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Citrix Systems (CTXS) Announces Partnership With Microsoft

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Citrix Systems Inc. (CTXS - Free Report) teamed up with Microsoft to develop a solution to provide a high-definition, interactive experience across a broad range of devices.

The new solution will integrate Citrix Systems’ high-definition user experience technology and ecosystem flexibility with Windows 365, enabling IT administrators to deliver an enhanced work experience on Cloud PCs.

With the rapid adoption of hybrid work innovation, employees require a simplified desktop experience that allows them to function at their best from anywhere. The new solution will enable employees to switch to Citrix Systems' clients through windows365.microsoft.com without any friction. Citrix Systems and Microsoft can provide their users with easy access to apps and data.

The new solution will boost voice and video performance for multimedia applications. It will also enhance security and protect corporate data by implementing stringent policy controls.

Citrix Systems and Microsoft have worked together for more than three decades to help organizations accelerate their digital transitions, fuel new ways of working and improve customer experience. Citrix Systems is currently on the list of Windows 365-approved partners.

On 26 Apr, 2022, Citrix Systems announced the roll-out of Citrix Desktop as a Service in the Microsoft Azure Marketplace, which caters to the needs of distributed workers by providing an easy way to purchase and install apps to any device remotely. This bodes well with the mission to simplify hybrid work.

Citrix Systems is a leading provider of virtualization, networking and cloud-computing solutions to more than 400,000 organizations worldwide.

Citrix Systems offers secure digital workspace technologies, which are cloud-based and can be managed across both hybrid and multi-cloud infrastructures. The cloud-based approach enables customers to avail of centralized control and SaaS-style updates in a cost-effective manner and reduce complexity.

Key Picks:

Citrix Systems currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks from the broader technology space are InterDigital (IDCC - Free Report) , Vishay Intertechnology (VSH - Free Report) and Pure Storage (PSTG - Free Report) . InterDigital and Vishay Intertechnology currently sport a Zacks Ranks #1 (Strong Buy), whereas Pure Storage  carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for InterDigital’s 2022 earnings is pegged at $3.28 per share, increasing 5.2% in the past 60 days. The long-term earnings growth rate is anticipated to be 15%.

InterDigital’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 141.13%. Shares of IDCC have declined 15.6% in the past year.

The Zacks Consensus Estimate for Vishay Intertechnology’s 2022 earnings is pegged at $2.68 per share, rising 10.3% in the past 60 days. The long-term earnings growth rate is anticipated to be 22.7%.

Vishay Intertechnology’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 4.96%. Shares of VSH have declined 16.9% in the past year.

The Zacks Consensus Estimate for Pure Storage’s fiscal 2023 earnings is pegged at 86 cents per share, unchanged in the past 60 days. The long-term earnings growth rate is anticipated to be 30.9%.

Pure Storage’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 99.2%. Shares of PSTG have gained 39.4% in the past year.