By now, virtualization is an old technology. Citrix Systems (CTXS) has been a legacy software company for quite some time now, barely able to lift its revenues beyond single-digit growth as it endeavored to transition its customers to a recurring-revenue subscription model. But now the sudden demand for remote work tools as offices around the globe re-configure to accommodate shelter-in-place restrictions has proven to be a huge boon to Citrix.
Shares are up nearly 30% year-to-date, and in Citrix Systems' recent Q1 earnings release, the company has proven that the coronavirus has been