- Shares of Citrix have fallen 15% year to date and 20% from peaks as enthusiasm for its remote workspace products has waned in the post-pandemic era.
- Recently, the company took down its full-year revenue guidance, always a lightning rod for negativity in the tech sector.
- The guidance cut, however, is due more to Citrix’s ongoing subscription transition than it is fundamental slowness.
- The company is revamping its go-to-market strategy to address the slowdown.
- Ongoing rumors of a potential sale will also put a floor on the share price.
For further details see:
Citrix Systems: Buy While It's Down