It’s simple to peer why Elliott Control were given concerned about Citrix once more. In all probability the second one time would be the actual appeal.

The activist funding company first came into Citrix in mid-2015, when the tool maker’s gross sales started slowing sharply and the inventory have been mired within the $50 vary for no less than two years. The stocks had been across the $150 mark when Elliott made its go out remaining spring, helped through the similar work-from-home bump that fueled shares like Zoom Video originally of the pandemic. Citrix gives some services and products that lend a hand companies allow far flung operating for his or her workers, and 2020 produced the most efficient income expansion the corporate had observed in seven years.

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