Citrix 2009 Annual Report Download - page 41

Download and view the complete annual report

Please find page 41 of the 2009 Citrix annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 138

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138

PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
Price Range of Common Stock and Dividend Policy
Our common stock is currently traded on The NASDAQ Global Select Market under the symbol “CTXS.”
The following table sets forth the high and low sales prices for our common stock as reported on The NASDAQ
Global Select Market for the periods indicated, as adjusted to the nearest cent.
High Low
Year Ended December 31, 2009:
Fourth quarter ............................................................ $43.78 $36.75
Third quarter ............................................................. $39.35 $29.82
Second quarter ............................................................ $34.41 $22.15
First quarter .............................................................. $24.51 $20.00
Year Ended December 31, 2008:
Fourth quarter ............................................................ $27.39 $19.00
Third quarter ............................................................. $32.17 $21.30
Second quarter ............................................................ $36.20 $29.15
First quarter .............................................................. $38.95 $29.30
On February 18, 2010, the last reported sale price of our common stock on The NASDAQ Global Select
Market was $45.16 per share. As of February 18, 2010, there were approximately 1,055 holders of record of our
common stock.
We currently intend to retain any earnings for use in our business, for investment in acquisitions and to
repurchase shares of our common stock. We have not paid any cash dividends on our capital stock in the last two
years and do not currently anticipate paying any cash dividends on our capital stock in the foreseeable future.
Issuer Purchases of Equity Securities
Our Board of Directors has authorized an ongoing stock repurchase program with a total repurchase
authority granted to us of $2.1 billion. The objective of the stock repurchase program is to improve stockholders’
returns. At December 31, 2009, approximately $160.3 million was available to repurchase common stock
pursuant to the stock repurchase program. All shares repurchased are recorded as treasury stock. The following
table shows the monthly activity related to our stock repurchase program for the quarter ended December 31,
2009.
Total Number
of Shares
Purchased(1,2)
Average
Price Paid
per Share
Total Number
of Shares
Purchased as Part
of Publicly
Announced Plans
or Programs
Approximate dollar
value of Shares that
may yet be
Purchased under the
Plans or Programs
(in thousands)
October 1, 2009 through October 31, 2009 ..... 429,386 $38.39 429,386 $220,447
November 1, 2009 through November 30,
2009 ................................. 1,234,508 $38.53 1,234,508 $172,885
December 1, 2009 through December 31,
2009 ................................. 324,662 $38.76 324,662 $160,300
Total ............................... 1,988,556 $38.54 1,988,556 $160,300
(1) Represents shares received under our prepaid stock repurchase programs and shares acquired in open market
purchases. We expended approximately $75.0 million during the quarter ended December 31, 2009 for
33