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Citrix's (CTXS) Secure Access Solutions Gain Solid Traction
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Citrix Systems recently revealed that Iceland-based Össur is utilizing the company’s digital workspace solutions and secure access offerings to set up an agile digital work platform and Zero Trust-based security framework. This will boost employee productivity amid the pandemic as well as extend safety to all applications and devices in use.
Headquartered in Reykjavik, Össur is one of the well-known providers of non-invasive orthopaedics (both prosthetics and orthotics) equipment.
By utilizing Citrix SD-WAN solution, Össur can safeguard network and confidential data through in-built next-generation firewalls and cloud-based Secure Web Gateway solutions. With the help of cloud orchestration platform, Össur can simplify supervision and management of network performance, noted Citrix.
Citrix Secure Internet Access solution extends a complete cloud-delivered security stack that helps clients like Össur to protect users, applications and data from malicious websites and malware threats. The solution is designed to enable clients to access applications leveraging direct internet access (DIA) without negatively impacting performance.
The digital workspace solutions from Citrix allow Össur to provide its employees with advanced apps like 3D computer-aided design (“CAD”) software even on mobile devices. .
Evolving Workspace Underscores Opportunities
Per MarketsAndMarkets report, the global digital workplace market is set to witness a CAGR of 21.3% between 2021 and 2026 and reach $72.2 billion.
The cyber security market, globally, is forecast to witness a CAGR of 10.9% between 2021 and 2028 and reach $372.04 billion, per a Grand View Research report. The remote work trend has resulted in increased instances of cyber-attacks, thereby necessitating the implementation of robust secure access solutions.
These projections bode well for Citrix, which is one the well-known players in the digital workspace solutions’ domain. Apart from Citrix SD-WAN and Citrix Secure Workplace Access solutions, the company also provides solutions like Citrix Virtual Apps and Desktops, Citrix Endpoint Management and Citrix Secure Browser.
Citrix boasts more than 400,000-strong clientele base that utilizes its comprehensive suite of digital workspace and security solutions.
Recently, the company’s workspace and security solutions were leveraged by Denmark-based Albertslund Municipality as well as Canada-based Ottawa Hospital and IT solutions provider iOCO.
With the continuation of remote work, telehealth and online education trends, Citrix’s workspace solutions continue to gain steady traction. Further, recent Wrike buyout is expected to bolster the company’s presence in the lucrative software as a service (SaaS)-based collaborative work management solutions’ domain.
More importantly, the adoption hybrid/flexible work model is expected to drive demand for digital workspace solutions in the post pandemic world.
According to a recent research report from Citrix, more than 90% of the professionals (millennials and Generation Z) surveyed favored flexible work model. Meanwhile, 82% of the employers surveyed were working on adapting to hybrid work culture to cater to the needs of their workforce.
Nonetheless, escalating expenses toward product enhancements amid intensifying competition from VMware's Horizon and Amazon’s (AMZN - Free Report) Amazon WorkSpaces are likely to limit margin expansion, at least in the near term.
Shift toward software-based solutions from traditional hardware is likely to dent App Delivery and Security revenues in the days ahead. A highly-leveraged balance sheet is an added concern for this Zacks Rank #3 (Hold) company.
Long-term earnings growth rate for Zoom Video and Silicon Motion is currently pegged at 15.6% and 8%, respectively.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
Image: Bigstock
Citrix's (CTXS) Secure Access Solutions Gain Solid Traction
Citrix Systems recently revealed that Iceland-based Össur is utilizing the company’s digital workspace solutions and secure access offerings to set up an agile digital work platform and Zero Trust-based security framework. This will boost employee productivity amid the pandemic as well as extend safety to all applications and devices in use.
Headquartered in Reykjavik, Össur is one of the well-known providers of non-invasive orthopaedics (both prosthetics and orthotics) equipment.
By utilizing Citrix SD-WAN solution, Össur can safeguard network and confidential data through in-built next-generation firewalls and cloud-based Secure Web Gateway solutions. With the help of cloud orchestration platform, Össur can simplify supervision and management of network performance, noted Citrix.
Citrix Secure Internet Access solution extends a complete cloud-delivered security stack that helps clients like Össur to protect users, applications and data from malicious websites and malware threats. The solution is designed to enable clients to access applications leveraging direct internet access (DIA) without negatively impacting performance.
Citrix Systems, Inc. Price and Consensus
Citrix Systems, Inc. price-consensus-chart | Citrix Systems, Inc. Quote
The digital workspace solutions from Citrix allow Össur to provide its employees with advanced apps like 3D computer-aided design (“CAD”) software even on mobile devices. .
Evolving Workspace Underscores Opportunities
Per MarketsAndMarkets report, the global digital workplace market is set to witness a CAGR of 21.3% between 2021 and 2026 and reach $72.2 billion.
The cyber security market, globally, is forecast to witness a CAGR of 10.9% between 2021 and 2028 and reach $372.04 billion, per a Grand View Research report. The remote work trend has resulted in increased instances of cyber-attacks, thereby necessitating the implementation of robust secure access solutions.
These projections bode well for Citrix, which is one the well-known players in the digital workspace solutions’ domain. Apart from Citrix SD-WAN and Citrix Secure Workplace Access solutions, the company also provides solutions like Citrix Virtual Apps and Desktops, Citrix Endpoint Management and Citrix Secure Browser.
Citrix boasts more than 400,000-strong clientele base that utilizes its comprehensive suite of digital workspace and security solutions.
Recently, the company’s workspace and security solutions were leveraged by Denmark-based Albertslund Municipality as well as Canada-based Ottawa Hospital and IT solutions provider iOCO.
With the continuation of remote work, telehealth and online education trends, Citrix’s workspace solutions continue to gain steady traction. Further, recent Wrike buyout is expected to bolster the company’s presence in the lucrative software as a service (SaaS)-based collaborative work management solutions’ domain.
More importantly, the adoption hybrid/flexible work model is expected to drive demand for digital workspace solutions in the post pandemic world.
According to a recent research report from Citrix, more than 90% of the professionals (millennials and Generation Z) surveyed favored flexible work model. Meanwhile, 82% of the employers surveyed were working on adapting to hybrid work culture to cater to the needs of their workforce.
Nonetheless, escalating expenses toward product enhancements amid intensifying competition from VMware's Horizon and Amazon’s (AMZN - Free Report) Amazon WorkSpaces are likely to limit margin expansion, at least in the near term.
Shift toward software-based solutions from traditional hardware is likely to dent App Delivery and Security revenues in the days ahead. A highly-leveraged balance sheet is an added concern for this Zacks Rank #3 (Hold) company.
Stocks to Consider
Some better-ranked stocks in the broader sector are Zoom Video (ZM - Free Report) and Silicon Motion Technology (SIMO - Free Report) . Both the stocks flaunt a Zacks Rank #1 (Strong Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Zoom Video and Silicon Motion is currently pegged at 15.6% and 8%, respectively.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>