Cowen and Company's leveraged buyout analysis of a Citrix Systems takeover indicates $100 per share midpoint [Seeking Alpha]
Cowen Inc. - Class A (COWN)
Last cowen inc. - class a earnings: 4/29 07:01 am
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US:NASDAQ Investor Relations:
investor.cowen.com/investor-overview
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Source: Seeking Alpha
Amid reports suggesting Citrix Systems is exploring a possible sale, analyst Gregg Moskowitz reiterates shares at Outperform ($90 target), noting $100 midpoint (vs. $82 currently) assumes a "reasonable" 12x CY18 EBITDA multiple. Likelihood of a sale, however, remains an uncertain prospect at Cowen and Company (no view) and elsewhere, with Pacific Crest Securities (Sector Weight) noting Citrix Systems as an unconvincing asset (core revenue growth forecasted at less than 5%, margin efficiencies already factored) to a strategic purchaser and RBC Capital Markets (Sector Weight) considering probability limited (though private equity vs. strategic acquirer most feasible). Citrix System (NASDAQ: CTXS ) . Now read: Valuation Dashboard: Technology And Telecom - Update »
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