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US : Citrix Systems, Inc. - CTXS | Great Time to Start a Side Hustle

    Chase Donovan
    Chase Donovan

    Sr. Res. Assoc.

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    CGS-CIMB
    20 January 2021
    Published byCGS-CIMB

    We maintain our Outperform rating on Citrix following the Q4 beat and the company's announcement of its intent to acquire Wrike. While investor feedback we received was mixed, we like the deal. On-prem VDI is a "cash cow" business for Citrix today that is benefiting, and should continue to benefit,