Citrix Systems (CTXS) Tops Q2 EPS by 6c; Boosts FY16 Outlook

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Go back to Citrix Systems (CTXS) Tops Q2 EPS by 6c; Boosts FY16 Outlook

Stifel Downgrades Citrix Systems (CTXS) to Hold

July 27, 2016 7:45 AM EDT

Stifel downgraded Citrix Systems (NASDAQ: CTXS) from Buy to Hold and removed its price target (prior $96.00).

For an analyst ratings summary and ratings history on Citrix Systems click here. For more ratings news on Citrix Systems click here.

Shares of Citrix Systems closed at $89.33 yesterday.

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LogMeIn (LOGM) to Merge with Citrix’s (CTXS) GoTo Business

July 26, 2016 4:01 PM EDT

LogMeIn, Inc. (Nasdaq: LOGM) and Citrix Systems, Inc. (Nasdaq: CTXS) announced that the companies have entered into a definitive merger agreement for LogMeIn to combine with Citrixs GoTo business in a Reverse Morris Trust transaction. The transaction is valued at approximately $1.8 billion based on shares to be issued and LogMeIns closing price of $65.31 as of July 25, 2016. The transaction, which has been unanimously approved by the Boards of Directors of Citrix and LogMeIn, is expected to be tax-free to Citrix and its shareholders for U.S. federal... More