The market has given up on Sh-trix and the stock is in free fall.
How low will it fall is anybody’s guess.
Incompetent management got them there.
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https://www.prnewswire.com/news-releases/shareholder-alert-bernstein-litowitz-berger--grossmann-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-citrix-systems-inc-301429410.html
It's not just incompetent management; it's much worst than that. It was intentional misrepresentation of facts for the sole purpose of profiteering off false information by primarily the board of directors and executive team.
There needs to be an SEC Insider Trading investigation.
Over the years i have seen CTXS go from IPO, break $100+ And then back down to $5. This last run was great and changed many lives indeed. But there’s no reason it can’t be back $5 again. I don’t see any of the advantages citrix had in that previous revival exist today.
What's there to buy you fo-l.
What does Citrix have now?
A few patents and almost 0 intellectual property left.
Only a cr-zy person would buy Citrix stocks or someone that hasn't done their due diligence.
Everyone knows the current problem is due to bad management, not bad CFO or CEO. Yes, they hired some of the exec fools and allowed them to dominate and provide micro aggression, and HR stood by (btw HR boss should get canned) and do nothing. So from that perspective they are to be blamed too.
And before someone tells me that HR is not for the employees it is for the managers, I beg to differ. HR is for the company, have they protected the company from crazy managers and policy's, have they acted accordingly to employee surveys? -> NO!!! So they have a huge responsibility as well and they should sack 90% of current HR managers. They have not ensures the core values was respected.
Current state is not a surprise, look at the trend for the last three employee surveys..
So, what's really there to bet on??
Would you personally with your own money buy a Citrix stock? Knowing what you know?
Once you lose credibility in the market, it is not easy. Remember Yahoo!?
Citrix unfortunately has also lost credibility with its own employee too. Mismanagement and ill-leadsership has a bigger price that you realize. Remember Nokia?
There are still your human former colleagues that hope the company can turn it around.
Yeah, they are eagerly hoping for it, for the unvested stock that got nullified when they were laid off.
Looks like incompetent HR is replying to people’s posts and giving BS advice on investor sentiment. HR go fix your sh-t before calling people id--t which you clearly are.
Damn HR hooligans
You're an id--t. I get people are rightly upset about the layoffs, but don't sit there making up garbage. There are still your human former colleagues that hope the company can turn it around.
What investor is going to get excited about layoffs that happened a day or two earlier and buy a bunch of stock? The layoffs happen, then investors watch to see if the company is now trending upwards and showing progress. If the next earnings report shows the company is trending in the right direction, THEN they'll be buying the stock.