Bragar Eagel & Squire, PC reminds investors
NEW YORK, December 04, 2021 (GLOBE NEWSWIRE) – Bragar Eagel & Squire, PC, a nationally recognized law firm, reminds investors 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 inclusive, (the “Recourse Period”). Investors have until January 18, 2022 to apply to the court to be named lead plaintiffs in the lawsuit.
Click here to join the action.
On July 29, 2021, the company revealed that its transition to cloud-based services had not been as successful as the company had led investors to believe, citing “the need to evolve our sales strategy to get more predictable results “as well as a major restructuring of its commercial leadership in order to” strengthen [its] focus on “cloud migration.
On this news, Citrix shares fell 13.6%, from $ 114.55 per share to $ 99.00 per share.
Then, on October 6, 2021, after marketing, the Company announced that its President and Chief Executive Officer (“CEO”) had resigned.
On this news, Citrix shares fell 7.2% over the next two days, from $ 105.96 per share to $ 98.32 per share.
If you have purchased or acquired Citrix shares and suffered a loss, are a long-time shareholder, have information, want to know more about these claims or have questions regarding this announcement or your rights or interests in these claims. questions, please contact Brandon Walker or Alexandra Raymond by email at [email protected], by phone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation for you.
About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York City, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. For more information about the company, please visit www.bespc.com. Lawyer advertising. Past results do not guarantee similar results.
Bragar Eagel & Squire, PC
Brandon Walker, Esq.
Alexandra B. Raymond, Esq.