Citrix builds the secure, unified digital workspace technology that helps organizations unlock human potential and deliver a consistent workspace experience wherever work needs to get done. With Citrix, users get a seamless work experience and IT has a unified platform to secure, manage, and monitor diverse technologies in complex cloud environments.

Company profile
Ticker
CTXS
Exchange
Website
CEO
David Henshall
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Microsoft • Oracle • NortonLifeLock • BlackBerry • Activision Blizzard • Vmware • Adobe • Ceridian HCM Holding • McAfee • Electronic Arts ...
SEC CIK
Corporate docs
Subsidiaries
Bytemobile, Inc. • Cedexis Inc. • Citrix Application Networking LLC • Citrix Global Holdings B.V. • Citrix Holanda B.V. • Citrix Online AUS Pty Ltd. • Citrix Overseas Holdings, B.V. • Citrix R&D • Citrix R&D Limited • Citrix Sistemas de Argentina, S.R.L. ...
IRS number
752275152
CTXS stock data
Press releases
Companies Rethink Strategies for Enabling Hybrid Work
2 Aug 22
City of Corona Modernizes IT with Citrix® to Support Remote Work
26 Jul 22
Vista Equity Partners and Evergreen Coast Capital Announce Appointment of Tom Krause as CEO of Combined Company of Citrix Systems and TIBCO Software Upon Closing
11 Jul 22
Citrix Provides Update on Pending Acquisition by Affiliates of Vista Equity Partners and Evergreen Coast Capital
11 Jul 22
Nearly 80% of Employees are Working at Cross Purposes to Their Colleagues
29 Jun 22
Calendar
26 Jul 22
12 Aug 22
31 Dec 22
Financial summary
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Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Aug 22 | Hector Lima | Common Stock | Payment of exercise | Dispose F | No | No | 101.95 | 1,754 | 178.82K | 38,893.208 |
2 Aug 22 | Schmitz Mark J. | Common Stock | Payment of exercise | Dispose F | No | No | 101.95 | 1,340 | 136.61K | 65,167.625 |
1 Aug 22 | Robert Calderoni | Common Stock | Payment of exercise | Dispose F | No | No | 101.27 | 5,837 | 591.11K | 129,993.325 |
1 Jul 22 | Robert Calderoni | Common Stock | Grant | Acquire A | No | No | 0 | 0.536 | 0 | 135,830.325 |
1 Jul 22 | Robert Calderoni | Common Stock | Payment of exercise | Dispose F | No | No | 97.93 | 845 | 82.75K | 135,829.789 |
1 Jul 22 | Robert Calderoni | Common Stock | Payment of exercise | Dispose F | No | No | 97.93 | 5,836 | 571.52K | 136,674.789 |
1 Jul 22 | Nanci Caldwell | Common Stock | Grant | Acquire A | No | No | 0 | 0.536 | 0 | 36,830.382 |
Institutional ownership, Q1 2022
93.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 566 |
Opened positions | 108 |
Closed positions | 107 |
Increased positions | 152 |
Reduced positions | 206 |
13F shares | Current |
---|---|
Total value | 11.98B |
Total shares | 118.26M |
Total puts | 1.22M |
Total calls | 908.84K |
Total put/call ratio | 1.3 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 14.05M | $1.42B |
BLK Blackrock | 12.8M | $1.29B |
BCS Barclays | 8.44M | $851.25M |
TROW T. Rowe Price | 6.57M | $662.6M |
STT State Street | 5.33M | $537.43M |
Elliott Associates | 4.48M | $495.07M |
Pentwater Capital Management | 3.43M | $346.3M |
BNS Bank Of Nova Scotia | 3.33M | $336.37M |
Geode Capital Management | 2.66M | $267.44M |
DB Deutsche Bank AG - Registered Shares | 2.42M | $243.86M |
Financial report summary
?Risks
- The Merger, the pendency of the Merger or our failure to complete the Merger could have a material adverse effect on our business, results of operations, financial condition and the price of our common stock.
- While the Merger Agreement is in effect, we are subject to restrictions on our business activities.
- The expansion of cloud-based solutions (as opposed to traditional on-premise delivery of our products) and our efforts to transition our customers from on-premise to the cloud, including the pace of that transition, has and will introduce a number of risks and uncertainties unique to such a shift in delivery, which could adversely affect our business, results of operations and financial condition.
- A significant portion of our revenues historically has come from our Application Virtualization and VDI solutions and our App Delivery and Security products, and decreases in sales for these solutions could adversely affect our results of operations and financial condition.
- We face intense competition, which could result in customer loss, fewer customer orders and reduced revenues and margins.
- Actual or perceived security vulnerabilities in our products and services or cyberattacks on our services infrastructure or corporate networks could have a material adverse impact on our business, results of operations and financial condition.
- We rely on indirect distribution channels and major distributors that we do not control.
- The effects of the COVID-19 pandemic remain uncertain and could adversely affect our business, results of operations, financial condition and cash flows, and such effects will depend on future developments.
- Our business could be adversely impacted by conditions affecting the information technology market in which we operate.
- Regulation of privacy and data security may adversely affect sales of our products and services and result in increased compliance costs.
- Our solutions could contain errors that could delay the release of new products or otherwise adversely impact our products and services.
- Certain of our offerings have sales cycles which are long and/or unpredictable which could cause significant variability and unpredictability in our revenue and operating results for any particular period.
- Changes to our licensing or subscription renewal programs, or bundling of our solutions, could negatively impact the timing of our recognition of revenue.
- Sales and renewals of our support solutions constitute a large portion of our deferred revenue.
- Our App Delivery and Security business has encountered challenges meeting demand for certain products, and may continue to encounter challenges meeting demand for certain products, if there are any interruptions or delays in the supply of hardware or hardware components from our third-party sources.
- In order to be successful, we must attract, engage, retain and integrate key employees and have adequate succession plans in place, and failure to do so could have an adverse effect on our ability to manage our business.
- The reorganization of our sales leadership, customer-facing organization and sales processes to better align with our business strategy may be disruptive to our operations, will require increasing the number of direct quota carrying sales personnel, and may not yield the short or long-term benefits that we expect.
- Our international presence subjects us to additional risks that could harm our business.
- Adverse changes in global economic conditions could adversely affect our operating results.
- We cannot guarantee that our previously-announced restructuring program will achieve its intended result.
- If our customers choose on-premise subscription licenses with short-term durations, our operating results may be adversely affected.
- Acquisitions and divestitures present many risks, and we may not realize the financial and strategic goals we anticipate.
- Our acquisition of Wrike involves a number of risks that could adversely affect our business, financial condition and operating results, and we may not realize the financial and strategic goals we anticipate.
- If we determine that any of our goodwill or intangible assets, including technology purchased in acquisitions, are impaired, we would be required to take a charge to earnings, which could have a material adverse effect on our results of operations.
- Our inability to maintain or develop our strategic and technology relationships could adversely affect our business.
- Our efforts to protect our intellectual property may not be successful, which could materially and adversely affect our business.
- Our solutions and services, including solutions obtained through acquisitions, could infringe third-party intellectual property rights, which could result in material litigation costs.
- Our use of “open source” software could negatively impact our ability to sell our solutions and subject us to possible litigation.
- If we lose access to third-party licenses, releases of our solutions could be delayed.
- Our business depends on maintaining and protecting the strength of our collection of brands.
- Our portfolios of liquid securities and other investments may lose value or become impaired.
- Changes in our tax rates or our exposure to additional income tax liabilities could affect our operating results and financial condition.
- We are exposed to fluctuations in foreign currency exchange rates, which could adversely affect our future operating results.
- We are involved in litigation, investigations and regulatory inquiries and proceedings that could negatively affect us.
- Our stock price could be volatile, particularly during times of economic uncertainty and volatility in domestic and international stock markets, and you could lose the value of your investment.
- Changes or modifications in financial accounting standards may have a material adverse impact on our reported results of operations or financial condition.
- Natural disasters, climate-related impacts, or other unanticipated catastrophes that result in a disruption of our operations could negatively impact our results of operations.
Management Discussion
- We generate revenue from sales of our Subscription, Product and license and Support and services offerings.
- Subscription revenue relates to fees for SaaS, which are generally recognized ratably over the contractual term and non-SaaS, which are generally recognized at a point in time. SaaS primarily consists of subscriptions delivered via a cloud-hosted service whereby the customer does not take possession of the software, hybrid subscription offerings and the related support. Non-SaaS consists primarily of on-premise licensing, hybrid subscription offerings, CSP services and the related support. Our hybrid subscription offerings are allocated between SaaS and non-SaaS. In addition, our CSP program provides subscription-based services in which the CSP partners host software services to their end users. The fees from the CSP program are recognized based on usage and as the CSP services are provided to their end users.
- Product and license revenue represents fees related to the perpetual licensing of our solutions, primarily our App Delivery and Security products, which are recognized at a point in time. In October 2020, we discontinued broad availability of perpetual licenses for Citrix Workspace.
Content analysis
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H.S. junior Avg
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New words:
grew, hold, Sapho
Removed:
accelerate, adequate, consolidate, coverage, default, dispose, entitled, grace, incur, indexed, limitation, negative, notice, President, previously, proposed, restrict, target, type, Vice
Financial reports
Current reports
8-K
Citrix Provides Update on Pending Acquisition by Affiliates of Vista Equity Partners and Evergreen Coast Capital
11 Jul 22
8-K
Citrix Stockholders Approve Acquisition by Affiliates of Vista Equity Partners and Evergreen Coast Capital
22 Apr 22
8-K
Other Events
13 Apr 22
8-K
Departure of Directors or Certain Officers
23 Feb 22
8-K
Citrix Reports Fourth Quarter and Fiscal Year 2021 Financial Results
31 Jan 22
8-K
Cost Associated with Exit or Disposal Activities
15 Nov 21
8-K
Results of Operations and Financial Condition
4 Nov 21
8-K
Citrix Announces Leadership Transition
6 Oct 21
8-K
Results of Operations and Financial Condition
29 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
8 Jun 21
Registration and prospectus
S-8
Registration of securities for employees
1 Mar 21
S-8
Registration of securities for employees
1 Mar 21
424B5
Prospectus supplement for primary offering
10 Feb 21
FWP
Free writing prospectus
9 Feb 21
424B5
Prospectus supplement for primary offering
9 Feb 21
S-3ASR
Automatic shelf registration
30 Oct 20
S-8
Registration of securities for employees
31 Jul 20
424B5
Prospectus supplement for primary offering
21 Feb 20
FWP
Free writing prospectus
20 Feb 20
424B5
Prospectus supplement for primary offering
20 Feb 20
Proxies
DEFA14A
Additional proxy soliciting materials
13 Apr 22
DEFM14A
Proxy related to merger
16 Mar 22
PREM14A
Preliminary proxy related to merger
3 Mar 22
DEFA14A
Additional proxy soliciting materials
9 Feb 22
DEFA14A
Additional proxy soliciting materials
31 Jan 22
DEFA14A
Additional proxy soliciting materials
31 Jan 22
DEFA14A
Additional proxy soliciting materials
31 Jan 22
DEFA14A
Additional proxy soliciting materials
31 Jan 22
DEFA14A
Additional proxy soliciting materials
31 Jan 22
DEFA14A
Additional proxy soliciting materials
16 Apr 21
Other
SD
Conflict minerals disclosure
26 May 22
UPLOAD
Letter from SEC
5 Jan 22
CORRESP
Correspondence with SEC
7 Oct 21
UPLOAD
Letter from SEC
26 Sep 21
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
UPLOAD
Letter from SEC
20 Nov 17
CORRESP
Correspondence with SEC
6 Nov 17
Ownership
4
CITRIX SYSTEMS / Mark J. Schmitz ownership change
3 Aug 22
4
CITRIX SYSTEMS / Hector Lima ownership change
3 Aug 22
4
CITRIX SYSTEMS / ROBERT CALDERONI ownership change
2 Aug 22
4
CITRIX SYSTEMS / J Donald Sherman ownership change
5 Jul 22
4
CITRIX SYSTEMS / Peter John Sacripanti ownership change
5 Jul 22
4
CITRIX SYSTEMS / MOIRA A. KILCOYNE ownership change
5 Jul 22
4
CITRIX SYSTEMS / Thomas E Hogan ownership change
5 Jul 22
4
CITRIX SYSTEMS / MURRAY J DEMO ownership change
5 Jul 22
4
CITRIX SYSTEMS / NANCI CALDWELL ownership change
5 Jul 22
4
CITRIX SYSTEMS / ROBERT CALDERONI ownership change
5 Jul 22
Patents
Utility
Inter-application Relevance Management for Application Virtualization Platform
11 Aug 22
A system and method that provides inter-application relevance management for resources being brokered by an application virtualization platform.
Utility
System and Method to Correlate End User Experience with Location
11 Aug 22
Described embodiments provide for associating a user experience score with a location of a client.
Utility
Intelligent Path Selection Systems and Methods to Reduce Latency
11 Aug 22
Described embodiments provide systems and method for intelligent path selection to reduce latency and maintain security.
Utility
Secure Device Notifications From Remote Applications
11 Aug 22
Methods and systems for securely delivering notifications from remote applications to client devices are described herein.
Utility
Device gesture recognition system to control privacy mode
9 Aug 22
A mobile computing device is provided.
Transcripts
2021 Q3
Earnings call transcript
4 Nov 21
2021 Q2
Earnings call transcript
29 Jul 21
2021 Q1
Earnings call transcript
29 Apr 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
23 Apr 20
2019 Q4
Earnings call transcript
22 Jan 20
2019 Q3
Earnings call transcript
25 Oct 19
2019 Q2
Earnings call transcript
24 Jul 19
2019 Q1
Earnings call transcript
24 Apr 19
Reddit threads
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26 Jul 22
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25 Jun 22
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28 May 22
Daily Discussion Thread - May 19th, 2022
19 May 22
Daily Discussion Thread - May 18th, 2022
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Daily Discussion Thread - May 17th, 2022
17 May 22