If investors got everything they wanted from Citrix Systems’ (CTXS) decision to spin off the GoTo family of businesses, why did Citrix stock fall like a dead weight Wednesday morning? Perhaps because analysts can see more clearly now the work and time still required to achieve their goals. Shares tumbled 8% after the morning bell in the stock market today, after the CEO late Tuesday announced that Citrix would spin off its GoTo family of
Sprint on Wednesday unleashed a promotion offering new customers a 50% price cut on their existing plans from AT&T, T-Mobile US and Verizon Communications. The promotion is similar to one Sprint rolled out in late 2014. The new offer adds customers of T-Mobile (TMUS). While recycled in part, Sprint’s 50%-off promotion may gain more traction this time, owing to its 4G network upgrade, some analysts say. Sprint’s stock fell 4% after Sprint CEO
Alphabet (GOOGL)-owned Google will see “long-term growth problems” now that its growth-challenged Google+ service has retreated from social networking to focus instead on content discovery and online discussions, according to an industry note from Edison Investment Research on Wednesday. Google on Tuesday launched a stripped-down version of Google+ that includes less emphasis on social networking and more on building Internet communities around