The Latest Breaking News from CTXS

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 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…