Citrix to axe 1000 staff and spin off GoTo amid shareholder pressure

(NASDAQ:CTXS). However, the stock price could fluctuate by $ 7.14 from the estimate as it is suggested by the standard deviation reading.

The company will also cut 1,000 full-time and contract jobs excluding the GoTo spin-off. Over the last 12 months, a return on equity (ROE) of 13.20 percent was realized due to the financial situation and earnings per share reached a value of $1.75. Following the transaction, the senior vice president now owns 58,777 shares of the company’s stock, valued at approximately $3,989,194.99. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Immediately after the separation, Citrix shareholders will own shares in two publicly traded companies. The stock was bought at an average price of $68.06 per share, for a total transaction of $6,942,120.00. The Company anticipates proceeds of the sale to be used to repay the property’s existing NZ$30 million mortgage loan and for general corporate purposes, counting funding the stock repurchase program.

In company news, shares of Citrix Systems Inc.

Citrix Systems, Inc. has dropped 7.01% during the last 3-month period. The company has a market cap of $10.85 billion. The stock’s 50 day moving average is $77.52 and its 200 day moving average is $71.93.

Can Citrix Systems Incorporated (NASDAQ:CTXS) hit expected sales? This represents a 5.67% change for the EPS reported for the same quarter in the prior year.

Citrix Systems, Inc. (NASDAQ:CTXS): 16 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $81.38 in Citrix Systems, Inc.

CTXS has been the subject of several other research reports. Finally, RBC Capital boosted their price target on shares of Citrix Systems from $67.00 to $75.00 and gave the stock a sector perform rating in a research note on Wednesday, July 29th.

Valeant Pharmaceuticals Intl Inc (NYSE:VRX) gained 3.21% and closed the last trading session at $72.58. According to the information by the brokerage house, Barclays maintains its outlook on Citrix Systems, Inc. The company has an average rating of Buy and an average price target of $78.54.

Citrix Systems, Inc.is a cloud computing company. The Company’s options offer secure, mobile workspaces that provide access to people to desktop computers, apps, data and communications over any network or cloud, on any device. It markets and licenses its products straight to customers. Service Provider department’s Workspace services and enterprise include citrix workspace suite, application and desktop computer virtualization, mobile platforms and delivery networking. Its Mobility Apps applications comprise files cloud communications cloud and workflow cloud. In addition, it offers Technology products and Professional Services, such as Citrix HDX, FlexCast, Citrix personalization technologies, Citrix Internet, ByteMobile Adaptive Traffic Management System, XenMobile and NetScaler Software Packet Engine, among others.

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