NEW YORK, Nov. 22, 2021 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Citrix Systems, Inc. (“Citrix” or the “Company”) (NASDAQ:CTXS). Such investors are advised to contact Robert S. Willoughby at or 888-476-6529, ext. 7980.

The investigation concerns whether Citrix and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On April 29, 2021, Citrix announced lower than expected license conversions of the shorter duration, on-premise licenses that Citrix began offering during the COVID-19 pandemic in response to the shift to remote work (the “Business Continuity Licenses”). Specifically, the Company explained that the Business Continuity Licenses did not transition to long-term cloud contracts as expected. Instead, many customers “rolled to another short-term” on-premise license, citing…

Source link

Leave a Reply