The Latest Breaking News from Citrix

Technology stocks are expected to remain under pressure in the near term due to the Fed’s hawkish tilt and surging market volatility. Wall Street analysts expect fundamentally weak stocks Ubiquiti (UI), Citrix Systems (CTXS), and Inseego (INSG) to slump further in price in the near term. Let’s discuss.

Citrix Systems, the long-time software developer based in Fort Lauderdale, Florida, has reached an agreement to be taken over by two large investment firms for $16.5 billion.

Citrix Systems Inc (NASDAQ:CTXS) reported fourth-quarter FY21 revenue growth of 5% year-on-year to $851 million. The non-GAAP net income was $186 million versus $183 million last year. Citrix reported a non-GAAP EPS of $1.47. Vista Equity Partners and Evergreen Coast Capital affiliates agreed to acquire Citrix in an all-cash transaction valued at $16.5 billion, including…

Elliott Investment Management and Vista Equity Partners are in advanced talks to buy software-maker Citrix Systems Inc (NASDAQ:CTXS), Bloomberg reported recently. Elliott and Vista have tapped banks to finance their offer. Related Content: Why Are Citrix Shares Trading Higher Tuesday Premarket? Vista is still considering using its portfolio company Tibco as part of the…