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Citrix Systems Inc (CTXS.OQ)

CTXS.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Logmein receives U.S. FTC clearance for proposed merger with Citrix’s GoTo business
Monday, 26 Sep 2016 08:00am EDT 

Logmein Inc : Logmein receives U.S. Federal Trade Commission clearance for proposed merger with Citrix’s GoTo business .Transaction is expected to close in Q1 2017.  Full Article

LogMeIn says if deal terminated, co to pay Citrix termination fee of $62 mln
Tuesday, 26 Jul 2016 04:34pm EDT 

LogMeIn Inc : Deal provides that co will reimburse Citrix's, GetGo's expenses up to $10 million if merger agreement is terminated by either party .If merger agreement is terminated by Citrix, company is obligated to pay Citrix a fee equal to $62 million.  Full Article

Citrix reports Q2 adj. earnings $1.20/shr
Tuesday, 26 Jul 2016 04:05pm EDT 

Citrix Systems Inc : Citrix reports second quarter financial results . Q2 non-GAAP earnings per share $1.20 . Q2 earnings per share $0.77 . Q2 revenue $843 million versus I/B/E/S view $816.6 million . Sees Q3 2016 non-GAAP earnings per share $1.18 to $1.20 excluding items . Sees FY 2016 non-GAAP earnings per share $5.00 to $5.10 excluding items . Sees Q3 2016 GAAP earnings per share $0.71 to $0.74 . Sees FY 2016 GAAP earnings per share $2.86 to $2.99 . Sees Q3 2016 revenue $820 million to $830 million . Sees FY 2016 revenue $3.37 billion to $3.39 billion .Q2 earnings per share view $1.14 -- Thomson Reuters I/B/E/S.  Full Article

LogMeIn announces merger with Citrix's GoTo family of products
Tuesday, 26 Jul 2016 04:00pm EDT 

Logmein Inc : LogMeIn announces merger with Citrix's GoTo family of products to create billion dollar industry leader . Deal for $1.8 billion . Run rate cost synergies of $65 million expected in year one and more than $100 million expected in year two . Bill Wagner, LogMeIn president and CEO, to lead combined company . Citrix and LogMeIn shareholders to each own approximately 50% of combined company . LogMeIn plans to issue $1.50 per share in dividends to its shareholders prior to closing . LogMeIn's Bill Wagner will continue in his role as president and CEO . LogMeIn's Ed Herdiech will serve as chief financial officer . Certain members of GoTo management team are expected to join combined company as well . Combined company is expected to achieve run rate cost synergies of more than $100 million within two years post-close . Board will form an operating committee upon close of transaction, which will consist of two LogMeIn directors and two Citrix directors . Combined company will be headquartered in Boston . Combination to result in Citrix equity holders receiving approximately 27.6 million LogMeIn shares on a fully diluted basis . Under RMT structure, transaction is expected to be tax-free to Citrix and its shareholders for U.S. federal income tax purposes . Expects combined company to have pro forma revenue of more than $1 billion.  Full Article

Citrix Systems appoints Kirill Tatarinov as President and CEO
Wednesday, 20 Jan 2016 04:05pm EST 

Citrix Systems:Says Kirill Tatarinov has been appointed President and CEO, effective January 25.Interim President and CEO Robert Calderoni continues his role as Executive Chairman.  Full Article

Citrix Systems Inc says cut jobs - Reuters
Tuesday, 17 Nov 2015 06:51pm EST 

Citrix Systems Inc:Citrix Systems Inc under pressure from activist hedge fund Elliott Management, said it would spin off its GoTo business into a listed company and cut about 1,000 jobs, or more than 10 percent of its workforce - RTRS.The job cuts do not include the impact of the spinoff, the company said on Tuesday - RTRS.Citrix also said it would incur pretax charges of about $65 million-$85 million related to the job cuts in the fourth quarter of 2015 and fiscal 2016 - RTRS.  Full Article

Citrix Systems, Inc to Spin Off GoTo Family of Products
Tuesday, 17 Nov 2015 04:05pm EST 

Citrix Systems, Inc:To spin off goto family of products.Says plans to spin off its goto family of products into a separate, publicly traded company.Says announcement to pursue a separation follows thorough review of strategic alternatives for goto family of products.Chris Hylen, currently senior vice president,general manager of Citrix mobility apps business unit, to serve as CEO of new company.Plans to provide further details about the board of directors and management team as it works towards completion of the separation.Spin-off transaction will not require a shareholder vote.Expects to incur separation,restructuring charges through completion of transaction as co works to separate two businesses.Goldman, Sachs & co. and qatalyst partners are serving as financial advisors to Citrix.Says upon completion of separation, chris hylen will serve as CEO of the new company.  Full Article

Citrix Systems, Inc gives FY 2016 guidance; EPS guidance below analysts' estimates; gives FY 2017 revenue guidance
Tuesday, 17 Nov 2015 04:05pm EST 

Citrix Systems, Inc:Sees FY 2016 net revenue growth of one to two percent.Sees FY 2016 GAAP diluted earnings per share in the range of $2.64 to $2.82, and non-GAAP diluted earnings per share in the range of $4.40 to $4.50.Expects to achieve revenue growth of four to five percent in FY 2017.FY 2016 EPS of $4.20 on revenue of $3.40 billion - Thomson Reuters I/B/E/S.FY 2017 revenue of $3.60 billion - Thomson Reuters I/B/E/S.  Full Article

Citrix Systems Inc raises low end of prior FY 2015 revenue guidance; lowers FY 2015 EPS guidance
Wednesday, 21 Oct 2015 04:05pm EDT 

Citrix Systems Inc:Sees FY 2015 net revenue to be in the range of $3.24 billion to $3.25 billion.Sees FY 2015 GAAP diluted earnings per share to be in the range of $1.83 to $2.05.Sees FY 2015 Non-GAAP diluted earnings per share to be in the range of $3.85 to $3.90.FY 2015 revenue of $3.23 billion and EPS of $3.71 - Thomson Reuters I/B/E/S.  Full Article

Citrix Systems Inc appoints interim president and CEO
Wednesday, 21 Oct 2015 04:05pm EDT 

Citrix Systems Inc:Appointed Robert Calderoni as interim president and CEO, effective immediately.Mark Templeton, current president and CEO, will serve in an advisory role through the end of the year.  Full Article

BRIEF-Citrix Q3 non-GAAP earnings per share $1.32

* Sees FY 2016 non-GAAP earnings per share $5.18 to $5.20 excluding items