Citrix Systems, Inc. (CTXS) is an American multinational software company founded in 1989 that provides server, application and desktop virtualization, networking, software-as-a-service (SaaS), and cloud computing technologies. The company began by developing remote access products for Microsoft operating systems. It licensed source code from Microsoft and has been in partnership with the company throughout its history. Citrix came to prominence in the 1990s as a leader in thin client technology. Through several acquisitions in the mid-2000s, the company expanded into server and desktop virtualization, as well as cloud and Infrastructure as a Service. Citrix currently services around 330,000 organizations worldwide and is based in Fort Lauderdale, Florida, in the Miami metropolitan area, and Santa Clara, California, with subsidiary operations in California and Massachusetts, and additional development centers in Canada, Germany, Denmark, the United Kingdom, India and Australia.
Reported after close today: Earnings: EPS $1.18 and revenue $825.7M Estimates: EPS $0.93 and revenue $789.4M
Reported after close today (10/19/16) Earnings: EPS $1.32 Revenue $841.3M Estimates: EPS $1.19 Revenue $827.21M Up 5.43% after hours
Down nearly 20% pre-market. Only news I see is downgrade to "Strong sell" buy Zacks and a lowered price target by Citigroup (who still has them as a buy).
