Citrix Systems Inc
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Information Technology : Software | Mid Cap Blend
Company profile

Citrix Systems, Inc. offers Enterprise and Service Provider products, which include Workspace Services solutions and Delivery Networking products. The Company's Enterprise and Service Provider products include Cloud Services solutions, and related license updates and maintenance, support and professional services. The Company's NetScaler nCore Technology is an architecture that enables execution of multiple packet engines in parallel. The Company's workspace services include Application Virtualization and virtual desktop infrastructure (VDI), Enterprise Mobility Management and Citrix Workspace Suite. The Company's NetScaler ADC is a software-defined application delivery controller (ADC) and load balancer. The Company's Cloud Services include ShareFile and Citrix Cloud. It provides various ways for customers to receive upgrades, support and maintenance for products, which include Software Maintenance, Subscription Advantage, Technical Support Services and Hardware Maintenance.


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Dow's profit falls in line with expectations, sales beat

6:35 am ET April 30, 2020 (MarketWatch)

Shares of Dow Inc. (DOW) slipped 0.2% in premarket trading Thursday, after the materials science company matched profit expectations but topped sales forecasts, and said it was taking further measures to strengthen its financial position amid the COVID-19 pandemic. Net income rose to $258 million, or 32 cents a share, from $208 million, or 24 cents a share, in the year-ago period. Excluding special items, adjusted EPS fell to 59 cents from 98 cents but matched the FactSet consensus. Sales fell 11.3% to $9.77 billion, amid lower local prices due to a decline in energy prices, but topped expectations of $9.71 billion. Volume fell 2%, as growth in demand for food, health and hygiene packaging; surfactants and solvents for cleaning; and coatings was more than offset by declines in polyurethanes and silicones. Dow said it was beginning to see indications of recovery from COVID-19 in China. The company is further reducing its capital expenditure target to $1.25 billion, below the 2019 target of $2.0 billion, and trimming operating expenses by $350 million. The company is idling some manufacturing units. The stock has dropped 22.7% over the past three months through Wednesday, while the Dow Jones Industrial Average has declined 14.6%.

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

April 30, 2020 06:35 ET (10:35 GMT)

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