Needham & Company Upgrades Citrix Systems (CTXS) to Buy

BofA/Merrill Lynch Upgrades Citrix Systems (CTXS) to Buy

BofA/Merrill Lynch upgraded Citrix Systems (NASDAQ: CTXS) from Underperform to Buy with a price target of $82. Analyst Kash Rangan sees potential value creation from spinouts and divestitures.

For an analyst ratings summary and ratings history on Citrix Systems... More

Piper Jaffray Upgrades Citrix Systems (CTXS) to Neutral

Piper Jaffray upgraded Citrix Systems (NASDAQ: CTXS) from Underweight to Neutral with a price target of $75.00 (from $60.00) amid shareholder activism.

Analyst Katherine Egbert commented, "Given Elliotts track record of success in unlocking shareholder value, we believe there is a high... More

Market Wrap: Twitter CEO Costolo Resigns; U.S. Retail Sales Rose in May; Hess Inks Major Midstream Deal

Market wrap for June 11th

End of the Day: S&P 500 up 3.7 to 2,108.86; Dow Jones up 39.0 to 18,039.37; Nasdaq up 5.8 to 5,082.51

Market Brief: U.S. markets ended positive for the second-straight session Thursday amid reports the bailout extension talks with Greece stopped on failure of the country to make progress.

Twitter CEO Dick Costolo will step down following long-time speculation that he would be replaced.

Retail sales advanced in May with just about every category showing gains. Growth was 1.2 percent,... More

Citrix Systems (CTXS) Responds to Letter from Elliott Management

Citrix Systems, Inc. (NASDAQ: CTXS) today issued the following statement in response to a letter to the Citrix Board of Directors from Elliott Management Corp.

Citrix has always maintained an ongoing dialogue with our shareholders, and we welcome their input. We will... More

Citrix Systems (CTXS) PT Raised to $78 at Nomura Amid Activist Stake

Nomura Securities analyst Rick Sherlund bumped his price target on Citrix Systems (NASDAQ: CTXS) to $78.00 (from $70.00) after activist Investor Elliott Management has announced a 7.1% ownership interest in Citrix and has asked for a board seat as well as outlined a plan to enhance shareholder value.

Sherlund commented, "Citrix has struggled to enhance value... More

Citrix Systems (CTXS) PT Raised to $80 at Mizuho Securities on Activist Stake

Mizuho Securities analyst Abhey Lamba reiterated an Outperform rating and boosted its price target on Citrix Systems (NASDAQ: CTXS) to $80.00 (from $72.00) after Elliott announced a 7% stake in the company this morning and requested a meeting with the board.

Lamba commented, "As we have... More

Elliott Sends Letter to Citrix Systems (CTXS) Board; Sees Stock Price of $90 - $100 by End of FY16

Elliott Management Corporation (Elliott) holder of 7.1% of Citrix Systems (NASDAQ: CTXS) stock, sent the following letter to the Board of Directors of Citrix:

June 11, 2015

The Board of Directors

Citrix Systems, Inc.

851 West Cypress Creek Road

Fort Lauderdale, FL 33309

Attn: Thomas Bogan, Chairman

Attn: Mark Templeton, CEO

Dear Thomas, Mark and Members of the Board:

I am writing to you on behalf of Elliott Associates, L.P. and Elliott International, L.P. (together, Elliott or we), which together own 7.1% of the common stock and... More