Unsurprisingly, Citrix Systems (NASDAQ: CTXS) posted strong first-quarter results. After all, the company's products allow computer working environments to be available anywhere at any time, which is what many enterprises needed almost overnight as they shifted to work-from-home protocols in an effort to limit the spread of the coronavirus.
These short-term tailwinds could turn into a secular trend as companies experience the benefits of such solutions. But that does not mean you should buy Citrix stock. Here's why.
Citrix reported better-than-forecasted first-quarter results, leaving little room for doubt in the company's position.