Tech Company Stocks In Q1: Who Gained? Who Lost?

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Citrix Systems

CEO: Kirill Tatarinov

Dec. 30, 2016: $89.31

March 31, 2017: $83.39

Change: -6.63%

On Feb. 1 Citrix completed the spin-off of its GoTo business, which was merged with LogMeIn in a transaction valued at $1.8 billion. Under the deal unveiled in July 2016, Citrix shareholders received 0.1718 shares of LogMeIn stock for each share of Citrix common stock they owned as of Jan. 20.

In January Citrix said that it recorded revenue in 2016 of $3.42 billion, up more than 4 percent from $3.28 billion in 2015. Net income for the year was $536.1 million, up nearly 68 percent from $319.4 million in 2015.

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