Intrinsic value of Citrix Systems - CTXS

Previous Close

$108.23

  Intrinsic Value

$56.00

stock screener

  Rating & Target

sell

-48%

Previous close

$108.23

 
Intrinsic value

$56.00

 
Up/down potential

-48%

 
Rating

sell

We calculate the intrinsic value of CTXS stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 16.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  3.20
  3.38
  3.54
  3.69
  3.82
  3.94
  4.04
  4.14
  4.23
  4.30
  4.37
  4.44
  4.49
  4.54
  4.59
  4.63
  4.67
  4.70
  4.73
  4.76
  4.78
  4.80
  4.82
  4.84
  4.86
  4.87
  4.88
  4.90
  4.91
  4.92
Revenue, $m
  2,915
  3,014
  3,121
  3,236
  3,359
  3,492
  3,633
  3,783
  3,943
  4,113
  4,292
  4,483
  4,684
  4,897
  5,122
  5,359
  5,609
  5,872
  6,150
  6,443
  6,751
  7,075
  7,416
  7,775
  8,153
  8,550
  8,967
  9,406
  9,868
  10,353
Variable operating expenses, $m
  2,312
  2,384
  2,463
  2,547
  2,637
  2,734
  2,838
  2,948
  3,065
  3,190
  3,146
  3,285
  3,433
  3,589
  3,753
  3,927
  4,110
  4,304
  4,507
  4,722
  4,947
  5,185
  5,435
  5,698
  5,975
  6,266
  6,572
  6,893
  7,232
  7,587
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,312
  2,384
  2,463
  2,547
  2,637
  2,734
  2,838
  2,948
  3,065
  3,190
  3,146
  3,285
  3,433
  3,589
  3,753
  3,927
  4,110
  4,304
  4,507
  4,722
  4,947
  5,185
  5,435
  5,698
  5,975
  6,266
  6,572
  6,893
  7,232
  7,587
Operating income, $m
  603
  630
  658
  689
  722
  757
  795
  835
  878
  923
  1,147
  1,198
  1,251
  1,308
  1,368
  1,432
  1,498
  1,569
  1,643
  1,721
  1,804
  1,890
  1,981
  2,077
  2,178
  2,284
  2,396
  2,513
  2,636
  2,766
EBITDA, $m
  987
  1,020
  1,057
  1,096
  1,137
  1,182
  1,230
  1,281
  1,335
  1,392
  1,453
  1,518
  1,586
  1,658
  1,734
  1,814
  1,899
  1,988
  2,082
  2,181
  2,286
  2,395
  2,511
  2,632
  2,760
  2,895
  3,036
  3,185
  3,341
  3,505
Interest expense (income), $m
  8
  115
  123
  133
  142
  153
  164
  177
  190
  204
  218
  234
  251
  268
  287
  306
  327
  349
  372
  396
  422
  449
  478
  508
  539
  572
  607
  644
  682
  723
  765
Earnings before tax, $m
  488
  506
  526
  547
  569
  593
  618
  645
  674
  705
  913
  947
  983
  1,022
  1,062
  1,104
  1,149
  1,197
  1,247
  1,299
  1,354
  1,413
  1,474
  1,538
  1,606
  1,677
  1,752
  1,831
  1,913
  2,000
Tax expense, $m
  132
  137
  142
  148
  154
  160
  167
  174
  182
  190
  246
  256
  265
  276
  287
  298
  310
  323
  337
  351
  366
  381
  398
  415
  434
  453
  473
  494
  517
  540
Net income, $m
  357
  370
  384
  399
  415
  433
  451
  471
  492
  515
  666
  691
  718
  746
  775
  806
  839
  874
  910
  948
  989
  1,031
  1,076
  1,123
  1,172
  1,224
  1,279
  1,336
  1,397
  1,460

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  5,950
  6,151
  6,369
  6,604
  6,856
  7,126
  7,414
  7,721
  8,047
  8,393
  8,760
  9,149
  9,560
  9,994
  10,452
  10,936
  11,447
  11,985
  12,551
  13,148
  13,777
  14,439
  15,135
  15,868
  16,638
  17,449
  18,301
  19,197
  20,139
  21,129
Adjusted assets (=assets-cash), $m
  5,950
  6,151
  6,369
  6,604
  6,856
  7,126
  7,414
  7,721
  8,047
  8,393
  8,760
  9,149
  9,560
  9,994
  10,452
  10,936
  11,447
  11,985
  12,551
  13,148
  13,777
  14,439
  15,135
  15,868
  16,638
  17,449
  18,301
  19,197
  20,139
  21,129
Revenue / Adjusted assets
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
  0.490
Average production assets, $m
  2,082
  2,152
  2,228
  2,310
  2,399
  2,493
  2,594
  2,701
  2,815
  2,936
  3,065
  3,201
  3,345
  3,496
  3,657
  3,826
  4,005
  4,193
  4,391
  4,600
  4,820
  5,052
  5,295
  5,552
  5,821
  6,105
  6,403
  6,716
  7,046
  7,392
Working capital, $m
  -55
  -57
  -59
  -61
  -64
  -66
  -69
  -72
  -75
  -78
  -82
  -85
  -89
  -93
  -97
  -102
  -107
  -112
  -117
  -122
  -128
  -134
  -141
  -148
  -155
  -162
  -170
  -179
  -187
  -197
Total debt, $m
  2,285
  2,454
  2,636
  2,833
  3,044
  3,271
  3,512
  3,769
  4,043
  4,333
  4,640
  4,966
  5,310
  5,674
  6,058
  6,464
  6,892
  7,342
  7,817
  8,318
  8,845
  9,399
  9,983
  10,597
  11,242
  11,921
  12,636
  13,386
  14,175
  15,005
Total liabilities, $m
  4,986
  5,154
  5,337
  5,534
  5,745
  5,971
  6,213
  6,470
  6,743
  7,033
  7,341
  7,667
  8,011
  8,375
  8,759
  9,165
  9,592
  10,043
  10,518
  11,018
  11,545
  12,100
  12,683
  13,297
  13,943
  14,622
  15,336
  16,087
  16,876
  17,706
Total equity, $m
  964
  996
  1,032
  1,070
  1,111
  1,154
  1,201
  1,251
  1,304
  1,360
  1,419
  1,482
  1,549
  1,619
  1,693
  1,772
  1,854
  1,942
  2,033
  2,130
  2,232
  2,339
  2,452
  2,571
  2,695
  2,827
  2,965
  3,110
  3,262
  3,423
Total liabilities and equity, $m
  5,950
  6,150
  6,369
  6,604
  6,856
  7,125
  7,414
  7,721
  8,047
  8,393
  8,760
  9,149
  9,560
  9,994
  10,452
  10,937
  11,446
  11,985
  12,551
  13,148
  13,777
  14,439
  15,135
  15,868
  16,638
  17,449
  18,301
  19,197
  20,138
  21,129
Debt-to-equity ratio
  2.370
  2.460
  2.560
  2.650
  2.740
  2.830
  2.920
  3.010
  3.100
  3.190
  3.270
  3.350
  3.430
  3.500
  3.580
  3.650
  3.720
  3.780
  3.840
  3.900
  3.960
  4.020
  4.070
  4.120
  4.170
  4.220
  4.260
  4.300
  4.350
  4.380
Adjusted equity ratio
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162
  0.162

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  357
  370
  384
  399
  415
  433
  451
  471
  492
  515
  666
  691
  718
  746
  775
  806
  839
  874
  910
  948
  989
  1,031
  1,076
  1,123
  1,172
  1,224
  1,279
  1,336
  1,397
  1,460
Depreciation, amort., depletion, $m
  384
  391
  398
  407
  415
  425
  435
  446
  457
  469
  306
  320
  334
  350
  366
  383
  400
  419
  439
  460
  482
  505
  530
  555
  582
  610
  640
  672
  705
  739
Funds from operations, $m
  740
  760
  782
  806
  831
  858
  886
  917
  949
  984
  973
  1,011
  1,052
  1,095
  1,141
  1,189
  1,240
  1,293
  1,349
  1,408
  1,471
  1,536
  1,605
  1,678
  1,754
  1,835
  1,919
  2,008
  2,101
  2,200
Change in working capital, $m
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -6
  -7
  -7
  -8
  -8
  -8
  -9
  -9
Cash from operations, $m
  742
  762
  784
  808
  833
  860
  889
  920
  952
  987
  976
  1,015
  1,056
  1,099
  1,145
  1,193
  1,244
  1,298
  1,354
  1,414
  1,477
  1,542
  1,612
  1,685
  1,762
  1,842
  1,927
  2,016
  2,110
  2,209
Maintenance CAPEX, $m
  -202
  -208
  -215
  -223
  -231
  -240
  -249
  -259
  -270
  -282
  -294
  -306
  -320
  -334
  -350
  -366
  -383
  -400
  -419
  -439
  -460
  -482
  -505
  -530
  -555
  -582
  -610
  -640
  -672
  -705
New CAPEX, $m
  -66
  -70
  -76
  -82
  -88
  -94
  -101
  -107
  -114
  -121
  -128
  -136
  -144
  -152
  -160
  -169
  -179
  -188
  -198
  -209
  -220
  -232
  -244
  -256
  -270
  -284
  -298
  -313
  -329
  -346
Cash from investing activities, $m
  -268
  -278
  -291
  -305
  -319
  -334
  -350
  -366
  -384
  -403
  -422
  -442
  -464
  -486
  -510
  -535
  -562
  -588
  -617
  -648
  -680
  -714
  -749
  -786
  -825
  -866
  -908
  -953
  -1,001
  -1,051
Free cash flow, $m
  474
  484
  493
  503
  514
  526
  539
  553
  568
  584
  554
  573
  592
  613
  635
  658
  683
  709
  737
  766
  797
  829
  863
  899
  937
  977
  1,019
  1,063
  1,109
  1,158
Issuance/(repayment) of debt, $m
  158
  169
  183
  197
  211
  226
  241
  257
  273
  290
  308
  326
  344
  364
  384
  405
  428
  451
  475
  500
  527
  555
  584
  614
  646
  679
  714
  751
  789
  830
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  158
  169
  183
  197
  211
  226
  241
  257
  273
  290
  308
  326
  344
  364
  384
  405
  428
  451
  475
  500
  527
  555
  584
  614
  646
  679
  714
  751
  789
  830
Total cash flow (excl. dividends), $m
  632
  652
  675
  700
  725
  752
  780
  810
  842
  874
  862
  898
  937
  977
  1,019
  1,064
  1,111
  1,160
  1,212
  1,266
  1,323
  1,383
  1,447
  1,513
  1,583
  1,656
  1,733
  1,813
  1,898
  1,987
Retained Cash Flow (-), $m
  -32
  -33
  -35
  -38
  -41
  -44
  -47
  -50
  -53
  -56
  -59
  -63
  -67
  -70
  -74
  -78
  -83
  -87
  -92
  -97
  -102
  -107
  -113
  -119
  -125
  -131
  -138
  -145
  -153
  -160
Prev. year cash balance distribution, $m
  61
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  164
  169
  175
  181
  188
  195
  203
  211
  219
  229
  239
  249
  260
  272
  284
  297
  311
  325
  341
  357
  374
  392
  410
  430
  451
  473
  496
  520
  546
  572
Cash available for distribution, $m
  660
  620
  640
  662
  684
  708
  734
  760
  789
  818
  802
  835
  870
  907
  945
  986
  1,028
  1,073
  1,120
  1,170
  1,222
  1,276
  1,334
  1,394
  1,458
  1,524
  1,595
  1,668
  1,746
  1,827
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  633
  567
  557
  545
  530
  514
  496
  475
  453
  429
  381
  356
  331
  304
  277
  250
  224
  198
  172
  149
  126
  106
  87
  71
  57
  44
  34
  26
  19
  14
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Citrix Systems, Inc. offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company's Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services. The Company's NetScaler nCore Technology is an architecture that enables execution of multiple packet engines in parallel. The Company's workspace services include Application Virtualization and virtual desktop infrastructure (VDI), Enterprise Mobility Management and Citrix Workspace Suite. The Company's NetScaler ADC is a software-defined application delivery controller (ADC) and load balancer. The Company's Cloud Services include ShareFile and Citrix Cloud. It provides various ways for customers to receive upgrades, support and maintenance for products, which include Software Maintenance, Subscription Advantage, Technical Support Services and Hardware Maintenance.

FINANCIAL RATIOS  of  Citrix Systems (CTXS)

Valuation Ratios
P/E Ratio 31.6
Price to Sales 4.9
Price to Book 6.5
Price to Tangible Book
Price to Cash Flow 15.2
Price to Free Cash Flow 17.7
Growth Rates
Sales Growth Rate 4.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -6.4%
Cap. Spend. - 3 Yr. Gr. Rate -1.7%
Financial Strength
Quick Ratio 1
Current Ratio 0.1
LT Debt to Equity 3.1%
Total Debt to Equity 54.7%
Interest Coverage 78
Management Effectiveness
Return On Assets 9.2%
Ret/ On Assets - 3 Yr. Avg. 6.6%
Return On Total Capital 14.6%
Ret/ On T. Cap. - 3 Yr. Avg. 10.5%
Return On Equity 23.4%
Return On Equity - 3 Yr. Avg. 16%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 83.7%
Gross Margin - 3 Yr. Avg. 81.7%
EBITDA Margin 25.6%
EBITDA Margin - 3 Yr. Avg. 22.3%
Operating Margin 19%
Oper. Margin - 3 Yr. Avg. 13.1%
Pre-Tax Margin 18.1%
Pre-Tax Margin - 3 Yr. Avg. 12.1%
Net Profit Margin 15.7%
Net Profit Margin - 3 Yr. Avg. 11.1%
Effective Tax Rate 13.1%
Eff/ Tax Rate - 3 Yr. Avg. 6.5%
Payout Ratio 0%

CTXS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CTXS stock intrinsic value calculation we used $2825 million for the last fiscal year's total revenue generated by Citrix Systems. The default revenue input number comes from 2017 income statement of Citrix Systems. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CTXS stock valuation model: a) initial revenue growth rate of 3.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for CTXS is calculated based on our internal credit rating of Citrix Systems, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Citrix Systems.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CTXS stock the variable cost ratio is equal to 79.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for CTXS stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Citrix Systems.

Corporate tax rate of 27% is the nominal tax rate for Citrix Systems. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CTXS stock is equal to 5.8%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CTXS are equal to 71.4%.

Life of production assets of 10 years is the average useful life of capital assets used in Citrix Systems operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CTXS is equal to -1.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $992 million for Citrix Systems - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 151 million for Citrix Systems is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Citrix Systems at the current share price and the inputted number of shares is $16.3 billion.

RELATED COMPANIES Price Int.Val. Rating
CSCO Cisco Systems 42.01 37.63  hold
VMW VMware 152.25 151.67  buy
MSFT Microsoft 106.27 60.61  sell
IBM International 146.35 149.81  hold
RHT Red Hat 147.88 67.90  str.sell
DVMT Dell Technolog 94.32 203.89  str.buy
HPE Hewlett Packar 15.47 17.74  hold
GOOGL Alphabet Cl A 1,197.88 989.08  hold

COMPANY NEWS

▶ DigitalOcean taps Citrix Systems vet to be new CEO   [11:03AM  American City Business Journals]
▶ 5 Top Liquid Stocks for a Winning Portfolio   [Jun-18-18 11:48AM  InvestorPlace]
▶ Citrix Systems appoints Kilcoyne to board of directors   [Jun-11-18 11:47AM  American City Business Journals]
▶ Benzinga's Top Analyst Calls From May 1, 2018   [May-01-18 02:31PM  Benzinga]
▶ Citrix Rises On Revenue Beat As Subscription Services Gain Traction   [Apr-26-18 04:26PM  Investor's Business Daily]
▶ Citrix stock gains after earnings beat by a wide margin   [Apr-25-18 04:37PM  MarketWatch]
▶ Citrix: 1Q Earnings Snapshot   [04:28PM  Associated Press]
▶ Morphisec Joins Citrix Ready Partner Program   [08:00AM  Business Wire]
▶ Edited Transcript of CTXS presentation 6-Mar-17 1:05pm GMT   [Apr-10-18 03:18PM  Thomson Reuters StreetEvents]
▶ LogMeIn Names Sara Andrews to Board of Directors   [Apr-09-18 08:00AM  GlobeNewswire]
▶ These Silicon Valley tech companies are seeking fresh talent on the Emerald Isle   [Mar-16-18 05:24PM  American City Business Journals]
▶ Microsoft, YY, Intel Lead Five Top Techs Setting Up, But Don't Buy Them Yet   [Mar-05-18 04:11PM  Investor's Business Daily]
▶ Citrix will bring more than $2B in overseas profits back to US under Trump tax plan   [Feb-20-18 04:40PM  American City Business Journals]
▶ Citrix Systems acquires Portland startup Cedexis   [Feb-12-18 02:30PM  American City Business Journals]
▶ Portland's Cedexis sold to Citrix Systems   [01:20PM  American City Business Journals]
▶ 5 Bearish Bets: These Stocks Look Good Short   [Feb-11-18 10:00AM  TheStreet.com]
▶ Citrix Systems hires new CFO from Silicon Valley company   [Feb-06-18 03:10PM  American City Business Journals]
▶ Citrix Announces $750 Million Accelerated Share Repurchase   [Feb-02-18 05:34PM  Business Wire]
▶ Citrix reports 4Q loss   [Jan-31-18 04:41PM  Associated Press]
▶ Citrix Systems' Q4 Earnings Outlook   [10:46AM  Benzinga]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.