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Stock Market & Financial Investment News

News Breaks
January 30, 2014
06:10 EDTCTXSCitrix downgraded to Hold from Buy at Needham
Needham downgraded Citrix Systems citing the company's weak outlook and lack of growth in its desktop business. Note shares were also downgraded this morning at Citigroup.
News For CTXS From The Last 14 Days
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March 25, 2015
10:31 EDTCTXSUBS software analyst to hold an analyst/industry conference call
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March 17, 2015
14:55 EDTCTXSVMware to face more competitive process for DOD contract, says Stifel
After government websites indicated that Citrix (CTXS), Amazon (AMZN) and others succeeded in getting the DoD to reconsider its awarding of a $1.6B, five-year contract to VMware (VMW), Stifel said it doesn't think VMware has necessarily lost the opportunity, but that the company will now likely face a more competitive bidding process to win the deal. The firm view this example as supporting its concerns that VMware's steps to become a more strategic vendor have the potential to be as much of a threat as an opportunity and Stifel maintains its Hold rating on the stock.
14:43 EDTCTXSVMware award from DISA canceled after protest, siliconANGLE reports
On March 12, the Defense Information Security Agency, or DISA, reversed a decision to award VMware (VMW) with a $1.6B contract following protests by Amazon Web Services (AMZN), Citrix Systems (CTXS), and others, reported siliconANGLE. A government posting noted that "Amendment 0002 is issued to cancel the request for proposal to further analyze the government's needs." Reference Link

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