David Hernandez
Long/short equity, medium-term horizon, growth at reasonable price, ETF investing

Citrix Is Facing A Very Competitive DAAS And EMM Market Environment

Citrix Systems, Inc. (NASDAQ:CTXS) is a technology company specializing in digital collaboration tools, virtualized environments, mobile and desktop management. Management has been able to grow revenue double digits over the last several years. From 2009-2013, revenue grew at a CAGR of 16.0%. The company's double digit revenue growth has resulted in net income growing at a CAGR of 15.5% over the same period. However, Citrix's growth has slowed down considerably in 2014. Revenue grew 9.2% y/y in the first half and only 7.0% y/y in Q2. The slowdown in growth has resulted in net income falling 12.2% y/y for the first half. In order to speed up growth, management has been trying to establish a foothold in the...

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