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settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.Īttorney Advertising. To be notified if a class action against Citrix Systems, Inc. Shareholders pay no fees or expenses.Īaron Dumas (800) 350-6003 Shareholder Information FormĪbout Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. (CTXS) securities between Januand October 6, 2021, you have until January 18, 2022, to ask the court to appoint you lead plaintiff for the class.Īll representation is on a contingency fee basis.
If you purchased shares of Citrix Systems, Inc. On this news, the Company’s stock dropped from $105.96 to $98.32 per share over the next two days. These changes were “significant and may cause short-term disruption before yielding tangible results.” Following these disclosures, Citrix’s stock dropped from $114.55 to $99.00 per share, or 13.6%.įinally, on October 6, 2021, Citrix announced that its president and chief executive officer had stepped down. Citrix also announced a major restructuring of its sales leadership in order to “enhance focus on” cloud migration. On July 29, 2021, Citrix reported that, despite prior assurances, the transition to the cloud was not as successful as the Company had led investors to believe. However, the Company continued to assure investors that this was a “very isolated item” and that the “transition to the cloud is progressing well.”
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Then, on April 29, 2021, Citrix announced lower than expected license conversions and that customers were not transitioning to the long-term cloud contracts as expected. During the class period, the Company claimed that the transition to a cloud-based product and to a subscription-pricing model was going smoothly and successfully.
#Citrix viewer stock software#
(CTXS) Misled Investors Regarding Subscriber Interest in its Cloud-Based ServiceĪccording to the complaint, in 2019, Citrix announced it would be shifting from a perpetual license model to a subscription license payment model, as well as transitioning from a software solution previously provided on-premises to a cloud-based service. in 2001 and ExpertCity, a provider of remote desktop products, in 2003.Citrix Systems, Inc.
The company launched its first initial public offering in 1995 and, with few competitors, experienced large revenue increases between 19.Ĭitrix acquired Sequoia Software Corp. (NASDAQ: CTXS) today announced the next phase in their partnership. By the 1990s, Citrix came to prominence as an industry leader in thin client technology, enabling purpose-built devices to access remote servers and resources. Nexthink, the leader in Digital Employee Experience (DEX) management software, and Citrix Systems, Inc.
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It began by developing remote access products for Microsoft operating systems, licensing source code from Microsoft, and has been in partnership with the company throughout its history. The company was founded in Richardson, Texas in 1989 by Ed Iacobucci, who served as chairman until his departure in 2000. Citrix products are claimed to be in use by over 400,000 clients worldwide, including 99% of the Fortune 100, and 98% of the Fortune 500. Citrix Systems shares are trading up 0.76 at 103.37 at the time of this writing on Thursday. is an American multinational cloud computing and virtualization technology company that provides server, application and desktop virtualization, networking, software as a service, and cloud computing technologies. Following the transaction, Henshall still owns 343,612 shares of Citrix Systems worth 35,519,172.
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