Citrix Systems (CTXS) Analyst Day Takeaways - Needham & Company

Needham & Company analyst, Scott Zeller, maintained his Buy rating and $96 PT on Citrix Systems (NASDAQ: CTXS) following the company's analyst day. There were few surprises but it was a good opportunity for the new CEO, Kirill Tatarinov, to meet the analyst community.

The three big takeaways:

1) restructuring continues, through CY16 at least

2) MSFT is becoming a closer partner

3) CTXS appears to want to more directly engage with FFIV in networking

For an analyst ratings summary and ratings history on Citrix Systems click here. For more ratings news on Citrix Systems click here.

Shares of Citrix Systems closed at $85.89 yesterday.

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