Citrix Exploring Options With Potential Buyers After Dismal Stock Performance: Bloomberg

September 15, 2021 7:24 AM | 1 min read |

Citrix Systems Inc CTXS is exploring options for sale following a sharp drop in its share price, Bloomberg reports.
The shares plunged 16% year to date, reaching a market value of $13.6 billion, marking their sharpest decline since their disappointing Q2 2008 results.
Elliott Investment Management recently acquired a 10% stake in the workplace software maker.
Elliott previously disclosed a stake in 2015, arguing that it was suffering from poor execution and management.
Citrix's previous sale attempts in 2017 with potential buyers, including Bain Capital and Thoma Bravo, stalled due to valuation.
Price Action: CTXS shares are trading higher by 4.40% at $114.40 premarket on the last check Wednesday.