SAN DIEGO, November 23, 2021–(BUSINESS WIRE)–Shareholder rights law firm Robbins LLP informs investors that a class action was filed on behalf of all persons and entities that purchased Citrix Systems, Inc. (NASDAQ: CTXS) securities between January 22, 2020 and October 6, 2021. The complaint alleges violations of the Securities Exchange Act of 1934. Citrix is a software company that provides users with secure remote access to computer networks.

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Citrix Systems, Inc. (CTXS) Misled Investors Regarding Subscriber Interest in its Cloud-Based Service

According to the complaint, in 2019, Citrix announced it would be shifting from a perpetual license model to a subscription license payment model, as well as transitioning from a software solution previously provided on-premises to a cloud-based service. During the class period, the Company claimed that the transition to a cloud-based product and to a…

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