CTXS Citrix Systems Dashboard

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

NASDAQ

Website

www.citrix.com

CEO

David Henshall

Incorporated

Delaware

Location

Florida

Fiscal year end

Dec 31

Sector

Information > Software Publishers

Industry (SIC)

Services - Prepackaged Software

Microsoft • Oracle • BlackBerry • NortonLifeLock • Activision Blizzard • Adobe • Vmware • Ceridian HCM Holding • McAfee • Intuit ...

SEC CIK

0000877890

Corporate docs

Articles of Incorporation & Bylaws

IRS number

752275152

CTXS stock data

S&P 500

1M 1Y 2Y 5Y

News

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Morgan Stanley Maintains Equal-Weight on Citrix Systems, Lowers Price Target to $90

30 Jul 21

Morgan Stanley maintains Citrix Systems (NASDAQ:CTXS) with a Equal-Weight and lowers the price target from $143 to $90.

Benzinga's Top Ratings Upgrades, Downgrades For July 30, 2021

30 Jul 21

RBC Capital Maintains Sector Perform on Citrix Systems, Lowers Price Target to $110

30 Jul 21

RBC Capital analyst Matthew Hedberg maintains Citrix Systems (NASDAQ:CTXS) with a Sector Perform and lowers the price target from $150 to $110.

Barclays Downgrades Citrix Systems to Underweight

30 Jul 21

70 Biggest Movers From Yesterday

30 Jul 21

Press releases

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Citrix Reports Second Quarter 2021 Financial Results

29 Jul 21

Citrix Systems, Inc. (NASDAQ:CTXS) today reported financial results for the second quarter ended June 30, 2021 by posting an earnings letter on its Investor Relations website at http://www.citrix.com/investors. Citrix

Citrix Systems to Announce Second Quarter 2021 Financial Results Before Market Open on Thursday, July 29

15 Jul 21

Citrix Systems, Inc. (NASDAQ:CTXS) today announced that it plans to report financial results for the second quarter ended June 30, 2021 on Thursday, July 29, 2021 before market open. At approximately 7:05 a.m. ET the

Citrix® Among Best Places to Work for Disability Inclusion

13 Jul 21

Citrix Systems, Inc. (NASDAQ:CTXS) today announced that it has again been named to the Disability Equality Index® (DEI) Best Places to Work for Disability Inclusion. A joint initiative of Disability:IN and the

Hollands Kroon Enables Work from Anywhere with Citrix® and RawWorks

6 Jul 21

Citrix® Presents 2021 Partner Innovation Awards

30 Jun 21

Calendar

30 Jul 21

2 Aug 21

31 Dec 21

Financial summary

Financial statements Chart CTXS financial data

Quarter (USD)	Jun 21	Mar 21	Dec 20	Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	501.11M	501.11M	501.11M	501.11M	501.11M	501.11M
Cash burn (monthly)	(positive/no burn)	4.5M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	n/a	5.02M	n/a	n/a	n/a	n/a
Cash remaining	n/a	496.09M	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	110.3	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

CTXS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Jul 21	Mark J Ferrer	Common Stock	Sell	Dispose S	No	Yes	117.15	2,445	286.43K	47,578.192
1 Jul 21	David J Henshall	Common Stock	Sell	Dispose S	No	Yes	117.15	3,859	452.08K	355,921.087
1 Jul 21	David J Henshall	Common Stock	Sell	Dispose S	No	Yes	117.15	2,000	234.3K	359,780.087
1 Jul 21	Shenkman Arlen	Common Stock	Sell	Dispose S	No	Yes	117.15	262	30.69K	69,772.329
1 Jul 21	Shenkman Arlen	Common Stock	Sell	Dispose S	No	Yes	117.15	673	78.84K	70,034.329
1 Jul 21	Robert Calderoni	Common Stock	Grant	Aquire A	No	No	0	2,129	0	21,449.708
1 Jul 21	Nanci Caldwell	Common Stock	Grant	Aquire A	No	No	0	2,129	0	36,580.041

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

CTXS institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

90.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	660	685	-3.6%
Opened positions	67	109	-38.5%
Closed positions	92	90	+2.2%
Increased positions	228	223	+2.2%
Reduced positions	256	269	-4.8%

13F shares	Current	Prev Q	Change
Total value	15.72B	14.83B	+6.0%
Total shares	112.01M	113.98M	-1.7%
Total puts	684.4K	1.56M	-56.1%
Total calls	569.8K	1.12M	-49.2%
Total put/call ratio	1.2	1.4	-13.8%

Largest owners	Shares	Value	Change
Vanguard	13.71M	$1.92B	-1.2%
BLK Blackrock	13M	$1.82B	+1.2%
TROW T. Rowe Price	10.6M	$1.49B	+4.0%
STT State Street	5.44M	$764.18M	-4.7%
Clearbridge Advisors	4.48M	$628.83M	+9.3%
Alliancebernstein	2.78M	$390.08M	+11.7%
Cantillon Capital Management	2.62M	$367.63M	NEW
First Trust Advisors	2.47M	$347.1M	-15.3%
Nordea Investment Management Ab	2.47M	$345.36M	+4.4%
Geode Capital Management	2.35M	$329.25M	+1.5%

Largest transactions	Shares	Bought/sold	Change
Cantillon Capital Management	2.62M	+2.62M	NEW
Norges Bank	0	-1.11M	EXIT
Acadian Asset Management	824.97K	-888.42K	-51.9%
IVZ Invesco	1.75M	+801.27K	+84.7%
Epoch Investment Partners	487.41K	+487.41K	NEW
AMP Ameriprise Financial	2.07M	+454.83K	+28.2%
First Trust Advisors	2.47M	-448.16K	-15.3%
Jacobs Levy Equity Management	0	-446.99K	EXIT
Aperio	0	-427.59K	EXIT
TROW T. Rowe Price	10.6M	+406.09K	+4.0%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

hopTo • F5 Networks • A10 Networks

Risks

Our recent 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.
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.
If our customers choose on-premises subscription licenses with short-term durations, our operating results may be adversely affected.
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.

Management Discussion

•App Delivery and Security products, which primarily include Citrix ADC and Citrix SD-WAN. Our App Delivery and Security products can be consumed via perpetual license or under pooled licensing agreements that give customers flexibility to consume in either a hardware form factor or as a software, over the contract term.
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, other than the related support which is recognized over the contractual term. 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 primarily represents fees related to the perpetual licensing of our solutions, primarily related to 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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

New words: ACV, analyzing, began, booking, complexity, desired, embracing, evolution, faster, fewer, force, Inability, increasingly, indirect, knowledge, lacked, landing, leadership, organizational, prioritizing, quota, realigning, reallocating, recruit, recruiting, reorganization, reorganize, reorganizing, slightly, stay, strength, team, transparency, unexpected, unsuccessful

Removed: acceleration, alleged, attributable, Beach, burden, Circuit, codification, complaint, corporation, County, Court, Delaware, distributor, earned, ease, Facilitation, family, Florida, GoTo, incorporated, Judicial, lawsuit, LogMeIn, mitigation, offsetting, optional, Palm, reclassified, recognizing, reference, reform, Registration, response, shorter, subtopic, topic, violated, weighted

From filing 10-Q 2021 Q2