Citrix (CTXS) Digital Workspace Solutions Adopted by Alstom

Citrix Systems CTXS digital workspace solutions continue to witness strong momentum amid pandemic-induced remote and hybrid work innovation.

Recently, Citrix announced that France-based Alstom deployed the company’s digital workspace solutions (Citrix Virtual Apps and Desktops and Citrix ADC) to provide safe and secure access to the apps and information required by Alstom engineers to complete work from anywhere and anytime.

With the help of Citrix workspace solutions, Alstom was able to extend the access of its essential 3D CAD software to its engineers without compromising on the flexibility and the speed, noted Citrix. Alstom’s in-house CAD solution  requires strong graphics workstations and a low-latency local network to deliver optimum results.

Citrix’s workspace solutions and cloud services were utilized by Markerstudy and União Brasileira de Educação Católica (“UBEC”). The company has more than 400,000-strong clientele base that leverages its wide-ranging digital workspace and security solutions.

Apart from Citrix ADC and Virtual Apps and Desktop solution, Citrix portfolio also includes solutions like Citrix SD-WAN, Citrix Endpoint Management and Citrix Secure Workplace Access.

Citrix also announced that Citrix ADC version 12.1 achieved Common Criteria Certification. The company noted that the accreditation would make it easier for procurement professionals, especially in the public sector, to purchase the Citrix ADC solution quickly and in alignment with the policies to boost hybrid work adoption.

Citrix Systems, Inc. Price and Consensus

Citrix Systems, Inc. price-consensus-chart | Citrix Systems, Inc. Quote

Citrix delivered revenues of $851 million, up 5% on a year-over-year basis in the last reported quarter. In January 2022, the company’s management also announced that affiliates of Vista Equity Partners and Elliott Investment Management L.P are set to acquire the company (including all debt) in an all-cash deal worth $16.5 billion. Citrix is likely to be combined with one of Vista’s portfolio companies — TIBCO Software.

The transaction, approved by the Citrix board of directors, is expected to close by the mid of 2022, subject to regulatory and customary closing conditions. Post the takeover, Citrix will become a private company but will hold on to its brand name and retain headquarters at Fort Lauderdale, FL.

Citrix currently has a Zacks Rank #2 (Buy). Shares of CTXS have lost 26.2% against the industry’s rise of 17.5% in the past year.

Stocks to Consider

Some better-ranked stocks worth considering from the broader technology sector are Broadcom AVGO, Apple AAPL and Texas Instruments TXN. All stocks carry a Zacks Rank of 2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Broadcom’s fiscal 2022 earnings is pegged at $35.49 per share. The long-term earnings growth rate of AVGO is pegged at 14.5%.

Broadcom’s earnings beat the Zacks Consensus Estimate in all the preceding four quarters, the average being 1.9%. Shares of AVGO have increased 29.9% in the past year.

The Zacks Consensus Estimate for Apple’s fiscal 2022 earnings is pegged at $6.16 per share. The long-term earnings growth rate is pegged at 12.5%.

Apple’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average being 20.3%. Shares of AAPL have rallied 43.6% in the past year.

The Zacks Consensus Estimate for Texas Instruments’ 2022 earnings is pegged at $9.09 per share. The long-term earnings growth rate is 9.3%.

Texas Instruments’ earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average being 12.4%. Shares of TXN are down 2.1% in the past year.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.