We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Will Citrix Systems' (CTXS) Management Reshuffle Revive it?
Read MoreHide Full Article
Shares of Citrix Systems have been struggling lately. The stock has underperformed its industry in the first eight months of the year. The stock has depreciated 12.4%, as against the industry’s rally of 25.1% in the same period.
Apart from other headwinds that is limiting bottom-line growth, the frequent management changes at Citrix also do not seem to bode well as far as investors’ confidence in the stock is concerned. Last week, Citrix announced the appointment of Mark J. Ferrer as its executive vice president and chief revenue officer. Also, the company announced a change in the composition of its board by roping in Dr. Ajei S. Gopal. Gopal as the president and chief executive officer (CEO) of ANSYS Inc. ((ANSS - Free Report) ).
Additionally, Citrix has been making frequent changes to its CEO position. In July 2017, the company appointed David J. Henshall as its new president and CEO. Henshall has succeeded Kirill Tatarinov as the CEO. Notably, Kirill Tatarinov had joined Citrix from Microsoft (MSFT - Free Report) .
In fact, the appointment of Henshall implies that Citrix has had four CEOs in less than two years. Only time will tell, whether the appointment of Henshall yields the desired results as Citrix expects to increase its profitability and find favor with shareholders.
The frequent management changes apart, Citrix’s bottom line has been hurt by high costs as well. Declining revenues from products and licenses also pose a severe challenge to the company. However, strong Software-as-a-Service (SaaS) revenues are boosting the company. Citrix apart, other players in the SaaS market include the likes of Oracle (ORCL - Free Report) .
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Will Citrix Systems' (CTXS) Management Reshuffle Revive it?
Shares of Citrix Systems have been struggling lately. The stock has underperformed its industry in the first eight months of the year. The stock has depreciated 12.4%, as against the industry’s rally of 25.1% in the same period.
Apart from other headwinds that is limiting bottom-line growth, the frequent management changes at Citrix also do not seem to bode well as far as investors’ confidence in the stock is concerned. Last week, Citrix announced the appointment of Mark J. Ferrer as its executive vice president and chief revenue officer. Also, the company announced a change in the composition of its board by roping in Dr. Ajei S. Gopal. Gopal as the president and chief executive officer (CEO) of ANSYS Inc. ((ANSS - Free Report) ).
Additionally, Citrix has been making frequent changes to its CEO position. In July 2017, the company appointed David J. Henshall as its new president and CEO. Henshall has succeeded Kirill Tatarinov as the CEO. Notably, Kirill Tatarinov had joined Citrix from Microsoft (MSFT - Free Report) .
In fact, the appointment of Henshall implies that Citrix has had four CEOs in less than two years. Only time will tell, whether the appointment of Henshall yields the desired results as Citrix expects to increase its profitability and find favor with shareholders.
The frequent management changes apart, Citrix’s bottom line has been hurt by high costs as well. Declining revenues from products and licenses also pose a severe challenge to the company. However, strong Software-as-a-Service (SaaS) revenues are boosting the company. Citrix apart, other players in the SaaS market include the likes of Oracle (ORCL - Free Report) .
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>