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Key Developments: Citrix Systems Inc (CTXS.O)

CTXS.O on Nasdaq

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2 May 2016
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Latest Key Developments (Source: Significant Developments)

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

Citrix Systems Inc gives Q3 2015 outlook below analysts' estimates; gives FY 2015 outlook; EPS outlook above analysts' estimates
Tuesday, 28 Jul 2015 04:05pm EDT 

Citrix Systems Inc:Expects Q3 2015 net revenue to be in the range of $780 million to $790 million.Expects Q3 2015 GAAP diluted earnings per share to be in the range of $0.46 to $0.49.Expects Q3 2015 Non-GAAP diluted earnings per share to be in the range of $0.83 to $0.85.Expects FY 2015 Net revenue to be in the range of $3.22 billion to $3.25 billion.Expects FY 2015 GAAP diluted earnings per share to be in the range of $2.11 to $2.20.Expects FY 2015 Non-GAAP diluted earnings per share to be in the range of $3.65 to $3.75.Q3 2015 revenue of $791 million and EPS of $0.89 - Thomson Reuters I/B/E/S.FY 2015 revenue of $3.23 million and EPS of $3.56 - Thomson Reuters I/B/E/S.  Full Article

Citrix announces CEO succession plan
Tuesday, 28 Jul 2015 04:03pm EDT 

Citrix Systems Inc:Announces CEO succession plan.Says president and CEO Mark B. Templeton to retire.Mark B. Templeton to retire as president and CEO.Says board of directors initiates search to identify successor.Templeton will continue to serve as president and CEO and a director until such time as a successor has been appointed.  Full Article

Citrix Systems announces cooperation agreement with Elliott Management
Tuesday, 28 Jul 2015 04:02pm EDT 

Citrix Systems Inc:Announces cooperation agreement with elliott management.As part of the agreement, elliott's jesse cohn has been appointed to the Citrix board of directors to replace asiff hirji.Elliott management corp and affiliated funds own approximately 7.5 percent of citrix's common stock.To commence search for independent board member, mutually agreeable to Citrix and elliott, who will replace current board member.Elliott and certain of its affiliates have agreed to customary standstill, voting and other provisions for a period of at least year.Says board of directors has formed an operations committee.Operations committee will be comprised of four directors, including jesse cohn and the mutually-agreed-upon new independent director.  Full Article

Citrix Systems lowers Q1 2015 guidance
Thursday, 9 Apr 2015 04:08pm EDT 

Citrix Systems:Expects Q1 2015 revenue to be in the range of $755 million to $760 million, below guidance of $780 million to $790 million.Expects Q1 2015 net income per diluted share to be in the range of $0.15 to $0.17 compared to guidance of $0.20 to $0.22 per diluted share.Expects Q1 2015 Non-GAAP net income per diluted share to be in the range of $0.63 to $0.65, compared to guidance of $0.70 to $0.72 per diluted share.Q1 2015 revenue of $787 million and EPS of $0.72 - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Citrix Systems Q1 earnings per share $0.54

* Q1 earnings per share view $0.92 -- Thomson Reuters I/B/E/S

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