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The Best And The Worst Tech Stocks Of 2022 (So Far)

Rick Whiting

It’s been a rough six months for stock markets and IT stocks have been hit particularly hard. Here’s a look at the (few) companies whose share price increased in the first half of 2022 and the 10 companies with the biggest share price declines.

Stock Price Gainers

Gainers No. 4: Citrix Systems

CEO: Bob Calderoni

Jan. 3, 2022, Opening: $94.60

June 30, 2022, Close: $97.17

Change: +2.72%

Under a deal disclosed on Jan. 31 Citrix Systems will be acquired by private equity firms Vista Equity Partners and Evergreen Coast Capital for $100 per share.

Citrix shareholders approved the acquisition in April. Once the acquisition is complete, the plan calls for merging Citrix with Tibco Software, which Vista has owned since 2014. The deal closing is imminent.

Citrix shares, which began the year at $94.60, surged to more than $100 per share once the deal was announced and largely stayed in the $101 to $102 range through early June. The price briefly dipped below $90 per share in mid-June before recovering and hovering in the $96 to $98 range for the rest of the month, making it one of the few stock price gainers in the first half of the year

Citrix’s market capitalization stood at $12.3 billion as of June 30.

 
Rick Whiting

Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at rwhiting@thechannelcompany.com.

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