Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

CITRIX SYSTEMS, INC.

(CTXS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Citrix Systems, Inc. (CTXS) on Behalf of Investors

11/22/2021 | 08:01pm EST

Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Citrix Systems, Inc. (“Citrix” or the “Company”) (NASDAQ: CTXS) investors concerning the Company’s possible violations of the federal securities laws.

If you suffered a loss on your Citrix investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/citrix-systems-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

On April 29, 2021, before the market opened, Citrix announced that customers did not transition from shorter-duration, on-premise licenses to long-term cloud accounts as expected. Instead, many customers moved on to another short-term on-premise license, citing the COVID-19 pandemic.

On this news, Citrix’s stock fell $10.49, or 7.6%, to close at $128.02 per share on April 29, 2021, thereby injuring investors.

Then, on July 29, 2021, Citrix reported that the transition to cloud was not as successful as the Company had led investors to believe. Citric announced a major restructuring of its sales leadership, warning that the changes were “significant and may cause short-term disruption before yielding tangible results.”

On this news, Citrix’s stock fell $15.55, or 13.6%, to close at $99.00 per share on July 29, 2021, injuring investors further.

Then, On October 6, 2021, Citrix announced that its President and CEO had resigned.

On this news, Citrix stock fell $7.64, or 7.2% over the next two consecutive trading sessions to close at $98.32 per share on October 8, 2021, thereby injuring investors further.

DISCLOSURE(S)

Follow us for updates on LinkedIn, Twitter, or Facebook.

Whistleblower Notice: Persons with non-public information regarding Citrix should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com.

About GPM

Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. ISS Securities Class Action Services has consistently ranked GPM in its annual SCAS Top 50 Report. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements. With four offices across the country, GPM’s nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPM’s lawyers have handled cases covering a wide spectrum of corporate misconduct including cases involving financial restatements, internal control weaknesses, earnings management, fraudulent earnings guidance and forward looking statements, auditor misconduct, insider trading, violations of FDA regulations, actions resulting in FDA and DOJ investigations, and many other forms of corporate misconduct. GPM’s attorneys have worked on securities cases relating to nearly all industries and sectors in the financial markets, including, energy, consumer discretionary, consumer staples, real estate and REITs, financial, insurance, information technology, health care, biotech, cryptocurrency, medical devices, and many more. GPM’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


ę Business Wire 2021
All news about CITRIX SYSTEMS, INC.
01/18Citrix Systems in Advanced Buyout Deal Discussions With Vista Equity, Elliott Investmen..
MT
01/18NORTH AMERICAN MORNING BRIEFING : Bond Yields Hit -2-
DJ
01/17SHAREHOLDER ALERT : Pomerantz Law Firm Investigates Claims On Behalf of Investors Citrix S..
PR
01/15Citrix Systems Reportedly Holds Advanced Sale Talks
CI
01/12Barclays Adjusts Citrix Systems' Price Target to $80 from $88, Keeps Underweight Rating
MT
01/12Wrike Simplifies and Accelerates Project and Program Resource Planning With New Platfor..
BU
01/11Employees Resolve to Shape New Future of Work in 2022
BU
01/06SHAREHOLDER ALERT : Pomerantz Law Firm Investigates Claims On Behalf of Investors Citrix S..
PR
2021SHAREHOLDER ALERT : Pomerantz Law Firm Investigates Claims On Behalf of Investors Citrix S..
PR
2021SHAREHOLDER ALERT : Pomerantz Law Firm Investigates Claims On Behalf of Investors Citrix S..
PR
More news
Analyst Recommendations on CITRIX SYSTEMS, INC.
More recommendations
Financials (USD)
Sales 2021 3 197 M - -
Net income 2021 252 M - -
Net Debt 2021 2 828 M - -
P/E ratio 2021 53,2x
Yield 2021 1,32%
Capitalization 12 597 M 12 597 M -
EV / Sales 2021 4,83x
EV / Sales 2022 4,52x
Nbr of Employees 9 000
Free-Float -
Chart CITRIX SYSTEMS, INC.
Duration : Period :
Citrix Systems, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CITRIX SYSTEMS, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Last Close Price 101,00 $
Average target price 99,28 $
Spread / Average Target -1,70%
EPS Revisions
Managers and Directors
Robert M. Calderoni Chairman, President & Chief Executive Officer
Arlen R. Shenkman Chief Financial Officer & Executive Vice President
Woong Joseph Kim Chief Technology Officer & EVP-Engineering
Meerah Rajavel Chief Information Officer
Mark Schmitz Chief Operating Officer & Executive Vice President
Sector and Competitors
1st jan.Capi. (M$)
CITRIX SYSTEMS, INC.6.78%12 597
MICROSOFT CORPORATION-10.01%2 272 290
SEA LIMITED-23.79%95 799
ATLASSIAN CORPORATION PLC-22.99%74 216
DASSAULT SYSTÈMES SE-13.29%67 626
SYNOPSYS INC.-14.93%48 100