Citrix Systems

CEO: David Henshall

Dec. 30, 2016: $89.31

June 30, 2017: $79.58

Change: -10.89%

On Feb. 1 Citrix completed the spin-off of its GoTo business, which was merged with LogMeIn in a transaction valued at $1.8 billion. Under the deal announced in July 2016, Citrix shareholders received 0.1718 shares of LogMeIn stock for each share of Citrix common stock they owned as of Jan. 20.

For its first quarter ended March 31, Citrix reported revenue from continuing operations of $662.7 million, up 1 percent from $658.8 million in last year's first quarter. But net income from continuing operations was $70.3 million, down 4 percent from $73.3 million one year before. Bottom-line net income for the quarter, after a loss from discontinued operations, was $27.6 million

On July 10, after the period covered in this analysis, Citrix announced that Kirill Tatarinov was out as president and CEO, a job he had held since January 2016. No reason for his departure was given other than it was by mutual agreement between Tatarinov and the company's board. CFO and chief operating officer David Henshall was named the company's new president and CEO.