Shares of Citrix (CTXS) corrected by about 12% after pre-announcing a 3rd quarter earnings miss. Full results will be published later this month. The vast majority of the miss is from non-recurring revenue sources, principally product and license.” The fact that CTXS did not perform a conference call has created substantial agitation for investors who put the stock in the penalty box.
We remain confident about CTXS business as the company capitalizes on the next-generation wave of datacenters and cloud spending.