Citrix Systems provides enterprise-level virtualization software products. It has solid fundamentals. Net Margin is 19.3%, Return on Capital is 286% and currently it is traded at 15.2 Price-to-Free-Cash-Flow. That does not make it “cheap” but its a reasonable valuation for a profitable company with efficient capital allocation.
CTXS topped with the main indices in late August 2018. Since then it has been in a textbook triangle shaped consolidation.
At this point the pullback looks fully completed. From here we should get a strong rally at first targeting the Sep 2018 top in wave ( A ) of ( 5 ) up.