The Sh-trix stock plunged to a 4 year low today with no support level in sight.
The announcement of yet another SEC violation lawsuit may have contributed to the fall.
When the SEC opens up the formal investigation it’s the nail in the Sh-trix coffin.
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there is like 12 law firms looking for plaintiffs to help sue CTXS
must be a strong case based on the misinformation reported about the temporary licenses sold
https://www.faruqilaw.com/investigation/1744/citrix-systems-inc
This is not looking good. Citrix is being investigated for making it look they were doing good during the pandemic. DH was probably thinking I can’t let people know that we are irrelevant during a pandemic!
It was a new litigation by Faruqi and Farquhar LLP
See faruqilaw.com for all the details