Citrix Systems Inc

Cisco Systems (CSCO) recently disclosed plans to invest as much as $57 million in its Australia operations.

This month, eBay (EBAY) announced some form of settlement with activist investors Elliott Management and Starboard Value.

Citrix Systems’ (CTXS) revenue fell at a four-year CAGR (compound annual growth rate) of 1% to $2.8 billion in 2017.

Revenues from BlackBerry’s (BB) Enterprise Software and Services business fell from $91.0 million in fiscal Q2 2018 to $88.0 million in fiscal Q2 2019.

Nutanix has sustained strong growth in deferred revenue driven by growing contract wins and a strong product portfolio.

VMware (VMW) considers it extremely important to upgrade its product portfolio by investing in R&D (research and development) on a regular basis.

On September 5, VMware (VMW) was trading at a forward price-to-free-cash-flow multiple of ~16.5x.

Advanced Micro Devices (AMD) stock has been on a growth spree since August 20, hitting a new 52-week high of $27.30 on August 27.

VMware (VMW) has risen 6.5% in the last month, whereas in the last year, the stock has risen 61.8%.

In the last five years, VMW’s operating income grew at a CAGR (compound annual growth rate) of 9.0%.

VMW exited fiscal 2018 with free cash flow of ~$2.9 billion against $2.2 billion in fiscal 2017.

As part of VMware’s (VMW) share repurchase program, the company has bought back ~$5.4 billion in shares in the last five years.

In the last five years, the VMware’s unearned revenues have grown at a CAGR (compound annual growth rate) of 6.9%.

On May 22, VMware’s (VMW) market capitalization stood at $55.4 billion.

In the last five quarters, VMware’s revenues grew at a CAGR (compound annual growth rate) of 3.2%.

Leading enterprise cloud computing solution provider Nutanix (NTNX) continues to gain from the growing popularity of cloud computing.

Leading enterprise solution provider Nutanix (NTNX) is gradually shifting to software-centric business by slowly eliminating its hardware business.

Tableau Software exited fiscal 2017 with $165.0 million in free cash flow, up 42.0% year-over-year.

In order to enhance shareholder wealth, Autodesk (ADSK) continues to buy back shares on a regular basis.

Teradata (TDC) exited fiscal 2017 with $237.0 million in free cash flow compared to $328.0 million generated in fiscal 2016.

In a bid to enhance shareholder wealth, Take-Two Interactive Software (TTWO) continues to buy back shares.

BlackBerry (BB) has returned 79% in the trailing 12 months, 11.1% in the last month, and 2.4% in the trailing five days.

Cadence Design Systems (CDNS) reported double-digit growth in its operating income driven by a 31.5% YoY (year-over-year) fall in its expenses.

Citrix Systems (CTXS) ended fiscal 2017 with a share repurchase of nearly $1.2 billion.

Gartner expects global IT expenditures to increase 3.5% to ~$3.6 trillion in 2018.

In 2017, Citrix (CTXS) reported $2.8 billion in revenues. It expects its 2018 revenues to be $2.86 billion–$2.88 billion.

In 4Q17, Citrix’s Content Collaboration business grew nearly 23.0% year-over-year to $45.6 million.

VMware’s (VMW) EUC license bookings grew 40% on a YoY (year-over-year) basis in fiscal 3Q18.

Red Hat was trading at a forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of ~21.78x on September 29, 2017.

Of the 34 analysts covering VMware, 62% gave it a “buy” recommendation on August 29, 2017, and 38% gave it a “hold” recommendation. There are no “sell” recommendations on the stock.

Of the 36 analysts covering Snap, 11 gave it a “buy” recommendation, seven recommended a “sell,” and 18 recommended a “hold.”

Symantec’s comprehensive valuation Symantec (SYMC) has an EV (enterprise value) of ~$22.4 billion. In comparison, peers VMware (VMW), Intuit (INTU), Microsoft (MSFT), and Citrix Systems (CTXS) have EVs of ~$29 billion, ~$32.9 billion, ~$512.1 billion, and ~$12.2 billion, respectively. Symantec’s EV-to-adjusted EBITDA (enterprise value to adjusted earnings before interest, tax, depreciation, and amortization) multiple for […]

BlackBerry’s (BBRY) enterprise business performed well in fiscal 1Q18.

Of the 35 analysts covering VMware, 49% have given it “hold” recommendations as of June 6, 2017, and 51% have given it “buy” recommendations.

Earlier in the series, we discussed the market’s expectations for VMware’s (VMW) fiscal 1Q18 results. Now, let’s take a look at where VMware is positioned in the software space.

VMware’s hybrid cloud and software-as-a-service offerings on the back of AirWatch SaaS and vCloud Air Network rose in the double digits year-over-year.

Citrix Systems (CTXS) merged GoTo with LogMeIn (LOGM) in February in a $1.8 billion transaction. In its first quarterly report since the spin-off, CTXS posted 1Q17 EPS of $0.97, topping the consensus estimate of $0.95.

In the virtualization space, VMware faces stiff competition from Microsoft’s Hyper-V, Citrix Systems’ Xen, and Red Hat’s RHEV (Red Hat Enterprise Virtualization).

Amazon (AMZN) recently threw its hat into the workplace collaboration services ring with the launch of Chime, the company’s version of Microsoft’s (MSFT) Skype for Business.

By opening BBM Enterprise SDK to third-party developers, BlackBerry has also unlocked a new revenue stream in its Software and Services segment.

VMware (VMW) parted with $1.3 billion three years ago to acquire Nicira, a software-defined networking company. Now, VMware is beginning to show that it made the right decision.

The sectoral breakdown of SHRAX is unlike any other mutual fund in this review, with healthcare as its biggest holding, commanding 35% of the portfolio.

SaaS and Salesforce are synonymous terms, but in 2Q16, Microsoft overtook Salesforce’s lead in SaaS.

VMware was trading at a forward EV-to-EBITDA multiple of 9.2x on August 29, 2016. This was lower than Microsoft’s and Citrix Systems’ multiples of 10.0x and 11.1x, respectively.

VMware’s leadership in the virtualization space will benefit from rapid growth in the cloud IaaS space.

Citrix was trading at a forward EV-to-EBITDA multiple of ~9.8x on July 27, 2016.

Shareholder activism plays a dominant role in the breakup of companies to unlock shareholder potential.

On completion of the LogMeIn-GoToMeeting merger, Citrix shareholders will get ~27.6 million shares.

The combined conferencing business of LogMeIn and GoToMeeting is expected to bring in $1 billion pro forma revenues in its first year.

The ClearBridge Aggressive Growth Fund’s assets were invested across 78 holdings as of June 2016, when it was managing assets worth $11.4 billion.

VMware’s stock price movement during the past month has been mildly positive. As of April 20, the company’s stock has risen ~0.3%.

Citrix Systems (CTXS) has targeted revenues in the range of $3.31 billion to $3.32 billion for fiscal 2016.

Citrix Systems (CTXS) announced its 4Q15 results last week. Revenues from its product and license segment rose 5% YoY (year-over-year).

VMware in its fiscal 4Q15 earnings release stated that the company was named as a leader in “The Forrester Wave: Hybrid Cloud Management Solutions, Q1 2016.”

Microsoft’s recent acquisitions demonstrate the company’s aims to catch up with Cisco Systems (CSCO) in the UC (unified communications) space.

Though it failed to report revenue growth, IBM’s revenue and EPS of $22.1 billion and $4.84 beat analysts’ expectations by $20 million and $0.03 per share.

On January 19, 2016, IBM will release its fiscal 4Q15 results. In the last 14 consecutive quarters, IBM has not reported any revenue growth. IBM beat Thomson Reuters’s consensus EPS estimate of $3.30 in fiscal 3Q15.

F5 Networks has outperformed its peers based on PBV and PS. ETFs have outperformed F5 Networks based on price movement and PE. However, F5 Networks is way ahead of its ETFs based on PBV.

F5 Networks’ (FFIV) year-to-date price movement has been a mixture of ups and downs in 2015. After the 4Q15 earnings report, FFIV rose 0.87% to close at $121.34 per share on October 28, 2015.

Microsoft announced its 1Q16 results, declaring revenues of $20.4 billion compared to $23.2 billion in 1Q15.

ServiceNow announced its 3Q15 results on October 21 and posted revenues and non-GAAP earnings per share of $261.2 million and $0.15 per share, respectively.

After it beat analysts expectations in earnings, Citrix’s shares rose by more than 8% to ~$77.4. But later that day its shares fell by more than 5%.

IBM’s 2Q15 results marked 13 straight quarters of falling revenue. This trend continued in fiscal 3Q15 when IBM failed to report any revenue growth.

The peers outperformed Progress Software based on the gross profit margin and PBV ratio. Progress Software is ahead of its peers based on the current ratio.

Progress Software has a market cap of $1.29 billion. After the earnings report in 3Q15, it fell by 0.77% and closed at $25.63 per share as of October 1, 2015.

Recently, Global Computer Technology switched from IBM (IBM) Guardium deployment to Imperva SecureSphere to protect its database from potential cyberattacks.

Microsoft Corporation and VMware recently announced their partnership in called venture called Project A2, which aims to speed up the Windows 10 adoption.

Even though F5 Networks is highly volatile, it’s performing better than the S&P 500. It has generated a better return of 0.0005. SPY’s return was 0.0002.

In 4Q15, Autodesk’s subscription business grew 17% to $300 million, beating analysts’ estimates. ADSK’s cloud-based products, Fusion 360 and PLM 360, increased its customer base.

CommVault Systems provides data and information management software focused on mid-range and enterprise-level environments.

In 2014, cloud infrastructure accounted for ~5% of the enterprise IT spending. It’s expected to more than double to reach 11% by 2018.

Recently released enterprise solutions from BlackBerry include BES12, WorkLife, BlackBerry Blend, and Enterprise Identity.

EMC’s core technology division now includes three of the company’s former divisions: enterprise, mid-range systems, and data protection and availability.

Citrix had an annual revenue in 2013 of $2.9 billion. The company sees high competition for its products from companies like VMware and F5 Networks.

Catamaran posted a 58% increase in revenue to $5.4 billion in 2Q14. Net income was up 13% to $71.4 million, or $0.34 per share.

Sabre’s April 2014 initial public offering (IPO) sold for $16 per share and valued Sabre at $3.93 billion. Sabre generated $673 million of net proceeds from the IPO.

Allison Transmission generates net sales primarily from the sale of transmissions, transmission parts, support equipment, defense kits, engineering services, and extended transmission coverage.

The exponential growth in data, coming from varied sources like social, mobile, and cloud is presenting a lot of opportunities. It’s changing the way technology leaders function, which is the reason why they’re focused on non-linear growth, platforms, and analytics initiatives to be competitive.

In July, 2014 EMC announced the VMAX3 TM family. VMAX3 transforms VMAX from an enterprise storage to an open enterprise data service platform. It allows organizations to swiftly shift from on premise infrastructure to an agile data center infrastructure.

VMware leads virtualization infrastructure solutions with around a 60% share of the server virtualization market—the company recently posted 2Q14 results above street estimates with revenue up 17% to $1.46 billion from $1.24 billion in the same quarter last year.

“Big data” analysis requires large data set analysis and the creation of advanced analytic algorithms that are designed to identify insights, patterns, and trends that aren’t understood yet.

Box has built-in functionality across programs such as Microsoft (or MS) Word, MS PowerPoint, MS Excel, Google Spreadsheets, and Google Docs.

The Digital Media segment makes the highest revenue contribution of 64% to Adobe’s overall revenue.