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Baron Funds Comments on Citrix

August 24, 2012 | About:
Holly LaFon

Holly LaFon

248 followers
From Baron Funds' second quarter commentary:

Citrix Systems, Inc. (CTXS) designs, develops, and markets technology solutions to deliver IT services on-demand. CTXS's shares were up 6.4% in the quarter as Virtual Desktop penetration into the enterprise showed strength with over 100 customers at $10,000 and seats deployments. In addition, CTXS Networking (NetScaler) and Cloud Offerings (GoTo services and additional services such as ShareFile) continue to lead the market and gain share.We continue to be optimistic about CTXS's multiple avenues of growth, its strong financial position and solid free cash flow generation. (Gilad Shany)

Rating: 2.7/5 (3 votes)

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