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Citrix Systems Inc - Stock Quote CTXS

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Morningstar's Citrix Systems Inc Stock Analysis

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We Still See Citrix Deal Closing Midyear for $104 per Share; Fair Value Estimate Unchanged at $104

Dan Romanoff, CPA Senior Equity Analyst

Analyst Note

| Dan Romanoff, CPA |

We are maintaining our fair value estimate for narrow-moat Citrix at $104 per share, as the pending takeover by Vista Equity Partners and Evergreen Coast Capital looms. On April 21, 2022, Citrix shareholders approved the acquisition, which was for $104 per share in cash. The deal is still expected to close in mid-2022. With shares trading around $93 per share, the market is suggesting there is a chance the deal might not close or might close at a lower price. We continue to believe the deal will go through as proposed. Prior to the acquisition announcement, we had viewed Citrix as a "show me" story given some of the persistent demand and execution issues the company had been experiencing.

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Citrix Systems Inc's Company Profile

Business Description

Citrix Systems provides virtualization software, including Virtual Apps and Desktops for desktop virtualization and Citrix Virtual Apps for application virtualization. The company also provides Citrix Endpoint Management for mobile device management and Citrix ADC for application delivery and Citrix SDWAN for routing, security, and WAN monitoring.

851 West Cypress Creek Road
Fort Lauderdale, FL, 33309
T +1 954 267-3000
Sector Technology
Industry Software - Application
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Slow Growth
Employees 9,700

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