Tag Archives: ctxs

Citrix To Spin Off Its GoTo Business

As some predicted on Wall Street, Citrix Systems (CTXS) announced plans late Tuesday to spin off its GoTo products into a separate, publicly traded company. The transaction, intended to be a tax-free spinoff to Citrix shareholders, is expected to be completed in the second half of 2016. Citrix said the decision follows a “thorough review of strategic alternatives.” Citrix says the move will let it and the company established by the spinoff improve

Volatile Citrix Jumps 11% After Beat On Earnings

Citrix Systems (CTXS) stock gapped up Thursday to a three-year high after the business software maker pleasantly surprised Wall Street with earnings that beat views by more than 23% and revenue that also came in ahead of expectations. Citrix shares blew past their 52-week high reached in August, scaling heights not seen since 2012. Shares were up more than 11% to 79.88 in the stock market today. Citrix shares had been volatile in recent weeks,

Citrix Near Two-Year High On Q2 Beat; CEO Switch

Citrix Systems (CTXS) stock gapped up Wednesday to nearly a two-year high after the company late Tuesday announced changes at the top and posted a Q2 upside earnings surprise. Citrix Systems stock was up 9% in afternoon trading in the stock market today, near 76. Earlier, Citrix stock surpassed 76, reaching its highest price since September 2013. The maker of virtualization and other software announced late Tuesday that 14-year CEO Mark Templeton,