Lay-offs are inevitable with the stock in freefall with no support level in sight.
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Stock hit a 12 month low during the intra-day trading at $90.98 which would put it on the negative side of the yield curve. This is a sure sign the stock is about to have a major crash and lower correction.
The MACD is also on a negative slope which means this is a dumpster fire stock.
Hope you all got out while you still can.
Layoffs are the only option possible for the ELT to save the company.
Looks like Citrix is smart and beefing up job reqs online and in the meantime laying off a small number of people globally in increments. This avoids any market news....Well done!
When will company realizer they need to make changes in order to grow? Legacy workers will not help with overall company growth...
Stocks back at $92.30, layoffs are cancelled for now ...
Fell even further to $91.22 with no support target in sight . A massive layoff is for sure in September.
I am not suprised about the current share price.
While Elliott group has tried to find a buyer....the Directors at Citrix have built empires around them so if the time comes they can clean out the teams around them instead of getting cleaned out.
Elliot Group should do another review of the company like they did last time, we are back to how it was before with a lot of dead meat and strange roles and positions and fake Director roles all across. They got very soft after they joined the board and allowed this none organic growth.
Mr SAP is panicing and pushes more and more mandatory administrative work to the sales reps etc thinking this will accelerate sales instead of customer facing activities.
Furthermore if I was part of an investment company I would travel to the Geos and talk to individual contributors, there is so much good information of how to optimize the company and still increase profit that I truly believe is missed out.
CTXS at $91.40
Stock keeps falling even though the market has recovered. Massive Citrix unemployment coming soon...
CTXS ended at $91.61 even thought the broader market made a 300 point recovery.
Clearly investors are using the US-China trade tar as an excuse to dump Citrix stock.
Can a massive layoff be far behind?
CTXS ended $92.03 at market close. Major layoffs are in the works.
Down 14% YTD with no end in sight... and the stock is still overvalued.