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Actionable news in CTXS: Citrix Systems, Inc.,

Citrix Off 4%: Surprise Replacement of CEO With CFO Henshall

Shares of enterprise software provider Citrix Systems (CTXS) are down $2.93, or almost 4%, at $77, in late trading, after the company this afternoon said that its chief financial officer, David Henshall, will become its new CEO, replacing Kirill Tatarinov, who was appointed in January of last year, as part of an effort to speed up Citrix's "transformation to a cloud-based subscription business."

The announcement appears to have been a surprise to the Street.

In one of the first...


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