Citrix Delivers Solid 4Q Ahead of GoTo Spinout; Shares Appear Overvalued
Citrix Systems closed out 2016 on a high note as it undergoes a transformation under the leadership of recently installed CEO Kirill Tatarinov. More important, management gave us our first indication of what the company will look like without the GoTo family of products, which will be spun out of the core Citrix business Jan. 31. We plan to update our fair value estimate to reflect the core Citrix business once the GoTo spin-off is completed. We maintain our $76 fair value estimate for the conso...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.
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.
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