Citrix Systems, Inc., 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; Citrix Content Collaboration, a cloud-based file sharing and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices for businesses; Citrix Endpoint Management for mobility and device management capabilities; 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 that uses machine learning to quantify user experience; Citrix Secure Workspace Access, which 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 networking products comprising Citrix ADC, an application delivery controller and load balancing solution for web, traditional and cloud-native applications; and Citrix SD-WAN, a WAN Edge solution that delivers flexible, automated, secure connectivity and performance for the workspace. In addition, the company offers 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, Inc. in March 2009. Citrix Systems, Inc. was founded in 1989 and is headquartered in Fort Lauderdale, Florida.
IPO Year: 1995
Exchange: NASDAQ
Website: citrix.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/23/2022 | Outperform → Market Perform | Bernstein | |
| 2/1/2022 | $85.00 → $104.00 | Underweight | Morgan Stanley |
| 1/25/2022 | $103.00 → $85.00 | Neutral → Sell | Citigroup |
| 1/12/2022 | $88.00 → $80.00 | Underweight | Barclays |
| 12/16/2021 | $75.00 | Sell | Goldman Sachs |
| 11/5/2021 | $95.00 → $88.00 | Underweight | Barclays |
| 11/5/2021 | $110.00 → $105.00 | Sector Perform | RBC Capital |
| 11/5/2021 | $90.00 → $85.00 | Equal-Weight → Underweight | Morgan Stanley |
| 10/12/2021 | Outperform → Mkt Perform | William Blair | |
| 10/7/2021 | $140.00 → $115.00 | Buy → Neutral | Citigroup |
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Bernstein downgraded Citrix Systems from Outperform to Market Perform
Morgan Stanley reiterated coverage of Citrix Systems with a rating of Underweight and set a new price target of $104.00 from $85.00 previously
Citigroup downgraded Citrix Systems from Neutral to Sell and set a new price target of $85.00 from $103.00 previously
Barclays reiterated coverage of Citrix Systems with a rating of Underweight and set a new price target of $80.00 from $88.00 previously
Goldman Sachs initiated coverage of Citrix Systems with a rating of Sell and set a new price target of $75.00
Barclays reiterated coverage of Citrix Systems with a rating of Underweight and set a new price target of $88.00 from $95.00 previously
RBC Capital reiterated coverage of Citrix Systems with a rating of Sector Perform and set a new price target of $105.00 from $110.00 previously
Morgan Stanley downgraded Citrix Systems from Equal-Weight to Underweight and set a new price target of $85.00 from $90.00 previously
William Blair downgraded Citrix Systems from Outperform to Mkt Perform
Citigroup downgraded Citrix Systems from Buy to Neutral and set a new price target of $115.00 from $140.00 previously
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Feb. 09, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Citrix Systems, Inc. ("Citrix" or "the Company") (NASDAQ:CTXS) investors that a lawsuit filed on behalf of investors that purchased Citrix securities (NASDAQ:CTXS) between January 22, 2020 and October 6, 2021, both dates inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation
Vista Equity Partners ("Vista"), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, and Evergreen Coast Capital Corp. ("Evergreen"), an affiliate of Elliott Investment Management L.P. (together with its affiliates, collectively, "Elliott"), today announced the successful completion of their previously announced transaction to acquire Citrix Systems, Inc. (NASDAQ:CTXS) ("Citrix") and combine it with TIBCO Software ("TIBCO"). The transaction is valued at $16.5 billion, including the assumption of Citrix debt, and follows the receipt of all regulatory approvals and compliance with all closing conditions. The transaction closed
Kyndryl (NYSE:KD), the world's largest IT infrastructure services provider, today announced a global alliance with Citrix (NYSE:CTXS) to help businesses improve workplace collaboration and employee productivity to address the rapidly changing requirements of today's hybrid workforce on a global scale. By leveraging the longstanding operational and industry expertise of Kyndryl's Digital Workplace Services, powered by Citrix DaaS, both companies will continue to develop modernized, end-to-end IT management services and virtual desktop solutions across hybrid and multi-cloud environments for new and existing customers. Through the alliance, Kyndryl will extend the reach of its framework of
NEW YORK, Sept. 23, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600: PG&E Corp. (NYSE:PCG) will replace Citrix Systems Inc. (NASD: CTXS) in the S&P 500 effective prior to the opening of trading on Monday, October 3. Vista Equity Partners is acquiring Citrix Systems in a transaction expected to be completed September 30, pending final conditions.S&P MidCap 400 constituent EQT Corp. (NYSE:EQT) will replace Duke Realty Corp. (NYSE:DRE) in the S&P 500, S&P SmallCap 600 constituent ExlService Holdings Inc. (NASD: EXLS) will replace EQT in the S&P MidCap 400, and Mister Car Wash Inc. (NYSE:MCW) will replace ExlService H
Leading Work Management Company Adds Thomas Scott as Chief Financial Officer and Brian Clark as Chief Revenue Officer to Drive Expansion Into Target Markets, Capitalize on Rapidly Growing Category Wrike, the most powerful work management platform, today announced the addition of two new members to its executive team, better positioning the company to handle substantial growth over the coming years. The work management category is growing rapidly, as organizations face increasing work complexities while trying to ramp up efficiency and productivity. To broaden market reach and handle the demand, Wrike brings on Thomas Scott as Chief Financial Officer. Scott will be responsible for driving W
Hospital system leverages digital workspace platform to provide simple, secure access to applications and information employees need to quickly and reliably deliver services from anywhere Healthcare today is a different game. And Hackensack Meridian Health (HMH) is changing it. Using digital workspace solutions from Citrix Systems, Inc. (NASDAQ:CTXS), the largest integrated delivery network and hospital system in New Jersey has built a modern platform from which employees at the 17 hospitals and 500 patient centers it operates across the state can seamlessly deliver the superior care its patients expect from wherever they happen to be. "Today we work on a hybrid model, and clinicians need
Institution creates classrooms without boundaries, empowering students to learn from anywhere using Citrix DaaS™ Just like work, education today can happen anywhere. And students want the freedom and flexibility to choose where and how they learn best. Luleå University of Technology (LTU) understands this, and is using solutions from Citrix Systems, Inc. (NASDAQ:CTXS) to tear down the walls of the traditional classroom and deliver a modern experience that empowers its student to learn from anywhere and perform at their best. "Teaching has become space independent," said Daniel Ström CIO, LTU. "We are a university of technology and we are expected to be at the forefront in using IT to prov
Organizations using traditional remote access technologies say they fall short in supporting new model, move to modernize Forced by the pandemic to provide employees with access to the systems and information they needed to work from home, IT organizations around the world turned to traditional technologies like Virtual Private Networks (VPN). And they worked. But as the world moves to hybrid work, 96 percent of IT leaders who participated in a recent global survey conducted by Gartner Peer Insights on behalf of Citrix Systems, Inc. (NASDAQ:CTXS), say they no longer cut it. And they're rethinking their approach. A Seismic Change Hybrid models have radically changed where and how work get
Leading Collaborative Work Management Platform Launches Industry First Capability to Support an Infinite Amount of Use Cases; Teams Can Power True Cross-functional Collaboration in One Workspace Wrike, the most powerful work management platform, today announced the release of Custom Item Types, a unique core platform capability that enables users to create their own work item types tailored to their team's specific culture and style. Custom Item Types goes beyond standard tasks and projects to empower teams with an infinite amount of use cases. By combining the power of Wrike's work graph with Custom Item Types, Wrike is able to define different types of work to support team workflows and
City scraps traditional solutions in favor of cloud offerings to fuel secure work from anywhere Organizations around the world continue to struggle with whether and how to enable remote work, but the City of Corona isn't among them. The municipality embraced the concept long before the pandemic forced it to, and has built a powerful digital workspace that provides access to everything its employees need to engage and be productive, wherever they happen to be. On August 4, the City will discuss its journey to remote work and how it is using solutions from Citrix Systems, Inc. (NASDAQ:CTXS) and its partner NVIDIA to accelerate it during an exclusive Fireside Chat. The journey began five yea
Mr. Krause brings 20 years of experience leading and building software and technology companies Combination of Citrix and TIBCO expected to close in Q3 2022, in conjunction with previously announced acquisition of Citrix by Vista and Evergreen Vista Equity Partners, a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses ("Vista"), and Evergreen Coast Capital Corp. ("Evergreen"), an affiliate of Elliott Investment Management L.P. (together with its affiliates, collectively, "Elliott"), today announced that, upon the closing of the previously announced combination of Citrix Systems, Inc. (NASDAQ:CTXS) ("Citrix") and TIBCO Software
Acquires Savioke R&D, Relay® Product Line Names Michael O'Donnell Chairman & CEO Relay Robotics, Inc. — a new corporation formed by the acquisition of leading robotics developer Savioke — announced the completion of a $10,000,000 Series A Financing and the appointment of veteran technology executive, Michael O'Donnell, as Chairman and Chief Executive Officer. Savioke Co-Founder, Steve Cousins, will become Chief Technology Officer of Relay Robotics and lead the company's product strategy and innovation efforts. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220501005046/en/Michael O'Donnell, Chairman and Chief Executive Officer,
AUSTIN, Texas, April 21, 2022 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ:PHUN) (the "Company"), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, announced today that Matt Lull, a 30-year veteran in technology and finance for Fortune 500 companies, has been hired as the Company's first-ever Executive Vice President and Chief Cryptocurrency Officer, effective April 18, 2022. "We are extremely excited to continue expanding our core executive team, this time adding one of the world's first public company Chief Cryptocurrency Officer positions in the world," said Alan S. Knitowski, President, CEO and Co-Founder o
SailPoint Technologies Holdings, Inc. (NYSE:SAIL), the leader in enterprise identity security, today announced the appointment of Sudhakar Ramakrishna to the SailPoint Board of Directors, effective on June 14, 2021. The Board determined that Mr. Ramakrishna is independent, a term defined under the listing standards of the New York Stock Exchange. "We are very pleased to have Sudhakar Ramakrishna joining SailPoint's Board of Directors," said SailPoint CEO and Founder Mark McClain. "As a global technology leader with over two decades of experience in cloud, security, and collaboration markets, Sudhakar will bring deep technology and business expertise which will serve SailPoint well. With th
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Citrix Systems, Inc. (NASDAQ:CTXS) today reported financial results for the fourth quarter and fiscal year ended December 31, 2021. Financial Results For the fourth quarter of fiscal year 2021, Citrix achieved revenue of $851 million, compared to $810 million in the fourth quarter of fiscal year 2020, representing 5 percent revenue growth. For fiscal year 2021, Citrix reported annual revenue of $3.22 billion, compared to $3.24 billion for fiscal year 2020, a 1 percent decrease. GAAP Results Net income for the fourth quarter of fiscal year 2021 was $103 million, or $0.81 per diluted share, compared to $112 million, or $0.89 per diluted share, for the fourth quarter of fiscal year 2020. N
Citrix shareholders to receive a 30% premium to Citrix's unaffected price Acquisition will take Citrix private, allowing company to accelerate its SaaS transformation, increase investment, and expand platform for secure hybrid work Citrix to combine with Vista portfolio company TIBCO Software to create global digital workspace and data analytics leader Citrix Systems, Inc. (NASDAQ:CTXS) ("Citrix"), today announced that it has entered into a definitive agreement under which affiliates of Vista Equity Partners ("Vista"), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, and Evergreen Coast Capital Corporation ("Evergreen"),
Citrix Systems, Inc. (NASDAQ:CTXS) today reported financial results for the third quarter ended September 30, 2021 by posting an earnings letter on its Investor Relations website at http://www.citrix.com/investors. Citrix will host a conference call today at 8:15 a.m. ET to address questions. The conference call may be accessed via webcast at http://www.citrix.com/investors. A replay of the audio webcast can be accessed for approximately 90 days on the Investor Relations section of the Citrix corporate website at http://www.citrix.com/investors. About Citrix Citrix (NASDAQ:CTXS) builds the secure, unified digital workspace technology that helps organizations unlock human potential and de
Bob Calderoni Appointed Interim President and Chief Executive Officer David J. Henshall Steps Down as President, Chief Executive Officer and Member of Board of Directors Preliminary Third Quarter 2021 Revenue Announced Citrix Systems, Inc. (NASDAQ:CTXS) ("the Company"), today announced that Bob Calderoni, Chair of the Citrix Board of Directors ("the Board"), has been named interim Chief Executive Officer and President, 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. "I would like to thank David for his many contributions to Citrix," said Bob Calderoni. "David played a key role in accelerat
Latest Citrix® research shows young workers can drive an extra $1.9 trillion in corporate profits if given support to adapt to new realities of work Today's young employees are the engines of the knowledge economy and tomorrow's business leaders. And according to The Born Digital Effect, the latest research from Citrix Systems, Inc. (NASDAQ:CTXS), they're primed to deliver an extra $1.9 trillion in corporate profits. But they'll need some help to pull it off. Made up of Millennials (born 1981 to 1996) and Generation Z (born after 1997) workers, the Born Digital are the first generation to grow up in an entirely digital world, and now account for most of the global workforce. "These young
NEW YORK, Dec. 11, 2020 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX), which will become effective prior to market open on Monday, December 21, 2020. The following six companies will be added to the Index: American Electric Power Company, Inc. (Nasdaq: AEP), Marvell Technology Group Ltd. (Nasdaq: MRVL), Match Group, Inc. (Nasdaq: MTCH), Okta, Inc. (Nasdaq: OKTA), Peloton Interactive, Inc. (Nasdaq: PTON), Atlassian Corporation Plc (Nasdaq: TEAM). The Nasdaq-100 Index is composed of the 100 largest non-financial companies listed on The Nasdaq Stock Market® and dates to January 1985 when it was launc