CTXS

Citrix Systems Inc

TMT


Presented:08/10/2015
Price:$76.13
Cap:$12.34B
Current Price:$103.90
Cap:$13.18B

Presented

Date08/10/2015
Price$76.13
Market Cap$12.34B
Ent Value$11.80B
P/E Ratio45.05x
Book Value$13.12
Div Yield0%
Shares O/S162.03M
Ave Daily Vol1,871,071
Short Int2.16%

Current

Price$103.90
Market Cap$13.18B
Citrix Systems, Inc. designs, develops and markets technology solutions. The company provides transition to software-defining the workplace, uniting virtualization, mobility management, networking and SaaS solutions to enable new ways for businesses and people to work better. Its solutions power business mobility through secure, mobile workspaces that provide people with instant access to apps, desktops, data and communications on any device, over any network or cloud. The company operates its business through two divisions: Enterprise & service provider and Mobility apps. The Enterprise & service provider division is comprised of workspace services, mobile and delivery networking products. The Mobility apps division is comprised of communications cloud, documents cloud and workflow cloud products. Citrix Systems was founded by Edward E. Iacobucci on April 17, 1989 and is headquartered in Fort Lauderdale, FL.

Publicly traded companies mentioned herein: Citrix Systems (CTXS), F5 (FFIV) and VMWare (VMW)

Highlights

Elliott Management’s activist involvement in Citrix clearly has had an immediate impact, with the investment firm successfully winning a board seat and likely contributing to long time CEO Mark Templeton’s decision to retire late last month. The stock is up around 20% since Elliott’s stake was disclosed, leading many investors to think they missed the opportunity. The presenter, however, believes shares could see further upside of as much as 50-100% over the next two years based on room for meaningful improvement in the company’s balance sheet, margins and revenue growth. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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