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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Citrix Systems, Inc.    CTXS

CITRIX SYSTEMS, INC.

(CTXS)
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Citrix Systems, Inc. : Citrix Closes Acquisition of Zenprise

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01/02/2013 | 04:10pm EDT

Citrix announced today that it has closed the acquisition of Zenprise, a leading innovator in mobile device management (MDM). As announced on December 5 2012, Citrix will integrate the Zenprise offering for mobile device management, with its Citrix CloudGateway? and Me@Work? solutions for managing mobile apps and data. As a result, IT will now have a comprehensive set of tools that make it easy to manage and secure devices, apps and data, while users will now be able to access any app from any device, giving them the freedom to work and play anywhere. Amit Pandey, former Zenprise president and CEO will lead the new Mobile Platforms product group at Citrix. Citrix will continue to fully support and serve the Zenprise global customer base.

Citrix plans to discuss the financial details of the acquisition during its fourth-quarter 2012 results teleconference.

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About Citrix

Citrix (NASDAQ:CTXS) transforms how businesses and IT work and people collaborate in the cloud era. With market-leading cloud, collaboration, networking and virtualization technologies, Citrix powers mobile workstyles and cloud services, making complex enterprise IT simpler and more accessible for 260,000 organizations. Citrix products touch 75 percent of Internet users each day and it partners with more than 10,000 companies in 100 countries. Annual revenue in 2011 was $2.21 billion. Learn more at www.citrix.com.

For Citrix Investors

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the impact of the global economy and uncertainty in the IT spending environment, including in revenue growth and recognition of revenue, products and services, their development and distribution, product demand and pipeline, economic and competitive factors, including the introduction of new technologies and products by competitors or the entry of new competitors into the markets for Citrix and Zenprise technologies and products, the Company's key strategic relationships, acquisition and related integration risks, including Citrix's ability to retain key employees of Zenprise, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

The development, release and timing of any products, services, features or solutions, or functionality described for our products, services, features or solutions, remains at our sole discretion and is subject to change without notice or consultation. The information provided is for informational purposes only and is not a commitment, promise or legal obligation to deliver any material, code or functionality and should not be relied upon in making purchasing decisions or incorporated into any contract.

Citrix®, CloudGateway?, Zenprise® and Me@Work? are trademarks or registered trademarks of Citrix Systems, Inc. and/or one or more of its subsidiaries, and may be registered in the U.S. Patent and Trademark Office and in other countries.

Citrix
Karin Gilles, 408-790-8544
karin.gilles@citrix.com
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© Business Wire 2013
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Financials (USD)
Sales 2020 3 176 M - -
Net income 2020 492 M - -
Net Debt 2020 826 M - -
P/E ratio 2020 37,9x
Yield 2020 0,70%
Capitalization 18 565 M 18 565 M -
EV / Sales 2019
EV / Sales 2020 6,11x
Nbr of Employees 8 400
Free-Float 38,2%
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 149,29 $
Last Close Price 150,38 $
Spread / Highest target 14,4%
Spread / Average Target -0,72%
Spread / Lowest Target -16,9%
EPS Revisions
Managers
NameTitle
David James Henshall President, Chief Executive Officer & Director
Robert M. Calderoni Chairman
Mark Schmitz Chief Operating Officer & Executive Vice President
Arlen R. Shenkman Chief Financial Officer & Executive Vice President
Jeroen M. van Rotterdam Senior Vice President-Engineering
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