Citrix Systems Inc
Citrix Acquires Wrike, Makes Sense Amid Distributed Work Culture
Inside Cisco’s $57 Million Australia Investment Plan
Cisco Systems (CSCO) recently disclosed plans to invest as much as $57 million in its Australia operations.
eBay Chooses Peace with Elliott—for Now
This month, eBay (EBAY) announced some form of settlement with activist investors Elliott Management and Starboard Value.
A Look at Citrix Systems’ 2018 and Beyond
Citrix Systems’ (CTXS) revenue fell at a four-year CAGR (compound annual growth rate) of 1% to $2.8 billion in 2017.
BlackBerry’s Optimism about Enterprise Software and Services
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.
What’s Driving Deferred Revenue Growth for Nutanix?
Nutanix has sustained strong growth in deferred revenue driven by growing contract wins and a strong product portfolio.
How More Research and Development Could Help VMware
VMware (VMW) considers it extremely important to upgrade its product portfolio by investing in R&D (research and development) on a regular basis.
Does VMware’s Valuation Look Attractive?
On September 5, VMware (VMW) was trading at a forward price-to-free-cash-flow multiple of ~16.5x.
AMD’s New Radeon Pro V340 Server GPU Raises Investor Optimism
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 Stock Is Showing Strong Growth Momentum
VMware (VMW) has risen 6.5% in the last month, whereas in the last year, the stock has risen 61.8%.
Can VMware Sustain Its Margin Growth?
In the last five years, VMW’s operating income grew at a CAGR (compound annual growth rate) of 9.0%.
Factors Influencing Free Cash Flow Growth for VMware
VMW exited fiscal 2018 with free cash flow of ~$2.9 billion against $2.2 billion in fiscal 2017.
VMware’s Share Buyback Program
As part of VMware’s (VMW) share repurchase program, the company has bought back ~$5.4 billion in shares in the last five years.
Higher Contract Wins Driving Unearned Revenue Growth for VMware
In the last five years, the VMware’s unearned revenues have grown at a CAGR (compound annual growth rate) of 6.9%.
Comparing VMware’s Valuations with Its Peers
On May 22, VMware’s (VMW) market capitalization stood at $55.4 billion.
How a Strong Product Portfolio Drives VMware’s Business
In the last five quarters, VMware’s revenues grew at a CAGR (compound annual growth rate) of 3.2%.
What’s Driving Nutanix’s Business?
Leading enterprise cloud computing solution provider Nutanix (NTNX) continues to gain from the growing popularity of cloud computing.
Nutanix Transforming to Software-based Business Model
Leading enterprise solution provider Nutanix (NTNX) is gradually shifting to software-centric business by slowly eliminating its hardware business.
A Look at Tableau Software’s Stock Buyback Program
Tableau Software exited fiscal 2017 with $165.0 million in free cash flow, up 42.0% year-over-year.
Autodesk Continues to Bolster Share Repurchases
In order to enhance shareholder wealth, Autodesk (ADSK) continues to buy back shares on a regular basis.
Tax Reform to Boost Teradata’s Free Cash Flow
Teradata (TDC) exited fiscal 2017 with $237.0 million in free cash flow compared to $328.0 million generated in fiscal 2016.
Take-Two Continues Share Repurchases
In a bid to enhance shareholder wealth, Take-Two Interactive Software (TTWO) continues to buy back shares.
How BlackBerry Is Trading Compared to Moving Averages
BlackBerry (BB) has returned 79% in the trailing 12 months, 11.1% in the last month, and 2.4% in the trailing five days.
Can Cadence Achieve Its 2018 Margin Target?
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.
A Look at Citrix’s Share Buyback Program
Citrix Systems (CTXS) ended fiscal 2017 with a share repurchase of nearly $1.2 billion.
Citrix’s NetScaler Driving Networking Business
Gartner expects global IT expenditures to increase 3.5% to ~$3.6 trillion in 2018.
Citrix’s Americas Region: A Key Revenue Generator
In 2017, Citrix (CTXS) reported $2.8 billion in revenues. It expects its 2018 revenues to be $2.86 billion–$2.88 billion.
Growing Demand of Cloud to Drive Citrix’s Content Business
In 4Q17, Citrix’s Content Collaboration business grew nearly 23.0% year-over-year to $45.6 million.
How VMware’s End-User Computing Has Been Performing
VMware’s (VMW) EUC license bookings grew 40% on a YoY (year-over-year) basis in fiscal 3Q18.
What’s Red Hat’s Value Proposition in the US Software Space?
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.
How Wall Street Analysts View VMware Stock after Fiscal 2Q18
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.
A Quick Survey of Snap’s Financial Metrics
Of the 36 analysts covering Snap, 11 gave it a “buy” recommendation, seven recommended a “sell,” and 18 recommended a “hold.”
Comparing Symantec’s Valuation
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 […]
Why BBRY Is Optimistic about Unified Endpoint Management Platform
BlackBerry’s (BBRY) enterprise business performed well in fiscal 1Q18.
Why Most Analysts Gave ‘Buy’ Ratings to VMware Stock
Of the 35 analysts covering VMware, 49% have given it “hold” recommendations as of June 6, 2017, and 51% have given it “buy” recommendations.
What’s VMware’s Value Proposition in the US Software Space?
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.
How Have VMware’s Hybrid Cloud and SaaS Performed?
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.
Could Citrix Sell Itself after Its $1.8 Billion Spin-Off of GoTo?
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.
What Are Analysts’ Recommendations on VMware Stock?
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 Enters the Workplace Collaboration Space with Chime
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.
How BBM Enterprise Could Impact BlackBerry’s Software Business
By opening BBM Enterprise SDK to third-party developers, BlackBerry has also unlocked a new revenue stream in its Software and Services segment.
How VMWare’s $1.3 Billion Nicira Acquisition Is Helping It
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.
Inside the ClearBridge Aggressive Growth Fund Portfolio
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.
Microsoft Claims Salesforce Leadership Position in the SaaS Space
SaaS and Salesforce are synonymous terms, but in 2Q16, Microsoft overtook Salesforce’s lead in SaaS.
What Is VMware’s Value Proposition in the US Software Space?
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 Sets Sights on Virtualization Infrastructure Space
VMware’s leadership in the virtualization space will benefit from rapid growth in the cloud IaaS space.
Analyzing Citrix Systems’ Value Proposition in the Software Space
Citrix was trading at a forward EV-to-EBITDA multiple of ~9.8x on July 27, 2016.
Citrix Is the Latest to Yield to Shareholder Activism
Shareholder activism plays a dominant role in the breakup of companies to unlock shareholder potential.
How Will Shareholders Gain from the LogMeIn-GoToMeeting Merger?
On completion of the LogMeIn-GoToMeeting merger, Citrix shareholders will get ~27.6 million shares.
Citrix’s GoToMeeting Is Now a Part of LogMeIn
The combined conferencing business of LogMeIn and GoToMeeting is expected to bring in $1 billion pro forma revenues in its first year.
Inside the Portfolio Changes in the ClearBridge Aggressive Growth Fund so Far in 2016
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.
What Do Analysts Recommend for VMware’s Stock after 1Q16 Earnings?
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%.
Looking Ahead: Citrix’s Financial Outlook for 2016
Citrix Systems (CTXS) has targeted revenues in the range of $3.31 billion to $3.32 billion for fiscal 2016.
Citrix’s Software-As-A-Service Segment Grows Substantially
Citrix Systems (CTXS) announced its 4Q15 results last week. Revenues from its product and license segment rose 5% YoY (year-over-year).
Forrester Named VMW a Leader in Hybrid Cloud Management
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 Is Keen on Moving up in Unified Communications Space
Microsoft’s recent acquisitions demonstrate the company’s aims to catch up with Cisco Systems (CSCO) in the UC (unified communications) space.
IBM Continued Its No-Revenue Growth Trend in 4Q15
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.
IBM Unlikely to Disrupt Its Revenue Degrowth Trend in 4Q15
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.
How Does F5 Networks Compare to Its Peers?
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 Revenue and Income Rose in 4Q15 and Fiscal 2015
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 Surges on Impressive 1Q16 Results
Microsoft announced its 1Q16 results, declaring revenues of $20.4 billion compared to $23.2 billion in 1Q15.
How ServiceNow’s 3Q15 Results Beat Analyst Expectations
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.
Why Citrix’s Shares Fell despite Its 3Q15 Earnings
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 Continues Its Falling Revenue Trend in 3Q15
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.
How Does Progress Software Compare to Its Peers?
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: Organic Growth Boost the Revenue
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.
Why Global Computer Technology Switched to Imperva SecureSphere
Recently, Global Computer Technology switched from IBM (IBM) Guardium deployment to Imperva SecureSphere to protect its database from potential cyberattacks.
Microsoft Teams with VMware to Push the Windows 10 Adoption
Microsoft Corporation and VMware recently announced their partnership in called venture called Project A2, which aims to speed up the Windows 10 adoption.
F5 Networks Outperformed the SPDR S&P 500
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.
What Does Autodesk’s High Price-to-Earnings Ratio Mean in 2015?
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.
Blue Harbour Sells Its Position in CommVault Systems
CommVault Systems provides data and information management software focused on mid-range and enterprise-level environments.
Microsoft is poised to benefit from cloud infrastructure growth
In 2014, cloud infrastructure accounted for ~5% of the enterprise IT spending. It’s expected to more than double to reach 11% by 2018.
BlackBerry releases several new enterprise solutions
Recently released enterprise solutions from BlackBerry include BES12, WorkLife, BlackBerry Blend, and Enterprise Identity.
EMC’s divisions after company reorganization
EMC’s core technology division now includes three of the company’s former divisions: enterprise, mid-range systems, and data protection and availability.
Why Maverick Capital liquidated position in Citrix Systems
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.
Why Maverick Capital eliminated position in Catamaran
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.
Maverick Capital establishes position in Sabre Corporation
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.
Lee Ainslie’s Maverick Capital opens new position in Allison Transmission
Allison Transmission generates net sales primarily from the sale of transmissions, transmission parts, support equipment, defense kits, engineering services, and extended transmission coverage.
Why the increase in mobility and cloud computing impacts Symantec
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.
EMC invests in software-defined storage and elastic cloud storage
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.
Must-know: Why VMware sees competition from Microsoft
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.
Why “big data” and “virtualization” go hand in hand?
“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.
Must-know: A brief overview of Box Inc.
Box has built-in functionality across programs such as Microsoft (or MS) Word, MS PowerPoint, MS Excel, Google Spreadsheets, and Google Docs.
Adobe looks to boost Acrobat business through EchoSign adoption
The Digital Media segment makes the highest revenue contribution of 64% to Adobe’s overall revenue.