Citrix Systems looking for a buyer?

Cloud computing company Citrix Systems may be looking for a buyer, according to media reports.
Citrix for enterprise technologyCitrix Systems is working with advisers weighing whether to sell itself after its stock tumbled this year, Bloomberg News reported.

The workplace software maker plans to gauge the interest of potential buyers over the next few weeks, the report said, adding that a decision is yet to be made on whether to pursue a sale and Citrix might remain a standalone entity.

The report, however, did not provide the details of the advisers with whom the company is working on the potential sale.

Citrix Systems did not immediately respond to a request for comment.

The Florida-based company’s shares have dropped 15.8 percent this year. Citrix Systems’ market capitalization stood at $13.6 billion as of Tuesday’s close.

The company had previously attempted to sell itself in the past. In 2017, Citrix Systems explored  strategic alternatives including a potential sale, Reuters reported.