- OTR Global has downgraded Citrix (CTXS -1.9%) to Negative. The firm states checks point to significant sales weakness.
- Citrix has been facing tough competition from VMware's PC/app virtualization offerings (recently refreshed). In May, Piper argued (citing product parity, talent defections, and strong reseller checks) VMware has a chance to "mow down" Citrix.
- Last week: Citrix CEO cancels retirement plans