- Shares of Citrix Systems have been in limbo over the past year, after the pandemic initially gave a kick to the company's Workspace product.
- A recent $2.25 billion acquisition of a work collaboration tool called Wrike, surprisingly at a good valuation, may give an opportunity for Citrix to kickstart its growth.
- Organic growth, however, seems to be faltering, and the benefits from the company's subscription transition have largely been complete already.
- Citrix is fairly valued at ~21x current-year EPS.
For further details see:
Citrix: Fading Pandemic Tailwinds Will Bring Challenges To Organic Growth