Citrix Systems’ stock (NASDAQ: CTXS) declined by 9% in the last twenty-one trading days. In comparison, the broader S&P500 index rose by 3.8% over the same period. The fall was triggered after Citrix Systems’ CEO David Henshall stepped down with immediate effect.
How profitable is Citrix stock?
In the end, Citrix sees its pro forma profits coming in at a robust $4.75 to $4.95 per share this year, but GAAP profits will be only $1.45 to $1.66 -- less than half of the $4 Citrix earned last year.
What does Citrix’s revenue look like in 2021?
Looking ahead to all of fiscal 2021, Citrix sees revenue declining, not growing, in comparison to last year, to range from $3.22 billion to $3.25 billion. Operating profit margin on that revenue will also shrink, from just over 10% in Q2 to about 8% to 9% for the year as a whole.
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Is Citrix declining?
Unfortunately Citrix Systems reported an EPS drop of 46% for the last year. The share price fall of 24% isn't as bad as the reduction in earnings per share.
Is Citrix stock a good buy?
CITRIX SYSTEMS Stock Forecast FAQ Out of 7 analysts, 0 (0%) are recommending CTXS as a Strong Buy, 0 (0%) are recommending CTXS as a Buy, 4 (57.14%) are recommending CTXS as a Hold, 0 (0%) are recommending CTXS as a Sell, and 3 (42.86%) are recommending CTXS as a Strong Sell.
What happened to Citrix?
In 2019, Citrix generated $3.01 billion in revenue. On January 31, 2022, it was announced that Citrix had been acquired in a $16.5 billion deal by affiliates of Vista Equity Partners and Evergreen Coast Capital. The all-cash acquisition will see Citrix merge with TIBCO, a Vista portfolio company.
Should I sell Citrix stock?
Citrix Systems holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Who is going to buy Citrix?
Citrix Systems, the cloud computing company, confirmed Monday it would be purchased for $16.
Who is buying Citrix?
Vista Equity PartnersCitrix, the ubiquitous virtualization company, is to be acquired for $16.5 billion by “Vista Equity Partners” and “Evergreen Coast Capital” – the latter being an affiliate of “Elliott Investment Management”. The fact Citrix have been acquired isn't a surprise…
Why is Citrix stock tanking?
The stock has been on the decline over the year with a recent fall triggered after CEO David Henshall stepped down in early October. The company is in a restructuring phase and recently announced layoffs in its Raleigh office.
Is Citrix growing?
Looking ahead to all of fiscal 2021, Citrix sees revenue declining, not growing, in comparison to last year, to range from $3.22 billion to $3.25 billion.
Is Citrix a Fortune 500 company?
Citrix Systems | 2022 Fortune 500 | Fortune.
What happened
Shares of Citrix Systems ( CTXS 0.21% ) plummeted 14.3% through 1:15 p.m. EDT today, after the software-as-a-service (SaaS) provider announced what even it called "mixed" results in its fiscal Q2 2021 financial report.
So what
It gets worse. Citrix's $1.24-per-share pro forma profit vastly overstated the company's profits as calculated according to generally accepted accounting principles ( GAAP ), which amounted to only $0.50 per share, a year-over-year decline of 44%. The company's sales grew, but only 2%.
Now what
I hate to say it, but ... it gets even worse when we turn to guidance. Looking ahead to all of fiscal 2021, Citrix sees revenue declining, not growing, in comparison to last year, to range from $3.22 billion to $3.25 billion.
CTXS stock will go private after the Citrix acquisition
According to the terms of the deal, CTXS stock will go from public to private. Officially announced in pre-market hours on Jan. 31, the acquisition will lead to a buyout of Citrix stock at a value of $104 per share. That's a premium of about 4 percent to the stock’s low on Jan. 28 of just over $100.
Citrix will combine with TIBCO Software
The agreement states that Citrix will combine with TIBCO Software, a Vista portfolio company.
Citrix stock is going private and shareholders will receive a cash payout
Citrix stock will go private after the transaction closes. Executives expect this to happen by mid-year, but it's subject to conditions like shareholder and regulatory approval. At that time, shareholders will receive a cash payout at the value of $104 per share.
