Report
Rodney Nelson
EUR 147.86 For Business Accounts Only

There are challenges aplenty in a post-GoTo world for Citrix.

Citrix’s third-quarter results once again came in slightly higher than our above-consensus expectations, as the company continues to see renewed demand in its core Workspace Services. Management called out the strength of its Microsoft partnership, though we maintain some caution over whether this level of production is lasting or one-time in nature. We are maintaining our narrow moat rating, and we will likely modestly raise our $74 fair value estimate as we account for time value of money, and...
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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