Morningstar - Citrix Systems Inc. (CTXS) Citrix Delivers In-Line 4Q Results; Maintaining $64 FVE

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Morningstar

Rodney Nelson

EUR 101.80 For Business Accounts Only

Citrix Delivers In-Line 4Q Results; Maintaining $64 FVE

Citrix announced fourth-quarter results in line with our expectations, with solid revenue growth from legacy workspace and networking supported by strong growth in the companyâ€™s cloud service business. Although the company is continuing its planned shift to focus on its software-as-a-service, or SaaS, offerings, we still believe revenue growth will be capped in the low to midsingle digits for the foreseeable future. We will maintain our $64 fair value estimate for narrow-moat Citrix and view the...

01/02/2018 12 EN

Underlying

Citrix Systems Inc.

Citrix Systems is an enterprise software company. The company markets and licenses its solutions through multiple channels worldwide, including selling through resellers, direct and over the Web. The company's partner community comprises thousands of value-added resellers known as Citrix Solution Advisors, value-added distributors, systems integrators, independent software vendors, original equipment manufacturers and Citrix Service Providers. The company provides solutions and services that it categorizes into three inter-related and complementary areas: Workspace, Networking and Professional Services.

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US1773761002 NASDAQ Stock Market United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Rodney Nelson

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Citrix Delivers In-Line 4Q Results; Maintaining $64 FVE

Moody's withdraws Citrix's ratings following merger with TIBCO

New Study Shows Chief Information Officers Now Have Ultimate Control of Organizational Budgets and Strategies

Wrike Expands Leadership Team With Strategic Hires Focused On Customer Growth, New Markets

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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