Citrix Systems (CTXS) Tops Q2 EPS by 6c; Boosts FY16 Outlook
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Stifel Downgrades Citrix Systems (CTXS) to Hold
July 27, 2016 7:45 AM EDTStifel 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.
... MoreLogMeIn (LOGM) to Merge with Citrix’s (CTXS) GoTo Business
July 26, 2016 4:01 PM EDTLogMeIn, 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
