Nutanix, Inc. Class A Common Stock (NTNX)
Nutanix, Inc. Class A (NTNX) is a cloud computing company specializing in enterprise software solutions that simplify the deployment and management of data centers and cloud environments. Founded in 2009, Nutanix offers a hyper-converged infrastructure platform that integrates storage, computing, and networking into a single software-driven solution, enabling organizations to optimize their IT operations and scalability.
Company News
Global Software-Defined Data Center Market projected to grow from $70.6 billion in 2024 to $573.8 billion by 2034, driven by AI, machine learning, and cloud-native technologies, with increasing demand for skilled professionals and agile infrastructure solutions.
Three tech companies - Dropbox, Nutanix, and Salesforce - have announced significant share buyback programs, signaling financial strength and confidence in their future growth, particularly in AI-driven platforms.
Nutanix is gaining customers from VMware, leading to strong demand and operating margin outperformance. The analyst reiterated a Buy rating and raised the price target, expecting Nutanix to sustain its strong execution.
Nutanix (NTNX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Despite strong earnings, Nutanix's revenue guidance disappointed investors, and the stock price crumbled. Is the stock a buy after this sharp price correction?