Citrix Systems Inc. Up Almost 7% Today As This Activist Investor Moves In On The Stock

At the beginning of May, Citrix also announced the launch of its newly-designed platform Citrix Workspace Cloud, which is intended to simplify the on-demand delivery of a wide range of IT tools and services. Generally, businesses and people want instant access to all of the apps and data required for their activities, and the Citrix Workspace Cloud will allow them to get that access from any device and location. The cloud-based management platform offers Citrix’s customers the flexibility to choose the clouds and datacenter resources that they need, and pick the applications, data, files and other features that suit each organization’s needs. Unquestionably, the workplace is undergoing important changes from a physical workspace to a software-defined workspace and Citrix might benefit substantially from that current trend in the future. The company’s outlook appears quite strong, so Citrix shares could keep rising in the upcoming months and years.

Additionally, Citrix has delivered strong financial performance during the most recent fiscal quarter, which signals that the company has been successful in catching the benefits from the major changes in the workplace management industry. Precisely, the company generated revenues from workspace services of $391 million during the first quarter of 2015, which marks an increase of 2% from the same period a year ago. The company’s revenues from its delivery networking amounted to $161 million, reaching an increase of 3% year-over-year; while the revenues from its mobility apps reached an increase of 8% year-over-year, reaching a figure of $169 million. In the meantime, other reputable hedge funds including Bain Capital’s subsidiary Brookside Capital and D E Shaw, founded by D. E. Shaw own sizable stakes in Citrix Systems Inc. (NASDAQ:CTXS), the former owning 3.67 million shares valued at $234.41 million.

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