Citrix Systems (CTXS) is being taken to task by activist shareholder Elliott Management, and at least one analyst says it could be headed toward going private. The enterprise software company received a letter Thursday from Elliott Management that encouraged the company to sell some units, cut costs and buy back some of its shares. Elliott, which owns a 7.1% stake in Citrix, requested a meeting with the company’s board to share a plan to improve
Imperva (IMPV) got a price target increase Thursday after an analyst said that the data-security firm’s “sales engine” is strengthening as the market shifts in its favor. “In our view, many of the problems Imperva faced a year ago stemmed from a lack of maturity in its sales organization and go-to-market strategy, and while we have already seen impressive traction, the results of changes to the sales organization have not yet been fully realized
Box (BOX) stock gapped up as much as 15.8% in early trading Thursday after the company late Wednesday reported a smaller-than-expected quarterly loss and raised its full-year revenue outlook on strong corporate demand for its cloud data storage products. “The first quarter showed solid improvement from the prior quarter as billings accelerated to the highest growth level in over a year and other financial metrics, including revenue, operating