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4-Traders Homepage  >  Equities  >  Nasdaq  >  Citrix Systems    CTXS

CITRIX SYSTEMS (CTXS)
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Citrix : Named a Leader for Cloud and Hybrid Solutions in Enterprise File Sync and Share Platforms

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12/18/2017 | 02:03pm CET

Citrix is positioned as a leader in both The Forrester Wave™: Enterprise File Sync and Share Platforms -Cloud Solutions, Q4 2017 report as well as The Forrester Wave™: Enterprise File Sync and Share Platforms -Hybrid Solutions, Q4 2017 report. The two new, independent Forrester Wave reports evaluate enterprise files sync and share vendors.

According to The Forrester Wave, Cloud Solutions report, “Citrix differentiates with its process and security offerings. Citrix provides cloud and hybrid deployment options for ShareFile, its EFSS offering. Customers can share and collaborate on files, as well as get approvals or eSignatures in the context of a business process. It supports large files – up to 100 GB – by default. Customers can protect content with data loss prevention (DLP), mark sensitive items with configurable watermarking tools, and execute auditable transactions with digital signature support.”

Moving beyond traditional EFSS solutions, ShareFile is a content collaboration platform that focuses on collaboration, user productivity, infrastructure modernization, security, compliance and integration. ShareFile supports hybrid architectures — that is, synchronization and sharing functions are provided as a service, while corporate files can be kept either in the ShareFile cloud repository (through Citrix ShareFile StorageZones), on third-party clouds or on-premises (through Customer-Managed StorageZones).

A recent Citrix-commissioned Wakefield Research survey captures how cloud-based apps (including hybrid) and services are redefining the nature of work for office professionals of all ages, across the U.S. According to the survey, employee expectations for flexibility – in terms of where, when and how work gets done – continue to rise, along with demand for collaborative work environments, like the ShareFile content collaboration platform, which help improve workforce experience, engagement and productivity. The study surveyed 1,300 office professionals in the U.S. across major industries including healthcare, public sector (government and higher education) and financial services.

“To remain competitive, organizations are looking beyond traditional EFSS solutions. Citrix delivers a unique content collaboration platform that includes capabilities like workflow, digital signature, and multi-cloud/hybrid storage, all while ensuring content is secure,” said Adolfo Rodriguez, vice president, product, Citrix. “We believe being named a leader in both cloud and hybrid solution evaluations gives our ShareFile customers confidence. As organizations embrace cloud solutions, Citrix continues to drive innovation that helps increase productivity, while keeping apps and data secure at all times.”

To download “The Forrester Wave ™: Enterprise File Sync and Share Platforms - Cloud Solutions, Q4 2017” report click here.

To download “The Forrester Wave™: Enterprise File Sync and Share Platforms - Hybrid Solutions, Q4 2017” report click here.

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About Citrix

Citrix (NASDAQ:CTXS) aims to power a world where people, organizations and things are securely connected and accessible to make the extraordinary possible. We help customers reimagine the future of work by providing the most comprehensive secure digital workspace that unifies the apps, data and services people need to be productive, and simplifies IT’s ability to adopt and manage complex cloud environments. Citrix solutions are in use by more than 400,000 organizations including 99 percent of the Fortune 100 and 98 percent of the Fortune 500. Learn more at www.citrix.com.

For Citrix Investors

This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including statements concerning new products, research and development, offerings of products and services, market positioning and opportunities, headcount, customer demand, distribution and sales channels, our partners and other strategic or technology relationships, financial information and results of operations for future periods, product and price competition, strategy and growth initiatives, seasonal factors, natural disasters, stock-based compensation, licensing and subscription renewal programs, restructuring activities, international operations, investment transactions and valuations of investments and derivative instruments, reinvestment or repatriation of foreign earnings, fluctuations in foreign exchange rates, tax matters, tax rates, the expected benefits of acquisitions, changes in domestic and foreign economic conditions and credit markets, liquidity and debt obligations, changes in accounting rules or guidance, share repurchase activity, litigation and intellectual property matters. These statements are neither promises nor guarantees. Our actual results of operations and financial condition have varied and could in the future vary materially from those stated in any forward-looking statements.

More information about factors that could adversely affect the company's operating results and the market value of the Notes referenced above is described in Part I, Item 1A, “Risk Factors,” in our Annual Report on Form 10-K for the year ended December 31, 2016 and in our subsequent Quarterly Reports on Form 10-Q, copies of which may be obtained by visiting the company's Investor Relations website at http://investors.citrix.com/sec-filings or the SEC's website at www.sec.gov, and under the captions “Risk Factors” in the prospectus supplement and prospectus related to the offering. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to the company on the date hereof. The company assumes no obligation to update such statements. The information contained in, or that can be accessed through, the company’s websites (including, without limitation, the Investor Relations website mentioned in this paragraph) is not part of this press release. Any reference to the company’s websites are intended to be inactive textual references only.

© 2017 Citrix Systems, Inc. All rights reserved. Citrix, ShareFile, NetScaler, XenApp and XenDesktop are trademarks of Citrix Systems, Inc. and/or one or more of its subsidiaries, and may be registered in the U.S. Patent and Trademark Office and in other countries. All other trademarks and registered trademarks are property of their respective owners.


© Business Wire 2017
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Financials ($)
Sales 2017 2 824 M
EBIT 2017 876 M
Net income 2017 473 M
Finance 2017 1 256 M
Yield 2017 -
P/E ratio 2017 28,94
P/E ratio 2018 26,55
EV / Sales 2017 4,22x
EV / Sales 2018 4,04x
Capitalization 13 189 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 87,2 $
Spread / Average Target -0,35%
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David James Henshall President, Chief Executive Officer & Director
Robert M. Calderoni Executive Chairman
Mark M. Coyle Chief Financial Officer & Senior Vice President
Godfrey R. Sullivan Lead Independent Director
Murray J. Demo Independent Director
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