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CTXS - CTXS STOCK NEWS

Welcome to our dedicated page for CTXS news (Ticker: CTXS), a resource for investors and traders seeking the latest updates and insights on CTXS stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CTXS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CTXS's position in the market.

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Citrix Systems (NASDAQ: CTXS) has achieved FedRAMP Moderate Status, allowing U.S. government agencies to utilize its digital workspace solutions for secure remote work. This authorization covers Citrix Cloud Government and Citrix DaaS, facilitating easy deployment and management of virtual applications and desktops. Tom Holland, Senior VP at Citrix, emphasized the importance of secure tools for government agencies in a hybrid work environment. The solutions offer flexibility, scalability, and enhanced security through a zero-trust model.

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Relay Robotics, Inc. announces a successful $10 million Series A financing and has acquired Savioke, enhancing its robotic service offerings. Michael O'Donnell has been appointed as Chairman & CEO, with Savioke's co-founder, Steve Cousins, becoming CTO. The Relay robots, deployed at major hotels and healthcare facilities, aim to leverage the growing hospitality market projected to reach $6.7 trillion by 2026. Relay Robotics focuses on integrating AI to address labor shortages in service industries while enhancing operational efficiencies.

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Citrix Systems (NASDAQ: CTXS) has launched Citrix Desktop as a Service (DaaS) in the Azure Marketplace, aiming to enhance IT efficiency and remote work capabilities. This collaboration with Microsoft allows businesses to provide secure access to Windows and Linux applications on any device. Key benefits include $1 million savings on legacy IT costs, 153% ROI, and an expected cost reduction of 50-70% over three years. Citrix DaaS modernizes IT with features such as HDX technology and integrated analytics, optimizing performance and security while simplifying management processes.

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Citrix Systems, Inc. (CTXS) announced that its stockholders approved the acquisition by Vista Equity Partners and Evergreen Coast Capital at a special meeting. Shareholders will receive $104.00 in cash per share. The transaction is anticipated to close in mid-2022, pending regulatory approvals. Once completed, Citrix will be delisted from Nasdaq and become a private entity. The final voting results will be filed in a Form 8-K with the SEC.

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Citrix Systems, Inc. (NASDAQ: CTXS) has announced new deployment options for its Desktop as a Service (DaaS) solution, now available in hybrid cloud and hyperscaler-specific formats. This innovation addresses the rising demand for secure hybrid workspaces, with a global survey indicating 75% of IT leaders view DaaS as crucial for their organizations. Citrix DaaS enhances user experience, productivity, and security while reducing costs. The offering includes Hybrid DaaS for managing on-prem and cloud environments and DaaS for Hyperscalers for rapid public cloud deployments.

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Citrix Systems (NASDAQ: CTXS) released findings from a Pulse survey highlighting the pivotal role of Desktop as a Service (DaaS) in enabling secure hybrid work. Nearly 75% of IT and security leaders view DaaS as essential, with over 50% planning to implement it within the next year. The survey indicated that 58.66% of respondents will adopt DaaS solutions in the coming 18 months, and 81.33% plan to increase investments. Top benefits expected include increased security (41%), cost savings (39.67%), and improved IT efficiency (13.33%).

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Citrix Systems (NASDAQ:CTXS) has launched Citrix Secure Private Access, a cloud-delivered, Zero Trust Network Access solution that safeguards access to applications and data on various devices. This innovative approach enhances security for employees working remotely or using personal devices, facilitating a secure hybrid work environment. By providing adaptive authentication and support for Bring-Your-Own (BYO) programs, the solution aims to improve user experience and simplify IT management, addressing the evolving needs of modern workplaces.

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Citrix Systems, Inc. (NASDAQ: CTXS) has been recognized as a leader in enabling secure hybrid work as companies transition to cloud and distributed IT models. The company's digital workspace platform, Citrix Workspace™, is acknowledged among the Top 100 solutions for facilitating hybrid environments. Citrix holds a 35.6% market share in virtual client computing software, solidifying its position as the largest player in the sector. Additionally, Citrix Virtual Apps and Desktops™ has received accolades from G2 as a top solution in the market for desktop as a service.

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Citrix Systems (NASDAQ: CTXS) partnered with Alstom to implement digital workspace solutions, enabling 1,000 CAD engineers to work from home effectively during the COVID-19 pandemic. This transition allowed Alstom to avoid high costs associated with downtime, estimated at €800 per day per engineer. Using Citrix Virtual Apps and Desktops and Citrix ADC, Alstom enhanced its remote working capabilities, ensuring security, reliability, and scalability. The successful implementation underscores Citrix's role in empowering secure, distributed work environments.

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Wrike, a Citrix company, announced at SXSW that it has empowered the Texas Rangers to enhance their fan engagement through its work management platform. The Rangers successfully executed key marketing campaigns like branding Globe Life Field and a 50th Anniversary celebration by streamlining workflows in one digital workspace. The Wrike platform enables real-time visibility and efficient project management, allowing teams to focus on creative tasks. Notably, the 'Stay Strong' campaign during the pandemic kept fans connected despite disruptions in the baseball season.

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