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.

Premarket

Last Trade
Delayed
$137.14
0.7829 (0.57%)
Bid
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Market Hours

Closing Price
$136.36
Day's Change
0.00 (0.00%)
Bid close
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Ask close
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B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
4,636

10-day average volume:
1,164,498
4,636

UPDATE: Amazon looks to open 1,500 small warehouses in U.S. suburbs: report

9:17 pm ET September 16, 2020 (MarketWatch)
Print

By Lisa Fickenscher

E-commerce giant ramping up its delivery capabilities

Amazon.com Inc. aims to open as many as 1,500 small warehouses across the U.S. -- many of them in suburban locations -- as it raises the stakes in its battle against Walmart, according to report.

The Seattle-based retail giant, which was caught flat-footed during the pandemic when it couldn't keep up with demand for basic items like toilet paper and milk, is ramping up its delivery capabilities with more hubs in cities and suburbs, according to a Bloomberg report (https://www.bloomberg.com/news/videos/2020-09-16/amazon-plans-suburban-warehouses-video?sref=Oeyjq8by).

Amazon (AMZN) chief executive Jeff Bezos is investing billions in these new warehouses and in improving the company's transportation capabilities, Bloomberg said.

As demand for online goods surged in the early days of the pandemic, Amazon struggled fulfill its two-day delivery promise to Prime members. But it has since hired 175,000 workers who have gotten the company back on track.

Walmart (WMT) and Target (TGT) have also upped their game with same-day delivery via their vast network of stores, with Walmart recently launching Walmart Plus, its answer to Amazon Prime. Walmart Plus costs $21 less than Amazon's $119 yearly subscription price, but requires a $35 purchase minimum for free delivery.

While Amazon looks to pad its real estate portfolio, it's not interested in abandoned department store space, according to the report.

Struggling department stores that are closing sites, including JCPenney, are an "option of last resort" for the Seattle-based giant, according to the report, which cited anonymous sources.

In the New York metro area, Amazon bought two former Fairway Market stores in New Jersey, but it's unclear what those spaces will be used for as Amazon did not disclose that information in court filings in the Fairway bankruptcy case.

This report originally appeared on NYPost.com (https://nypost.com/2020/09/16/amazon-plans-to-open-1500-warehouses-in-us-suburbs/?mod=mktw).

-; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 16, 2020 21:17 ET (01:17 GMT)

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