-Healing and Continuously Optimizing - Auto-detects and corrects application delivery issues like performance degradation, new demands and outages. When a slow server is uncovered, it can be automatically removed from the load balancing pool. Internet-State Aware – Collects and analyzes 10 billion data points a day from more than one billion users across 50,000 networks in 200 countries to provide real-time visibility into state of the Internet through Citrix Intelligent Traffic Management™. Armed with this data, IT can optimize the application experience for individual users and prescribe the best locations for additional hosting sites if traffic increases to maintain service levels. Integrated App and API Security- Integrated web application firewall, Bot management and API protection fuels holistic protection of most valuable and vulnerable assets. Citrix Application Delivery and Security Service will be generally available in the fourth quarter of 2021.

Fundamental Summary

At a high level, the metrics from Citrix Systems's Q2 financial report release were demonstrably positive. Their positive growth and value factors indicate that the company is likely to continue to produce impressive results for the foreseeable future, as well. This relative strength should allow Citrix Systems to continue to perform well even in a tough market. As such, Citrix Systems received an overall score of 87 and a STRONG BUY recommendation.

Citrix Systems reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 859.52 million compared to USD 812.11 million a year ago. Net income was USD 115.46 million compared to USD 62.77 million a year ago. Basic earnings per share from continuing operations was USD 0.91 compared to USD 0.51 a year ago. Diluted earnings per share from continuing operations was USD 0.9 compared to USD 0.5 a year ago.For the six months, revenue was USD 1,684.86 million compared to USD 1,587.88 million a year ago. Net income was USD 175.69 million compared to USD 152.81 million a year ago. Basic earnings per share from continuing operations was USD 1.39 compared to USD 1.24 a year ago. Diluted earnings per share from continuing operations was USD 1.38 compared to USD 1.21 a year ago.

Business Description

Citrix Systems, 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 in March 2009. Citrix Systems was incorporated in 1989 and is headquartered in Fort Lauderdale, Florida.

Sector Overview

Citrix Systems is included in the Software according to GICS (global industry classification standard). The Software industry is part of the Information Technology sector. Companies included engage in the development and production of applications, systems, and home entertainment software for the business and consumer markets. Citrix Systems's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 7.0B 2.1% 76
Liabilities 6.2B -0.2% 61
Price to Book 15.8 -17.2% 93
Cash & Equivalents 865.6M 19.1% 87
Equity 824.4M 24.0% 80
EBITDA 762.6M 15.2% 90
Total Revenues 3.3B 1.5% 76
Parameter Value Change Score
Return on Equity 59.1 -2.6% 57
Net Cashflow 364.5M 46.4% 62
Capital Expenditure -72.0M 8.1% 83
Asset Turnover 0.5 -0.4% 59
Free Cashflow Per Share 5.4 4.8% 73
* All values are TTM

The below chart reflects Citrix Systems's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Citrix Systems's peer average final assessment score stands on 66, Citrix Systems's score is 87.

  •  CTXS
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Microsoft Corporation 1.8T 83 70 66
Buy
78
78 0 1
Adobe Inc. 129.6B 83 68 69
Buy
79
79 1 1
Intuit Inc. 113.0B 58 69 69
Hold
67
67 2 1
Synopsys, Inc. 46.8B 68 65 73
Hold
72
72 3 1
Cadence Design Systems, Inc. 44.7B 66 71 73
Hold
75
75 4 1
Autodesk, Inc. 40.6B 86 72 79
Strong Buy
90
90 5 1
ANSYS, Inc. 19.8B 60 73 69
Hold
71
71 6 1
Check Point Software Technologies Ltd. 13.9B 65 73 73
Hold
76
76 7 1
NortonLifeLock Inc. 13.7B 54 72 81
Hold
74
74 8 1
PTC Inc. 12.2B 72 69 61
Hold
69
69 9 1
Bentley Systems, Incorporated 9.7B 79 71 67
Hold
78
78 10 1
Manhattan Associates, Inc. 8.2B 66 63 73
Hold
69
69 11 1
Open Text Corporation 7.1B 72 71 60
Hold
71
71 12 1
Qualys, Inc. 5.4B 63 65 81
Hold
74
74 13 1
Paycor HCM, Inc. 5.0B 59 50 91
Hold
68
68 14 1
SPS Commerce, Inc. 4.4B 80 67 75
Buy
81
81 15 1
Pegasystems Inc. 2.6B 53 66 64
Underperform
59
59 16 1
ACI Worldwide, Inc. 2.3B 72 69 75
Hold
78
78 17 1
MicroStrategy Incorporated 2.3B 53 69 88
Hold
75
75 18 1
Commvault Systems, Inc. 2.3B 74 61 75
Hold
74
74 19 1
Blackbaud, Inc. 2.3B 73 69 52
Hold
65
65 20 1
Progress Software Corporation 1.8B 82 71 68
Buy
81
81 21 1
Agilysys, Inc. 1.2B 73 67 70
Hold
74
74 22 1
InterDigital, Inc. 1.2B 75 68 73
Hold
78
78 23 1
Sapiens International Corporation N.V. 1.1B 62 67 68
Hold
69
69 24 1
Magic Software Enterprises Ltd. 767.8M 62 66 64
Hold
63
63 25 1
LivePerson, Inc. 694.6M 50 55 77
Underperform
58
58 26 1
Ebix, Inc. 583.8M 63 78 71
Hold
77
77 27 1
American Software, Inc. 504.4M 58 75 67
Hold
70
70 28 1
Allot Ltd. 140.9M 53 68 72
Hold
67
67 29 1
SeaChange International, Inc. 21.5M 57 75 84
Hold
70
70 30 1
Oracle Corporation 168.3B 85 73 55
Hold
75
75 31 1
Salesforce, Inc. 148.7B 70 55 61
Underperform
59
59 32 1
VMware, Inc. 45.8B 82 72 65
Buy
79
79 33 1
Roper Technologies, Inc. 38.9B 75 72 62
Hold
74
74 34 1
Tyler Technologies, Inc. 14.2B 75 70 65
Hold
74
74 35 1
Fair Isaac Corporation 10.7B 69 79 66
Hold
77
77 36 1
Teradata Corporation 3.2B 72 70 54
Hold
66
66 37 1
NCR Corporation 2.8B 75 70 57
Hold
69
69 38 1
The Reynolds and Reynolds Company 2.6B 73 75 51
Hold
68
68 39 1
JDA Software Group, Inc. 1.9B 71 70 58
Hold
62
62 40 1
LiveRamp Holdings, Inc. 1.3B 56 51 72
Underperform
56
56 41 1
Model N, Inc. 1.2B 70 81 74
Buy
84
84 42 1
Comverse Technology Inc. 956.4M 82 65 93
Buy
83
83 43 1
Aspect Communications Corp. 921.1M 70 76 57
Hold
69
69 44 1
Micromuse, Inc. 796.1M 94 61 69
Buy
78
78 45 1
ChannelAdvisor Corporation 655.5M 68 70 78
Buy
78
78 46 1
Verity Inc. 492.6M 80 60 65
Hold
68
68 47 1
8x8, Inc. 434.3M 59 69 82
Hold
75
75 48 1
Mitek Systems, Inc. 434.2M 49 73 59
Underperform
58
58 49 1
ON24, Inc. 413.1M 52 66 65
Underperform
59
59 50 1
OneSpan Inc. 343.2M 57 83 70
Hold
77
77 51 1
CyberGuard Corp. 306.4M 64 75 70
Hold
70
70 52 1
Support.com, Inc. 286.0M 62 80 54
Hold
72
72 53 1
eGain Corporation 234.4M 78 50 67
Hold
64
64 54 1
Carreker Corporation 201.4M 69 71 76
Hold
77
77 55 1
BindView Development Corp. 194.0M 61 86 66
Hold
67
67 56 1
CDC Corporation 183.5M 72 84 70
Buy
81
81 57 1
RADCOM Ltd. 160.5M 63 57 83
Hold
65
65 58 1
Smith Micro Software, Inc. 131.6M 70 64 58
Hold
65
65 59 1
Asure Software, Inc. 107.8M 61 51 90
Underperform
59
59 60 1
Intrusion Inc. 89.0M 57 80 77
Hold
71
71 61 1
Centra Software Inc. 69.0M 65 89 84
Buy
79
79 62 1
MIND C.T.I. Ltd 44.4M 64 72 75
Hold
72
72 63 1
Intellicheck, Inc. 43.7M 63 71 77
Hold
69
69 64 1
Aware, Inc. 40.9M 68 77 77
Hold
76
76 65 1
NetSol Technologies, Inc. 34.3M 63 59 89
Hold
64
64 66 1
Comamtech Inc. 34.0M 71 69 66
Hold
68
68 67 1
RealNetworks, Inc. 32.8M 55 74 59
Hold
62
62 68 1
Soluna Holdings, Inc. 26.3M 59 59 79
Underperform
60
60 69 1
BSQUARE Corporation 23.9M 64 80 69
Hold
73
73 70 1
Metro One Telecommunications, Inc. 22.9M 73 70 52
Hold
66
66 71 1
Mer Telemanagement Solutions Ltd. 20.1M 69 75 60
Hold
71
71 72 1
Alphaform AG 19.8M 64 70 71
Hold
66
66 73 1
GSE Systems, Inc. 19.3M 58 64 62
Underperform
58
58 74 1
Symbolic Logic, Inc. 16.1M 75 60 57
Hold
64
64 75 1
Sonic Foundry, Inc. 13.8M 74 57 38
Underperform
58
58 76 1
BIO-key International, Inc. 12.3M 57 51 84
Underperform
54
54 77 1
Qumu Corporation 10.9M 51 83 94
Hold
73
73 78 1
Cyren Ltd. 8.1M 69 68 69
Hold
69
69 79 1
LiveWorld, Inc. 7.1M 64 74 75
Hold
73
73 80 1
Kaspien Holdings Inc. 5.5M 64 58 58
Underperform
59
59 81 1
Elcom International Inc. 5.4M 37 69 88
Hold
64
64 82 1
iSign Solutions Inc. 4.4M 70 74 83
Hold
77
77 83 1
SAFLINK Corp 4.3M 48 86 95
Hold
73
73 84 1
CMSF Corp. 4.2M 78 82 86
Buy
85
85 85 1
Healthaxis Inc. 1.8M 52 60 82
Underperform
53
53 86 1
Insignia Solutions plc 956.8K 52 68 85
Underperform
60
60 87 1
eMerge Interactive Inc. 483.7K 96 79 58
Buy
83
83 88 1
Ezenia!, Inc. 358.8K 63 55 65
Underperform
56
56 89 1
Democrasoft Holdings, Inc. 13.1K 85 83 58
Buy
86
86 90 1
Artificial Life, Inc. 7.9K 48 71 77
Underperform
60
60 91 1
NeoMedia Technologies, Inc. 5.1K 62 54 93
Hold
64
64 92 1
Cistera Networks, Inc. 5.0K 71 64 73
Hold
68
68 93 1
Cicero Inc. 208.0 75 78 77
Buy
82
82 94 1
Live Microsystems, Inc. 132.0 51 80 77
Hold
65
65 95 1
Applied Visual Sciences, Inc. 107.0 78 73 79
Buy
81
81 96 1
Peace Arch Entertainment Group Inc. 49.0 67 39 73
Underperform
56
56 97 1

Macro Environment

Neutral
76

Typically, the stock market in United States will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world. Our assessment is that these two events may influence global market sentiment. On the negative side we have the consumer price index and future intrest rates, and on the positive side we have the labor market.

Positive Labor market

A positive sign in the economy right now is the labor market. Employers have added nearly six million jobs in the past year, and unemployment has matched a 50-year low. The unemployment rate is used as a measure of the economy's health as a high employment rate is generally considered to have a positive effect on a country's GDP.

Negative Consumer price index and future intrest rates

Many investors were surprised by the high CPI numbers in the US, resulting in a strengthening dollar index, since interest rates are expected to continue to rise at an even steeper pace than expected. In light of the fact that many companies sell their goods and services outside the US, the strengthening of the dollar could be a difficult headwind for them. The exchange rate losses will continue to occur if the dollar continues to strengthen, with the continuation of hot data from the American economy as well as the Fed's hawkish tone and the continuation of interest rate increases.

Besides the events we mentioned, there are also specific events related to the Software & Services industry of which Citrix Systems, Inc. is a part. As a result, we believe that the global chip supply is a positive event that will continue to support the industry in the future, whereas the rising interest rate may cloud the sector's shares.

Positive Global chip supply

After more than a year of disruption, global chip supply shortages are finally showing signs of relief. Since chips play an important role in the Software & Services industry, this is excellent news.

Negative Rising interest rate

Historically, the companies most sensitive to interest rate hikes are companies that are sensitive to changes in the discount rate, companies that pay a high cost for the capital used for current operations, or companies that pay a high dividend.

In considering the current macro environment and the risks that might affect Citrix Systems, Inc. stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated Citrix Systems, Inc. macro environment with the score of 76.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Citrix Systems's stock is now priced above its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the near, medium, and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Citrix Systems's stock indicates that it's likely oversold. Overall, these technical indicators signal positive upward momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 78.

Bullish 78
Close Price 103.8
52W Low 78.72
52W High 108.43
5D MA 103.78
50D MA 102.75
200D MA 100.14
MACD 0.35
RSI 0.79
STOCH 96.43

Balance Sheet Analysis

Overall, Citrix Systems's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. Citrix Systems publishes solid book value factor metrics in this report. Price to book ratio (P/B) now sits at 15.8 and represents a -17.2% change from the previous report. The company's book value factor metrics are even more remarkable when compared to their peers. The company's book value factors component, therefore, received a grade of 93. Also, Citrix Systems did a great job related to cash and cash equivalents this period, which stood at 865.6M, representing a 19.1% change from the previous filing. Its impressive cash and cash equivalents metrics should support upward pressure on its's stock price. Therefore, its cash and cash equivalents movement earned a score of 87. At the same time, one critical balance sheet metric, Liabilities, was notably weak. At filing, Citrix Systems's liabilities were 6.2B, representing a -0.2% change from the previous period. These liabilities metrics show that management has been unsuccessful in encouraging healthy growth while managing liabilities. Its liabilities movement component, therefore, received a grade of 61. Similarly, because the company's management is doing an excellent job managing these critical metrics, the balance sheet was given a score of 85.

Parameter Value Change Score
Assets 7.0B 2.1% 76
Liabilities 6.2B -0.2% 61
Price to Book 15.8 -17.2% 93
Cash & Equivalents 865.6M 19.1% 87
Equity 824.4M 24.0% 80
* All values are TTM

The below chart describes Citrix Systems's performance as reflected on its balance sheet with respect to its peers. While Citrix Systems received a balance sheet score of 85, the average of its peers stands on 65.

  •  CTXS
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Microsoft Corporation 1.8T 77.0 64.0 83.0 83.0 77.0 83 0 1
Adobe Inc. 129.6B 66.0 74.0 82.0 89.0 76.0 83 1 1
Intuit Inc. 113.0B 57.0 72.0 64.0 47.0 54.0 58 2 1
Synopsys, Inc. 46.8B 69.0 60.0 76.0 53.0 72.0 68 3 1
Cadence Design Systems, Inc. 44.7B 75.0 70.0 63.0 56.0 51.0 66 4 1
Autodesk, Inc. 40.6B 61.0 72.0 93.0 61.0 92.0 86 5 1
ANSYS, Inc. 19.8B 60.0 59.0 69.0 46.0 76.0 60 6 1
Check Point Software Technologies Ltd. 13.9B 63.0 75.0 65.0 59.0 57.0 65 7 1
NortonLifeLock Inc. 13.7B 54.0 77.0 58.0 41.0 43.0 54 8 1
PTC Inc. 12.2B 80.0 52.0 70.0 77.0 82.0 72 9 1
Bentley Systems, Incorporated 9.7B 56.0 69.0 93.0 43.0 89.0 79 10 1
Manhattan Associates, Inc. 8.2B 71.0 68.0 64.0 67.0 54.0 66 11 1
Open Text Corporation 7.1B 64.0 74.0 72.0 75.0 63.0 72 12 1
Qualys, Inc. 5.4B 66.0 77.0 62.0 43.0 48.0 63 13 1
Paycor HCM, Inc. 5.0B 51.0 78.0 54.0 68.0 62.0 59 14 1
SPS Commerce, Inc. 4.4B 70.0 71.0 79.0 76.0 73.0 80 15 1
Pegasystems Inc. 2.6B 61.0 81.0 41.0 49.0 43.0 53 16 1
ACI Worldwide, Inc. 2.3B 66.0 76.0 70.0 75.0 58.0 72 17 1
MicroStrategy Incorporated 2.3B 64.0 80.0 43.0 45.0 37.0 53 18 1
Commvault Systems, Inc. 2.3B 54.0 76.0 73.0 64.0 84.0 74 19 1
Blackbaud, Inc. 2.3B 77.0 65.0 68.0 51.0 75.0 73 20 1
Progress Software Corporation 1.8B 62.0 77.0 80.0 92.0 77.0 82 21 1
Agilysys, Inc. 1.2B 51.0 77.0 72.0 66.0 85.0 73 22 1
InterDigital, Inc. 1.2B 90.0 71.0 62.0 78.0 46.0 75 23 1
Sapiens International Corporation N.V. 1.1B 50.0 78.0 58.0 69.0 62.0 62 24 1
Magic Software Enterprises Ltd. 767.8M 47.0 67.0 59.0 69.0 76.0 62 25 1
LivePerson, Inc. 694.6M 65.0 76.0 39.0 54.0 38.0 50 26 1
Ebix, Inc. 583.8M 68.0 81.0 52.0 54.0 49.0 63 27 1
American Software, Inc. 504.4M 51.0 73.0 61.0 54.0 66.0 58 28 1
Allot Ltd. 140.9M 62.0 73.0 48.0 46.0 52.0 53 29 1
SeaChange International, Inc. 21.5M 66.0 74.0 43.0 54.0 40.0 57 30 1
Oracle Corporation 168.3B 62.0 69.0 94.0 60.0 92.0 85 31 1
Salesforce, Inc. 148.7B 62.0 73.0 66.0 71.0 74.0 70 32 1
VMware, Inc. 45.8B 61.0 74.0 80.0 53.0 98.0 82 33 1
Roper Technologies, Inc. 38.9B 57.0 87.0 66.0 54.0 72.0 75 34 1
Tyler Technologies, Inc. 14.2B 59.0 78.0 69.0 76.0 79.0 75 35 1
Fair Isaac Corporation 10.7B 80.0 76.0 60.0 54.0 43.0 69 36 1
Teradata Corporation 3.2B 70.0 80.0 63.0 92.0 46.0 72 37 1
NCR Corporation 2.8B 63.0 74.0 71.0 64.0 80.0 75 38 1
The Reynolds and Reynolds Company 2.6B 71.0 71.0 41.0 42.0 89.0 73 39 1
JDA Software Group, Inc. 1.9B 56.0 78.0 60.0 85.0 63.0 71 40 1
LiveRamp Holdings, Inc. 1.3B 50.0 78.0 64.0 50.0 47.0 56 41 1
Model N, Inc. 1.2B 68.0 71.0 61.0 80.0 69.0 70 42 1
Comverse Technology Inc. 956.4M 37.0 78.0 44.0 39.0 94.0 82 43 1
Aspect Communications Corp. 921.1M 62.0 70.0 51.0 77.0 81.0 70 44 1
Micromuse, Inc. 796.1M 62.0 94.0 92.0 40.0 56.0 94 45 1
ChannelAdvisor Corporation 655.5M 74.0 77.0 61.0 46.0 47.0 68 46 1
Verity Inc. 492.6M 66.0 88.0 83.0 59.0 51.0 80 47 1
8x8, Inc. 434.3M 77.0 78.0 38.0 72.0 38.0 59 48 1
Mitek Systems, Inc. 434.2M 45.0 78.0 53.0 68.0 54.0 49 49 1
ON24, Inc. 413.1M 57.0 77.0 45.0 49.0 48.0 52 50 1
OneSpan Inc. 343.2M 54.0 78.0 61.0 58.0 44.0 57 51 1
CyberGuard Corp. 306.4M 64.0 71.0 83.0 65.0 52.0 64 52 1
Support.com, Inc. 286.0M 63.0 71.0 51.0 79.0 52.0 62 53 1
eGain Corporation 234.4M 74.0 66.0 73.0 73.0 88.0 78 54 1
Carreker Corporation 201.4M 72.0 76.0 57.0 58.0 65.0 69 55 1
BindView Development Corp. 194.0M 64.0 66.0 49.0 56.0 79.0 61 56 1
CDC Corporation 183.5M 69.0 73.0 84.0 52.0 59.0 72 57 1
RADCOM Ltd. 160.5M 69.0 71.0 49.0 59.0 54.0 63 58 1
Smith Micro Software, Inc. 131.6M 80.0 64.0 92.0 40.0 46.0 70 59 1
Asure Software, Inc. 107.8M 64.0 66.0 49.0 88.0 54.0 61 60 1
Intrusion Inc. 89.0M 73.0 69.0 43.0 85.0 37.0 57 61 1
Centra Software Inc. 69.0M 59.0 68.0 48.0 58.0 87.0 65 62 1
MIND C.T.I. Ltd 44.4M 63.0 69.0 53.0 48.0 63.0 64 63 1
Intellicheck, Inc. 43.7M 71.0 70.0 49.0 79.0 53.0 63 64 1
Aware, Inc. 40.9M 68.0 79.0 48.0 68.0 58.0 68 65 1
NetSol Technologies, Inc. 34.3M 70.0 70.0 52.0 87.0 48.0 63 66 1
Comamtech Inc. 34.0M 78.0 66.0 66.0 96.0 45.0 71 67 1
RealNetworks, Inc. 32.8M 64.0 66.0 52.0 43.0 43.0 55 68 1
Soluna Holdings, Inc. 26.3M 64.0 42.0 43.0 94.0 95.0 59 69 1
BSQUARE Corporation 23.9M 68.0 69.0 52.0 63.0 60.0 64 70 1
Metro One Telecommunications, Inc. 22.9M 69.0 73.0 69.0 95.0 37.0 73 71 1
Mer Telemanagement Solutions Ltd. 20.1M 83.0 63.0 74.0 61.0 55.0 69 72 1
Alphaform AG 19.8M 63.0 67.0 44.0 81.0 61.0 64 73 1
GSE Systems, Inc. 19.3M 67.0 68.0 45.0 66.0 49.0 58 74 1
Symbolic Logic, Inc. 16.1M 66.0 74.0 96.0 42.0 48.0 75 75 1
Sonic Foundry, Inc. 13.8M 74.0 64.0 50.0 71.0 97.0 74 76 1
BIO-key International, Inc. 12.3M 69.0 68.0 47.0 52.0 43.0 57 77 1
Qumu Corporation 10.9M 63.0 66.0 47.0 38.0 37.0 51 78 1
Cyren Ltd. 8.1M 76.0 93.0 37.0 92.0 38.0 69 79 1
LiveWorld, Inc. 7.1M 71.0 73.0 51.0 68.0 55.0 64 80 1
Kaspien Holdings Inc. 5.5M 77.0 70.0 73.0 43.0 38.0 64 81 1
Elcom International Inc. 5.4M 79.0 61.0 37.0 39.0 37.0 37 82 1
iSign Solutions Inc. 4.4M 69.0 72.0 42.0 64.0 71.0 70 83 1
SAFLINK Corp 4.3M 77.0 62.0 43.0 40.0 61.0 48 84 1
CMSF Corp. 4.2M 42.0 68.0 79.0 90.0 50.0 78 85 1
Healthaxis Inc. 1.8M 84.0 62.0 50.0 51.0 49.0 52 86 1
Insignia Solutions plc 956.8K 76.0 62.0 66.0 37.0 41.0 52 87 1
eMerge Interactive Inc. 483.7K 85.0 68.0 93.0 90.0 96.0 96 88 1
Ezenia!, Inc. 358.8K 48.0 66.0 69.0 63.0 52.0 63 89 1
Democrasoft Holdings, Inc. 13.1K 47.0 74.0 94.0 94.0 90.0 85 90 1
Artificial Life, Inc. 7.9K 66.0 51.0 46.0 58.0 52.0 48 91 1
NeoMedia Technologies, Inc. 5.1K 65.0 80.0 38.0 98.0 40.0 62 92 1
Cistera Networks, Inc. 5.0K 52.0 93.0 41.0 51.0 37.0 71 93 1
Cicero Inc. 208.0 76.0 74.0 48.0 45.0 82.0 75 94 1
Live Microsystems, Inc. 132.0 63.0 53.0 73.0 41.0 45.0 51 95 1
Applied Visual Sciences, Inc. 107.0 71.0 93.0 43.0 84.0 54.0 78 96 1
Peace Arch Entertainment Group Inc. 49.0 63.0 82.0 44.0 41.0 38.0 67 97 1

Income Statement Analysis

Citrix Systems appears likely to maintain its strong income statement metrics, especially EBITDA and Revenue Efficiency. Citrix Systems's management did a remarkable job this period managing its EBITDA. In terms of the raw numbers, EBITDA was reported as 762.6M, which represents a 15.2% change from the last period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 16.5%. The company is headed in the right direction regarding EBITDA, exhibiting efficient capital controls and strong overall financial performance. Consequently, their EBITDA movement received a grade of 90. That said, one metric, Return Factors, stood out as strongly negative. Citrix Systems's reported return on equity (ROE) ratio was 59.1, representing a change of -2.6%. This metric might have a 1.5 percent impact on companies in the same industry and with the same market capitalization. The company's return factor metrics return on equity and return on assets are even more concerning when compared to their peers. Consequently, their return factors received a grade of 57. their income statement received an overall score of 81.

Parameter Value Change Score
EBITDA 762.6M 15.2% 90
Total Revenues 3.3B 1.5% 76
Return on Equity 59.1 -2.6% 57
* All values are TTM

The below chart describes Citrix Systems's performance as reflected on its income statement with respect to its peers. While Citrix Systems received a income statement score of 81 , the average of its peers stands on 63.

  •  CTXS
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Microsoft Corporation 1.8T 67.0 74.0 64.0 70 0 1
Adobe Inc. 129.6B 65.0 71.0 65.0 68 1 1
Intuit Inc. 113.0B 85.0 51.0 59.0 69 2 1
Synopsys, Inc. 46.8B 62.0 70.0 70.0 65 3 1
Cadence Design Systems, Inc. 44.7B 61.0 83.0 73.0 71 4 1
Autodesk, Inc. 40.6B 63.0 85.0 65.0 72 5 1
ANSYS, Inc. 19.8B 76.0 71.0 64.0 73 6 1
Check Point Software Technologies Ltd. 13.9B 82.0 62.0 70.0 73 7 1
NortonLifeLock Inc. 13.7B 78.0 62.0 84.0 72 8 1
PTC Inc. 12.2B 76.0 60.0 71.0 69 9 1
Bentley Systems, Incorporated 9.7B 60.0 86.0 61.0 71 10 1
Manhattan Associates, Inc. 8.2B 63.0 63.0 70.0 63 11 1
Open Text Corporation 7.1B 81.0 62.0 54.0 71 12 1
Qualys, Inc. 5.4B 58.0 72.0 76.0 65 13 1
Paycor HCM, Inc. 5.0B 54.0 43.0 72.0 50 14 1
SPS Commerce, Inc. 4.4B 64.0 72.0 64.0 67 15 1
Pegasystems Inc. 2.6B 91.0 37.0 52.0 66 16 1
ACI Worldwide, Inc. 2.3B 68.0 70.0 74.0 69 17 1
MicroStrategy Incorporated 2.3B 84.0 45.0 95.0 69 18 1
Commvault Systems, Inc. 2.3B 73.0 49.0 54.0 61 19 1
Blackbaud, Inc. 2.3B 63.0 80.0 38.0 69 20 1
Progress Software Corporation 1.8B 58.0 84.0 83.0 71 21 1
Agilysys, Inc. 1.2B 56.0 80.0 75.0 67 22 1
InterDigital, Inc. 1.2B 47.0 93.0 81.0 68 23 1
Sapiens International Corporation N.V. 1.1B 66.0 70.0 65.0 67 24 1
Magic Software Enterprises Ltd. 767.8M 66.0 66.0 76.0 66 25 1
LivePerson, Inc. 694.6M 69.0 40.0 54.0 55 26 1
Ebix, Inc. 583.8M 79.0 75.0 74.0 78 27 1
American Software, Inc. 504.4M 75.0 76.0 55.0 75 28 1
Allot Ltd. 140.9M 80.0 58.0 48.0 68 29 1
SeaChange International, Inc. 21.5M 64.0 67.0 93.0 75 30 1
Oracle Corporation 168.3B 75.0 67.0 93.0 73 31 1
Salesforce, Inc. 148.7B 58.0 53.0 55.0 55 32 1
VMware, Inc. 45.8B 75.0 69.0 56.0 72 33 1
Roper Technologies, Inc. 38.9B 74.0 70.0 64.0 72 34 1
Tyler Technologies, Inc. 14.2B 63.0 76.0 78.0 70 35 1
Fair Isaac Corporation 10.7B 78.0 78.0 84.0 79 36 1
Teradata Corporation 3.2B 90.0 47.0 54.0 70 37 1
NCR Corporation 2.8B 61.0 77.0 94.0 70 38 1
The Reynolds and Reynolds Company 2.6B 85.0 57.0 63.0 75 39 1
JDA Software Group, Inc. 1.9B 83.0 50.0 88.0 70 40 1
LiveRamp Holdings, Inc. 1.3B 60.0 42.0 50.0 51 41 1
Model N, Inc. 1.2B 69.0 95.0 69.0 81 42 1
Comverse Technology Inc. 956.4M 61.0 68.0 94.0 65 43 1
Aspect Communications Corp. 921.1M 89.0 49.0 53.0 76 44 1
Micromuse, Inc. 796.1M 50.0 71.0 96.0 61 45 1
ChannelAdvisor Corporation 655.5M 78.0 60.0 63.0 70 46 1
Verity Inc. 492.6M 79.0 41.0 94.0 60 47 1
8x8, Inc. 434.3M 53.0 90.0 56.0 69 48 1
Mitek Systems, Inc. 434.2M 61.0 83.0 71.0 73 49 1
ON24, Inc. 413.1M 87.0 41.0 55.0 66 50 1
OneSpan Inc. 343.2M 81.0 90.0 45.0 83 51 1
CyberGuard Corp. 306.4M 82.0 62.0 66.0 75 52 1
Support.com, Inc. 286.0M 92.0 63.0 91.0 80 53 1
eGain Corporation 234.4M 60.0 41.0 39.0 50 54 1
Carreker Corporation 201.4M 82.0 79.0 46.0 71 55 1
BindView Development Corp. 194.0M 74.0 93.0 67.0 86 56 1
CDC Corporation 183.5M 63.0 98.0 38.0 84 57 1
RADCOM Ltd. 160.5M 71.0 50.0 62.0 57 58 1
Smith Micro Software, Inc. 131.6M 91.0 49.0 60.0 64 59 1
Asure Software, Inc. 107.8M 59.0 43.0 61.0 51 60 1
Intrusion Inc. 89.0M 71.0 78.0 81.0 80 61 1
Centra Software Inc. 69.0M 83.0 94.0 68.0 89 62 1
MIND C.T.I. Ltd 44.4M 66.0 71.0 72.0 72 63 1
Intellicheck, Inc. 43.7M 90.0 57.0 69.0 71 64 1
Aware, Inc. 40.9M 79.0 73.0 71.0 77 65 1
NetSol Technologies, Inc. 34.3M 69.0 64.0 45.0 59 66 1
Comamtech Inc. 34.0M 96.0 60.0 57.0 69 67 1
RealNetworks, Inc. 32.8M 90.0 59.0 75.0 74 68 1
Soluna Holdings, Inc. 26.3M 39.0 71.0 56.0 59 69 1
BSQUARE Corporation 23.9M 81.0 68.0 87.0 80 70 1
Metro One Telecommunications, Inc. 22.9M 90.0 66.0 55.0 70 71 1
Mer Telemanagement Solutions Ltd. 20.1M 82.0 69.0 69.0 75 72 1
Alphaform AG 19.8M 56.0 72.0 82.0 70 73 1
GSE Systems, Inc. 19.3M 84.0 48.0 70.0 64 74 1
Symbolic Logic, Inc. 16.1M 77.0 47.0 63.0 60 75 1
Sonic Foundry, Inc. 13.8M 93.0 37.0 57.0 57 76 1
BIO-key International, Inc. 12.3M 41.0 54.0 61.0 51 77 1
Qumu Corporation 10.9M 87.0 83.0 62.0 83 78 1
Cyren Ltd. 8.1M 85.0 56.0 65.0 68 79 1
LiveWorld, Inc. 7.1M 60.0 77.0 80.0 74 80 1
Kaspien Holdings Inc. 5.5M 92.0 45.0 52.0 58 81 1
Elcom International Inc. 5.4M 61.0 74.0 65.0 69 82 1
iSign Solutions Inc. 4.4M 84.0 65.0 71.0 74 83 1
SAFLINK Corp 4.3M 95.0 86.0 54.0 86 84 1
CMSF Corp. 4.2M 88.0 85.0 68.0 82 85 1
Healthaxis Inc. 1.8M 82.0 40.0 63.0 60 86 1
Insignia Solutions plc 956.8K 39.0 78.0 69.0 68 87 1
eMerge Interactive Inc. 483.7K 98.0 67.0 67.0 79 88 1
Ezenia!, Inc. 358.8K 95.0 37.0 57.0 55 89 1
Democrasoft Holdings, Inc. 13.1K 98.0 69.0 80.0 83 90 1
Artificial Life, Inc. 7.9K 86.0 57.0 69.0 71 91 1
NeoMedia Technologies, Inc. 5.1K 38.0 57.0 82.0 54 92 1
Cistera Networks, Inc. 5.0K 56.0 60.0 71.0 64 93 1
Cicero Inc. 208.0 38.0 86.0 87.0 78 94 1
Live Microsystems, Inc. 132.0 93.0 66.0 69.0 80 95 1
Applied Visual Sciences, Inc. 107.0 68.0 71.0 77.0 73 96 1
Peace Arch Entertainment Group Inc. 49.0 49.0 40.0 50.0 39 97 1

Cash Flow Analysis

Our overall assessment of Citrix Systems's cash flow statement look encouraging regarding Citrix Systems's ability to generate cash to support normal operations and positive growth. Citrix Systems's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -72.0M, which represents a 8.1% change from the last period. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. Consequently, their CapEx movement received a grade of 83. Also, Free cash flow numbers published by Citrix Systems were 5.4, which was a 4.8% change from the previous filing. Companies in the same industry and market capitalization are typically affected by this parameter by up to 7.2%. These free cash flow numbers show that management has executed well while generating cash flow and encouraging growth. The company's free cash flow movement, therefore, received a grade of 73. On the other hand, Asset Turnover, jumped out as looking rather underwhelming. Citrix Systems's asset turnover metrics were concerning and highlighted potential issues management is having effectively turning assets into sales efficiently. At filing, their asset turnover metrics were 0.5, representing a -0.4% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 11.4%. Their asset turnover numbers are significantly less impressive when compared to their peers and competitors. Therefore, their asset turnover movement earned a score of 59. Their cash flow, therefore, earned a score of 65.

Parameter Value Change Score
Net Cashflow 364.5M 46.4% 62
Capital Expenditure -72.0M 8.1% 83
Asset Turnover 0.5 -0.4% 59
Free Cashflow Per Share 5.4 4.8% 73
* All values are TTM

The below chart describes Citrix Systems's performance as reflected on its cash flow with respect to its peers. While Citrix Systems received a cash flow score of 65, the average of its peers stands on 69.

  •  CTXS
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Microsoft Corporation 1.8T 75.0 72.0 66.0 58.0 66 0 1
Adobe Inc. 129.6B 69.0 71.0 58.0 70.0 69 1 1
Intuit Inc. 113.0B 71.0 61.0 43.0 75.0 69 2 1
Synopsys, Inc. 46.8B 68.0 70.0 54.0 78.0 73 3 1
Cadence Design Systems, Inc. 44.7B 72.0 62.0 50.0 81.0 73 4 1
Autodesk, Inc. 40.6B 80.0 73.0 85.0 76.0 79 5 1
ANSYS, Inc. 19.8B 58.0 70.0 77.0 70.0 69 6 1
Check Point Software Technologies Ltd. 13.9B 65.0 74.0 82.0 74.0 73 7 1
NortonLifeLock Inc. 13.7B 82.0 63.0 68.0 86.0 81 8 1
PTC Inc. 12.2B 52.0 75.0 62.0 60.0 61 9 1
Bentley Systems, Incorporated 9.7B 88.0 81.0 66.0 50.0 67 10 1
Manhattan Associates, Inc. 8.2B 72.0 72.0 54.0 75.0 73 11 1
Open Text Corporation 7.1B 56.0 62.0 51.0 64.0 60 12 1
Qualys, Inc. 5.4B 74.0 59.0 87.0 87.0 81 13 1
Paycor HCM, Inc. 5.0B 76.0 89.0 95.0 89.0 91 14 1
SPS Commerce, Inc. 4.4B 76.0 71.0 83.0 71.0 75 15 1
Pegasystems Inc. 2.6B 57.0 41.0 48.0 80.0 64 16 1
ACI Worldwide, Inc. 2.3B 63.0 75.0 88.0 75.0 75 17 1
MicroStrategy Incorporated 2.3B 76.0 84.0 74.0 91.0 88 18 1
Commvault Systems, Inc. 2.3B 58.0 61.0 89.0 83.0 75 19 1
Blackbaud, Inc. 2.3B 59.0 58.0 62.0 48.0 52 20 1
Progress Software Corporation 1.8B 82.0 75.0 98.0 52.0 68 21 1
Agilysys, Inc. 1.2B 48.0 50.0 89.0 82.0 70 22 1
InterDigital, Inc. 1.2B 51.0 60.0 80.0 84.0 73 23 1
Sapiens International Corporation N.V. 1.1B 66.0 77.0 71.0 65.0 68 24 1
Magic Software Enterprises Ltd. 767.8M 58.0 53.0 77.0 72.0 64 25 1
LivePerson, Inc. 694.6M 75.0 48.0 75.0 86.0 77 26 1
Ebix, Inc. 583.8M 59.0 76.0 82.0 70.0 71 27 1
American Software, Inc. 504.4M 76.0 54.0 37.0 74.0 67 28 1
Allot Ltd. 140.9M 59.0 76.0 71.0 79.0 72 29 1
SeaChange International, Inc. 21.5M 74.0 81.0 82.0 87.0 84 30 1
Oracle Corporation 168.3B 74.0 53.0 48.0 50.0 55 31 1
Salesforce, Inc. 148.7B 88.0 64.0 75.0 45.0 61 32 1
VMware, Inc. 45.8B 68.0 57.0 89.0 60.0 65 33 1
Roper Technologies, Inc. 38.9B 54.0 51.0 65.0 69.0 62 34 1
Tyler Technologies, Inc. 14.2B 93.0 84.0 66.0 43.0 65 35 1
Fair Isaac Corporation 10.7B 55.0 74.0 38.0 73.0 66 36 1
Teradata Corporation 3.2B 54.0 53.0 87.0 49.0 54 37 1
NCR Corporation 2.8B 80.0 56.0 81.0 44.0 57 38 1
The Reynolds and Reynolds Company 2.6B 40.0 81.0 82.0 55.0 51 39 1
JDA Software Group, Inc. 1.9B 48.0 67.0 57.0 56.0 58 40 1
LiveRamp Holdings, Inc. 1.3B 70.0 53.0 43.0 85.0 72 41 1
Model N, Inc. 1.2B 91.0 86.0 60.0 61.0 74 42 1
Comverse Technology Inc. 956.4M 96.0 93.0 51.0 81.0 93 43 1
Aspect Communications Corp. 921.1M 67.0 85.0 50.0 54.0 57 44 1
Micromuse, Inc. 796.1M 82.0 94.0 38.0 62.0 69 45 1
ChannelAdvisor Corporation 655.5M 82.0 58.0 78.0 81.0 78 46 1
Verity Inc. 492.6M 68.0 89.0 76.0 59.0 65 47 1
8x8, Inc. 434.3M 70.0 89.0 66.0 83.0 82 48 1
Mitek Systems, Inc. 434.2M 82.0 66.0 62.0 48.0 59 49 1
ON24, Inc. 413.1M 74.0 43.0 88.0 65.0 65 50 1
OneSpan Inc. 343.2M 72.0 38.0 48.0 86.0 70 51 1
CyberGuard Corp. 306.4M 69.0 71.0 71.0 68.0 70 52 1
Support.com, Inc. 286.0M 49.0 43.0 97.0 48.0 54 53 1
eGain Corporation 234.4M 55.0 81.0 39.0 73.0 67 54 1
Carreker Corporation 201.4M 87.0 84.0 60.0 69.0 76 55 1
BindView Development Corp. 194.0M 40.0 71.0 85.0 79.0 66 56 1
CDC Corporation 183.5M 64.0 70.0 73.0 65.0 70 57 1
RADCOM Ltd. 160.5M 87.0 89.0 61.0 75.0 83 58 1
Smith Micro Software, Inc. 131.6M 53.0 56.0 84.0 58.0 58 59 1
Asure Software, Inc. 107.8M 94.0 82.0 38.0 89.0 90 60 1
Intrusion Inc. 89.0M 57.0 72.0 95.0 89.0 77 61 1
Centra Software Inc. 69.0M 87.0 87.0 75.0 75.0 84 62 1
MIND C.T.I. Ltd 44.4M 76.0 74.0 58.0 73.0 75 63 1
Intellicheck, Inc. 43.7M 89.0 93.0 85.0 54.0 77 64 1
Aware, Inc. 40.9M 71.0 78.0 92.0 73.0 77 65 1
NetSol Technologies, Inc. 34.3M 97.0 97.0 78.0 69.0 89 66 1
Comamtech Inc. 34.0M 70.0 89.0 94.0 60.0 66 67 1
RealNetworks, Inc. 32.8M 62.0 53.0 77.0 54.0 59 68 1
Soluna Holdings, Inc. 26.3M 78.0 50.0 46.0 88.0 79 69 1
BSQUARE Corporation 23.9M 65.0 78.0 53.0 72.0 69 70 1
Metro One Telecommunications, Inc. 22.9M 56.0 66.0 38.0 50.0 52 71 1
Mer Telemanagement Solutions Ltd. 20.1M 67.0 64.0 66.0 54.0 60 72 1
Alphaform AG 19.8M 48.0 66.0 68.0 85.0 71 73 1
GSE Systems, Inc. 19.3M 56.0 56.0 90.0 62.0 62 74 1
Symbolic Logic, Inc. 16.1M 47.0 41.0 87.0 64.0 57 75 1
Sonic Foundry, Inc. 13.8M 40.0 43.0 43.0 43.0 38 76 1
BIO-key International, Inc. 12.3M 75.0 81.0 43.0 94.0 84 77 1
Qumu Corporation 10.9M 84.0 80.0 97.0 94.0 94 78 1
Cyren Ltd. 8.1M 77.0 81.0 57.0 58.0 69 79 1
LiveWorld, Inc. 7.1M 77.0 71.0 70.0 79.0 75 80 1
Kaspien Holdings Inc. 5.5M 43.0 46.0 55.0 75.0 58 81 1
Elcom International Inc. 5.4M 72.0 79.0 68.0 97.0 88 82 1
iSign Solutions Inc. 4.4M 75.0 72.0 74.0 82.0 83 83 1
SAFLINK Corp 4.3M 79.0 78.0 90.0 97.0 95 84 1
CMSF Corp. 4.2M 64.0 95.0 48.0 91.0 86 85 1
Healthaxis Inc. 1.8M 75.0 88.0 96.0 81.0 82 86 1
Insignia Solutions plc 956.8K 58.0 75.0 89.0 98.0 85 87 1
eMerge Interactive Inc. 483.7K 81.0 77.0 92.0 37.0 58 88 1
Ezenia!, Inc. 358.8K 67.0 95.0 97.0 60.0 65 89 1
Democrasoft Holdings, Inc. 13.1K 70.0 51.0 67.0 50.0 58 90 1
Artificial Life, Inc. 7.9K 85.0 81.0 69.0 63.0 77 91 1
NeoMedia Technologies, Inc. 5.1K 71.0 84.0 94.0 97.0 93 92 1
Cistera Networks, Inc. 5.0K 84.0 81.0 89.0 62.0 73 93 1
Cicero Inc. 208.0 77.0 58.0 46.0 71.0 77 94 1
Live Microsystems, Inc. 132.0 82.0 67.0 54.0 87.0 77 95 1
Applied Visual Sciences, Inc. 107.0 80.0 73.0 92.0 71.0 79 96 1
Peace Arch Entertainment Group Inc. 49.0 71.0 51.0 96.0 71.0 73 97 1

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