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Press release content from Business Wire. The AP news staff was not involved in its creation.
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Press release content from Business Wire. The AP news staff was not involved in its creation.

CITRIX ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Citrix Systems, Inc. and Encourages Investors to Contact the Firm

November 23, 2021 GMT

NEW YORK--(BUSINESS WIRE)--Nov 22, 2021--

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Citrix Systems, Inc. (“Citrix” or the “Company”) (NASDAQ: CTXS) in the United States District Court for the Southern District of Florida on behalf of all persons and entities who purchased or otherwise acquired Citrix securities between January 22, 2020 and October 6, 2021, both dates included, (the “Class Period”). Investors have until January 18, 2022 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

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On July 29, 2021, the Company disclosed that its transition to cloud-based services had not been as successful as the Company had led investors to believe, citing to “the need to evolve our sales strategy to deliver more predictable results” as well as a major restructuring of its sales leadership in order to “enhance [its] focus on” cloud migration.

On this news, shares of Citrix fell 13.6%, from $114.55 per share to $99.00 per share.

Then, on October 6, 2021, post-market, the Company disclosed that its President and Chief Executive Officer (“CEO”) had stepped down.

On this news, shares of Citrix fell 7.2% over the next two days, from $105.96 per share to $98.32 per share.

If you purchased or otherwise acquired Citrix shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra Raymond by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

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Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211122006710/en/

CONTACT: Bragar Eagel & Squire, P.C.

Brandon Walker, Esq.

Alexandra B. Raymond, Esq.

(212) 355-4648

investigations@bespc.com

www.bespc.com

KEYWORD: CALIFORNIA NEW YORK FLORIDA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Bragar Eagel & Squire, P.C.

Copyright Business Wire 2021.

PUB: 11/22/2021 10:00 PM/DISC: 11/22/2021 10:02 PM

http://www.businesswire.com/news/home/20211122006710/en