Report
Rodney Nelson
EUR 147.86 For Business Accounts Only

Public Cloud a Driving Force Behind Citrix’s Recent Outperformance, but Shares Look Overheated

Secure data and application delivery within public cloud settings continues to fuel strong performance for Citrix, as NetScaler and XenApp had standout results in the firm’s second quarter. In particular, we believe Citrix’s increased relationship is bearing significant fruit for both products, particularly as enterprises look to migrate legacy applications to public cloud infrastructure. While these trends are driving near-term performance, we think long-term outperformance for application deli...
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.

Provider
Morningstar
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.

Analysts
Rodney Nelson

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