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Citrix Systems Inc (CTXS.OQ)

CTXS.OQ on NASDAQ Stock Exchange Global Select Market

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15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Citrix Systems authorizes aggregate $2 billion share repurchase
Tuesday, 14 Nov 2017 

Nov 13 (Reuters) - Citrix Systems Inc -:Citrix authorizes aggregate $2 billion share repurchase.Board authorized co to repurchase upto additional $1.7 billion of Citrix common stock, for total repurchase authorization over $2 billion.​.‍Announced pricing of a $750 million underwritten public offering of its 4.500% senior notes due 2027​.  Full Article

Citrix Systems Inc files for a potential mixed shelf offering size undisclosed‍​
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Citrix Systems Inc :Citrix Systems Inc files for a potential mixed shelf offering; size undisclosed‍​.  Full Article

Citrix reports sees FY 2018 revenue up about 1 to 2 pct
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Citrix Systems Inc ::Citrix reports third quarter 2017 financial results.Q3 non-GAAP earnings per share $1.22 from continuing operations.Q3 earnings per share $0.82 from continuing operations.Q3 revenue $691 million versus I/B/E/S view $691.5 million.Q3 earnings per share view $1.04 -- Thomson Reuters I/B/E/S.Sees FY 2017 non-GAAP earnings per share $4.79 to $4.81 from continuing operations excluding items.Sees FY 2017 GAAP earnings per share $2.80 to $2.93 from continuing operations.Sees FY 2018 revenue up about 1 to 2 percent.Sees FY 2017 revenue $2.82 billion to $2.83 billion.Fy2017 earnings per share view $4.63, revenue view $2.82 billion -- Thomson Reuters I/B/E/S.Fy2018 revenue view $2.93 billion -- Thomson Reuters I/B/E/S.  Full Article

Logmein receives U.S. FTC clearance for proposed merger with Citrix’s GoTo business
Monday, 26 Sep 2016 

Logmein Inc : Logmein receives U.S. Federal Trade Commission clearance for proposed merger with Citrix’s GoTo business .Transaction is expected to close in Q1 2017.  Full Article

LogMeIn says if deal terminated, co to pay Citrix termination fee of $62 mln
Tuesday, 26 Jul 2016 

LogMeIn Inc : Deal provides that co will reimburse Citrix's, GetGo's expenses up to $10 million if merger agreement is terminated by either party .If merger agreement is terminated by Citrix, company is obligated to pay Citrix a fee equal to $62 million.  Full Article

Citrix reports Q2 adj. earnings $1.20/shr
Tuesday, 26 Jul 2016 

Citrix Systems Inc : Citrix reports second quarter financial results . Q2 non-GAAP earnings per share $1.20 . Q2 earnings per share $0.77 . Q2 revenue $843 million versus I/B/E/S view $816.6 million . Sees Q3 2016 non-GAAP earnings per share $1.18 to $1.20 excluding items . Sees FY 2016 non-GAAP earnings per share $5.00 to $5.10 excluding items . Sees Q3 2016 GAAP earnings per share $0.71 to $0.74 . Sees FY 2016 GAAP earnings per share $2.86 to $2.99 . Sees Q3 2016 revenue $820 million to $830 million . Sees FY 2016 revenue $3.37 billion to $3.39 billion .Q2 earnings per share view $1.14 -- Thomson Reuters I/B/E/S.  Full Article

LogMeIn announces merger with Citrix's GoTo family of products
Tuesday, 26 Jul 2016 

Logmein Inc : LogMeIn announces merger with Citrix's GoTo family of products to create billion dollar industry leader . Deal for $1.8 billion . Run rate cost synergies of $65 million expected in year one and more than $100 million expected in year two . Bill Wagner, LogMeIn president and CEO, to lead combined company . Citrix and LogMeIn shareholders to each own approximately 50% of combined company . LogMeIn plans to issue $1.50 per share in dividends to its shareholders prior to closing . LogMeIn's Bill Wagner will continue in his role as president and CEO . LogMeIn's Ed Herdiech will serve as chief financial officer . Certain members of GoTo management team are expected to join combined company as well . Combined company is expected to achieve run rate cost synergies of more than $100 million within two years post-close . Board will form an operating committee upon close of transaction, which will consist of two LogMeIn directors and two Citrix directors . Combined company will be headquartered in Boston . Combination to result in Citrix equity holders receiving approximately 27.6 million LogMeIn shares on a fully diluted basis . Under RMT structure, transaction is expected to be tax-free to Citrix and its shareholders for U.S. federal income tax purposes . Expects combined company to have pro forma revenue of more than $1 billion.  Full Article

Citrix Systems appoints Kirill Tatarinov as President and CEO
Wednesday, 20 Jan 2016 

Citrix Systems:Says Kirill Tatarinov has been appointed President and CEO, effective January 25.Interim President and CEO Robert Calderoni continues his role as Executive Chairman.  Full Article

BRIEF-Citrix Systems authorizes aggregate $2 billion share repurchase

* Board authorized co to repurchase upto additional $1.7 billion of Citrix common stock, for total repurchase authorization over $2 billion.​