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Tag: Nutanix Inc

  • Pre-Market Surge: Nutanix (NTNX) Shares Climb After Impressive Earnings

    Pre-Market Surge: Nutanix (NTNX) Shares Climb After Impressive Earnings

    Nutanix, Inc. (NASDAQ: NTNX) shares are seeing a noteworthy 14.46% increase this morning, rising to $79.38 as of the last premarket check. The company’s second-quarter results report, which demonstrated outstanding financial performance and strategic developments, was released shortly after the steep spike.

    Sturdy Growth and Financial Performance

    Nutanix produced excellent performance for the fiscal quarter that concluded on January 31, 2025, in all of its important financial measures. Annual Recurring Revenue (ARR) increased by 19% year over year to $2.06 billion, according to the corporation. Furthermore, Nutanix showed strong free cash flow creation, generating $187.1 million so far this year. These numbers demonstrate the business’s dedication to attaining profitable and long-term growth.

    The growing use of its Cloud Platform, which is drawing in companies looking for dependable, long-term technology partners, is credited by Nutanix with its strong performance. Additionally, the business has used its go-to-market campaigns and strategic alliances to propel additional growth.

    Increasing Financial Adaptability

    Nutanix has strengthened its balance sheet by obtaining a new credit facility and issuing convertible notes in an effort to strengthen its financial position. The business closed a private offering of $862.5 million in senior notes with a 0.50% convertible interest rate that are scheduled to mature in 2029 on December 16, 2024. A $500 million senior secured revolving credit facility was also formed by Nutanix, enhancing its capacity to finance expansion plans in the future.

    Trends in GenAI Adoption

    The seventh annual Enterprise Cloud Index (ECI), a survey-based research study evaluating business cloud adoption progress worldwide, was issued by Nutanix during the quarter. The results this year highlighted how Generative Artificial Intelligence (GenAI) is increasingly influencing corporate goals, especially in the areas of IT infrastructure, security, and privacy.

    The ECI survey discovered that although the majority of companies have already put a GenAI strategy into place, the timeframes for its implementation vary greatly as enterprises speed up their use of this technology. Nutanix is positioned as a major competitor in the changing cloud computing ecosystem with its solid financial footing, robust earnings performance, and industry insights on cutting-edge technology.

  • 15 Stocks In Software – Infrastructure Industry You Should Add In Your Bucket

    15 Stocks In Software – Infrastructure Industry You Should Add In Your Bucket

    Software Infrastructure Industry is considered to be an important industry as it helps the organization run smoothly by automating the processes in the organizations. Software is ubiquitous and is helpful in reducing time and also save costs. The software helps in increasing staff productivity, minimizing manual error, and improve security management.

    Every sector including manufacturing, entertainment, healthcare, software development, technology all is experiencing change because of fast digital transformation. Half of 2020 is passed and half is underway and the new trends in the software industry are also in process. There are various trends in software development that will take the center stage in 2020 and 2021. Trends include the Internet of Things (IoT), Artificial Intelligence, and Big data, etc.

    There are few leading companies in the Software Infrastructure Industry yo should add to your portfolio:

    Microsoft Corporation (NASDAQ: MSFT)

    Microsoft Corporation (NASDAQ: MSFT) shares were trading down -4.96% at $202.68 at the time of writing on Wednesday. Microsoft Corporation (NASDAQ: MSFT) share price went from a low point around $132.52 to briefly over $232.86 in the past 52 weeks, though shares have since pulled back to $202.68. MSFT market cap has remained high, hitting $1523.33B at the time of writing, giving it a price-to-sales ratio of more than 10.

    Microsoft Corporation (MSFT) has earlier announced that the fiscal year 2021 first-quarter financial results are available on its Investor Relations website. If we look at the recent analyst rating MSFT, UBS resumed coverage on MSFT shares with a Buy rating and a $230.72 price target, which implies room for 28.04% upside momentum this year.

    Palantir Technologies Inc. (NYSE: PLTR)

    Palantir Technologies Inc. (PLTR) last closed at $10.85, in a 52-week range of $8.90 to $11.42. Palantir Technologies Joins The Trinity Challenge. Palantir Technologies Inc. (PLTR) has announced that it has joined Trinity College Cambridge’s ‘The Trinity Challenge’ as a member. Palantir Technologies Inc.’s market cap has remained high, hitting $18.24 Billion at the time of writing.

    Oracle Corporation (NYSE: ORCL)

    Oracle Corporation (NYSE: ORCL) stock drop by -2.61% to $55.59 after Pennsylvania State University Joins Oracle Academy to Help Students Become Cloud Developers and Technology Leaders. The most recent rating by UBS, on October 14, 2020, is at a Neutral. Oracle Corporation (ORCL) revealed new cloud services to help mid-sized banks fighting money laundering and outsmart financial crime.

    Limelight Networks Inc. (NASDAQ: LLNW)

    Limelight Networks Inc. (NASDAQ: LLNW) shares headed falling, lower as much as -6.36%. The most recent rating by B. Riley Securities, on October 23, 2020, is at a Buy. Limelight Networks Inc. (LLNW) has shared record revenue of $59.2 million for the third quarter of 2020, up 15 percent, compared to $51.3 million in the third quarter of 2019.

    FireEye Inc. (NASDAQ: FEYE)

    FireEye Inc. (NASDAQ: FEYE) rose 0.25% after gaining more than $0.04 on Wednesday. It has moved up 87.33% from its 52-weeks low and moved down -22.98% from its 52-weeks high. FireEye Inc. (FEYE) has earlier announced the financial results for the third quarter ended September 30, 2020. It has reported a revenue of $238 million as compared to the revenue of $226 million.

    Akamai Technologies Inc. (NASDAQ: AKAM)

    Akamai Technologies Inc. (NASDAQ: AKAM) last closed at $97.40, in a 52-week range of $75.18 to $120.00. Analysts have a consensus price target of $124.65. Akamai Technologies Inc. (AKAM) earlier announced that it has been recognized by Gartner as a Leader in the 2020 Magic Quadrant for Web Application Firewalls for the fourth year in a row.

    Square Inc. (NYSE: SQ)

    Square Inc. (NYSE: SQ) stock drop by -2.27% to $167.13. The most recent rating by Wolfe Research, on September 29, 2020, is at an Outperform. Square Inc. (SQ) has announced that it is scheduled to release financial results for the third quarter of 2020 on November 5, 2020. The company will host the conference call on the same day.

    NortonLifeLock Inc. (NASDAQ: NLOK)

    NortonLifeLock Inc. (NASDAQ: NLOK) shares headed falling, lower as much as -1.83% after 1 in 5 Americans Have Shared Disinformation. The most recent rating by Argus, on August 21, 2020, is at a Buy. NortonLifeLock Inc. (NLOK) announced it was named one of America’s Most JUST Companies, which recognizes companies for its commitment to serving its workers, customers, communities, the environment, and shareholders.

    BlackBerry Limited (NYSE: BB)

    BlackBerry Limited (NYSE: BB) fall -5.77% after losing more than -$0.28 on Wednesday. BlackBerry Limited (BB) has revealed a partnership to speed up Ontario’s economic recovery, after the impact of the COVID-19 pandemic. It has announced that it will participate in the Ontario Made program, managed by CME, aimed at promoting locally made products.

    Dropbox Inc. (NASDAQ: DBX)

    Dropbox Inc. (NASDAQ: DBX) last closed at $18.61, in a 52-week range of $14.55 to $24.14. Analysts have a consensus price target of $28.11. Dropbox Inc. (DBX) has announced that it will release its financial results for the third quarter ended 30 September 2020 after the market close on November 5, 2020. It has traded up 27.90% from its 52-weeks low and traded down -22.91% from its 52-weeks high.

    Adobe Inc. (NASDAQ: ADBE)

    Adobe Inc. (NASDAQ: ADBE) stock drop by -4.51% to $456.97. The most recent rating by DZ Bank, on September 17, 2020, is at a Buy. Adobe Inc. (ADBE) has revealed significant innovation across its Creative Cloud applications and services. In addition to ground-breaking new features like Neural Filters in Photoshop, the company shared major updates to its flagship applications including Lightroom, Premiere Pro, and Illustrator.

    CrowdStrike Holdings Inc. (NASDAQ: CRWD)

    CrowdStrike Holdings Inc. (NASDAQ: CRWD) fall -1.43% after losing more than -$1.91 on Wednesday. CrowdStrike Holdings Inc. (CRWD) has earlier revealed the new CrowdStrike Falcon X Recon module that will offer customers an increased level of situational awareness through the deep, broad collection of data from digital sources.

    Cloudflare Inc. (NYSE: NET)

    Cloudflare Inc. (NYSE: NET) last closed at $54.76, in a 52-week range of $15.05 to $61.86. Analysts have a consensus price target of $48.46. Cloudflare Inc. (NET) has earlier announced that it has dropped Cloudflare One, a comprehensive, cloud-based network-as-a-service solution for the workforce. This company has a market capitalization of $16.74 billion at the time of writing.

    Nutanix Inc. (NTNX)

    Nutanix Inc. (NTNX) stock soar by 0.08% to $24.56 after Nutanix Empowers UK Institute to Leap with Confidence. The most recent rating by Robert W. Baird, on August 28, 2020, is at a Neutral. Nutanix Inc. (NTNX) has revealed that that Highland Bank, a privately-held, business-focused bank implemented Nutanix hyper-converged infrastructure (HCI) to enable employees to work from anywhere in response to the COVID-19 pandemic, as well as increase the flexibility and reliability of their infrastructure.

    Box Inc. (NYSE: BOX)

    Box Inc. (NYSE: BOX) shares headed falling, lower as much as -0.80%. The most recent rating by Craig Hallum, on May 28, 2020, is at a Buy. Box Inc. (BOX) has traded up 86.00% from its 52-weeks low and traded down -27.25% from its 52-weeks low. This company has a market capitalization of $2.52 billion at the time of writing.

  • 20 Trending Stocks In Software – Infrastructure Industry You Should Be Holding Now

    20 Trending Stocks In Software – Infrastructure Industry You Should Be Holding Now

    In today’s world, we are observing the fast digital transformation that affects all life areas including business, healthcare, manufacturing, and entertainment. Software is ubiquitous and the software industry is considered to be an important industry as the new technologies are evolving with time.  The software industry has made progress rapidly. The global information technology is on pace to reach $5.2 trillion in 2020.

    There are various trends this industry is adapting to keep pace with the fast-moving technological world.  Cloud computing and artificial intelligence is now dominating the technological world today. There are various other trends such as machine learning, blockchain, and edge computing has a major impact on this industry beyond our imagination.

    Let take a quick look at the top 20 trending companies which are following new trends to compete in the market:

    ACI Worldwide Inc. (NASDAQ: ACIW)

    ACI Worldwide Inc. (NASDAQ: ACIW) shares were trading up 2.55% at $27.95 at the time of writing on Monday. ACI Worldwide Inc. (NASDAQ: ACIW) share price went from a low point around $20.03 to briefly over $39.37 in the past 52 weeks, though shares have since pulled back to $27.95. ACIW market cap has remained high, hitting $3.20B at the time of writing, giving it a price-to-sales ratio of more than 2.

    ACI Worldwide Inc. (ACIW) disclosed that it has entered into a strategic partnership with GOLDPoint Systems for installment and specialty lenders. The companies will facilitate debit card loan payments and disbursement of loan proceeds for GOLDPoint Systems’ customers through the integration of the ACI Speedpay solution into the GOLDPoint platform. If we look at the recent analyst rating ACIW, Compass Point initiated coverage on ACIW shares with a Buy rating and a $35.43 price target, which implies room for 7.48% upside momentum this year.

    Adobe Inc. (NASDAQ: ADBE)

    Adobe Inc. (NASDAQ: ADBE) last closed at $486.47, in a 52-week range of $255.13 to $536.88. Analysts have a consensus price target of $552.77. Adobe announced the appointment of Melanie Boulden to its board of directors, effective Oct. 5, 2020. The addition of Boulden expands Adobe’s board of directors from 10 to 11 members. This company has a total market capitalization of $243.37 billion.

    Akamai Technologies Inc. (AKAM)

    Akamai Technologies Inc. (AKAM) stock soar by 0.45% to $109.10. The most recent rating by Needham, on July 22, 2020, is at a Buy. Akamai Technologies Inc. (AKAM) disclosed earlier that it was named a Leader in The Forrester Wave™: Zero Trust eXtended Ecosystem Platform Providers, Q3 2020 evaluation. Forrester evaluated 15 vendors and their Zero Trust security platforms based on 19 criteria, ranking their current offering, strategy, and market presence.

    BlackBerry Limited (NYSE: BB)

    BlackBerry Limited (NYSE: BB) Shares headed rising, higher as much as 1.35%. The most recent rating by TD Securities, on April 01, 2020, is at a Hold.BlackBerry Limited has revealed BlackBerry® Protect Mobile, a new mobile threat defense (MTD) solution that extends the powerful AI-based security in BlackBerry® Protect to mobile devices. Looking at its profitability, it has a current ratio of $2.58 billion.

    Box Inc. (NYSE: BOX)

    Box Inc. (NYSE: BOX) rose 0.70% after gaining more than $0.12 on Monday. Box Inc. (BOX) has disclosed that the U.S. Department of Veterans Affairs (VA) has issued Box an Authority to Operate (ATO). The VA can leverage Box’s cloud content management platform to modernize its technical infrastructure and drive new ways to work in the cloud. This company market capitalization has remained high, hitting $2.76 billion at the time of writing.

    CleanSpark Inc. (NASDAQ: CLSK)

    CleanSpark Inc. (CLSK) last closed at $12.20, in a 52-week range of $0.97 to $15.14. CleanSpark Inc. (CLSK) earlier disclosed that it is entering the Electric Vehicle (EV) charging station space through its recently acquired, wholly-owned subsidiary GridFabric, LLC. GridFabric is an OpenADR (Automatic Demand Response) communications compliance and certification company.

    CrowdStrike Holdings Inc. (CRWD)

    CrowdStrike Holdings Inc. (CRWD) stock soar by 3.58% to $144.88. The most recent rating by Goldman, on October 05, 2020, is at a Buy. CrowdStrike Holdings Inc. has earlier disclosed that it has completed its acquisition of Preempt Security, a leading provider of Zero Trust, and conditional access technology for real-time access control and threat prevention.

    Dropbox Inc. (NASDAQ: DBX)

    Dropbox Inc. (NASDAQ: DBX) shares headed rising, higher as much as 1.72%. The most recent rating by BofA Securities, on July 31, 2020, is at a Neutral. Dropbox Inc. (DBX) CEO and co-founder Drew Houston earlier, said that COVID has accelerated a shift to distributed work that we have been talking about for some time, and these new ways of working will not simply go away when the pandemic is over.

    FireEye Inc. (NASDAQ: FEYE)

    FireEye Inc. (NASDAQ: FEYE) rose 2.22% after gaining more than $0.27 on Monday. FireEye Inc. (FEYE)  earlier disclosed Mandiant® Advantage: Threat Intelligence the first SaaS-based offering by Mandiant Solutions to combine its Threat Intelligence with data from the frontlines of its industry-leading cyber incident response engagements, delivered through an easy-to-use management platform.

    Fortinet Inc. (NASDAQ: FTNT)

    Fortinet Inc. (FTNT) last closed at $119.09, in a 52-week range of $70.20 to $151.95. Analysts have a consensus price target of $139.50. Fortinet Inc. (FTNT) has launched its new free Information Security Awareness and Training service for organizations looking to educate employees about the increasing risks of cyberattacks. This company has a market capitalization of $19.91 billion at the time of writing.

    GoDaddy Inc. (NYSE: GDDY)

    GoDaddy Inc. (NYSE: GDDY) stock soar by 2.57% to $77.09. The most recent rating by Raymond James, on August 06, 2020, is at a Strong buy. GoDaddy Inc. (GDDY) has disclosed that customers can now sell their products on Instagram and Facebook through Websites + Marketing Ecommerce, further expanding the opportunity for them to find new customers and grow sales. As an official Facebook Marketing Partner, GoDaddy is one of the early adopters of Facebook’s Business Extension.

    Limelight Networks Inc. (NASDAQ: LLNW)

    Limelight Networks Inc. (NASDAQ: LLNW) Shares headed falling, lower as much as -1.79%. The most recent rating by Truist, on September 18, 2020, is at a Buy. Limelight Networks Inc. (LLNW) will report financial results for the third quarter of 2020 on Thursday, October 22, 2020. This company has a total market capitalization of $695.37 million at the time of writing.

    Micro Focus International plc (NYSE: MFGP)

    Micro Focus International plc (NYSE: MFGP) rose 7.48% after gaining more than $0.24 on Monday. Micro Focus International plc (MFGP) share price went from a low point around $3.11 to briefly over $16.49 in the past 52 weeks, though shares have since pulled back to $3.55. MFGP market cap has remained high, hitting $1.16 B at the time of writing.

    Microsoft Corporation (NASDAQ: MSFT)

    Microsoft Corporation (NASDAQ: MSFT) last closed at $210.38, in a 52-week range of $132.52 to $232.86. Analysts have a consensus price target of $229.83. Microsoft Corporation (MSFT) Microsoft Corp. is to build a data center hub in Greece as it invests in cloud services infrastructure in the country, a boon to an economy weakened by a decade-long debt crisis and the coronavirus pandemic.

    Cloudflare Inc. (NYSE: NET)

    Cloudflare Inc. (NYSE: NET) stock soar by 2.66% to $42.86. The most recent rating by Needham, on August 07, 2020, is at a Buy. Cloudflare Inc. (NET) has launched Cloudflare Radar, a free public tool that lets anyone view global traffic and security trends across the Internet as they happen. This company has a total market capitalization of $13.19 billion.

    NortonLifeLock Inc. (NASDAQ: NLOK)

    NortonLifeLock Inc. (NASDAQ: NLOK) shares headed rising, higher as much as 4.67%. The most recent rating by Argus, on August 21, 2020, is at a Buy. NortonLifeLock Inc. (NLOK) share price went from a low point around $13.06 to briefly over $24.40 in the past 52 weeks, though shares have since pulled back to $21.69. NLOK market cap has remained high, hitting $12.81 Billion at the time of writing.

    Nutanix Inc. (NASDAQ: NTNX)

    Nutanix Inc. (NASDAQ: NTNX) fall -0.99% after losing more than -$0.22 on Monday. Nutanix Inc. (NTNX) earlier disclosed the release of the first cloud-agnostic multi-database management solution. Era 2.0 extends the Nutanix database management solution across clouds and clusters to simplify operations, with increased scale and reduced costs for IT and database teams.

    Okta Inc. (NASDAQ: OKTA)

    Okta Inc. (NASDAQ: OKTA) last closed at $227.26, in a 52-week range of $88.66 to $231.29. Analysts have a consensus price target of $222.74. Okta Inc. (OKTA) has disclosed it will webcast the Keynote and Investor/Analyst Q&A sessions of Showcase 2020.

    Oracle Corporation (NYSE: ORCL)

    Oracle Corporation (NYSE: ORCL) stock soar by 1.24% to $59.56. The most recent rating by RBC Capital Mkts, on September 21, 2020, is at an Outperform. Paytronix Systems, Inc., the most advanced digital guest experience platform and a member of Oracle PartnerNetwork (OPN), today announced the integration of Paytronix Order & Delivery with Oracle MICROS Simphony POS.

    Anaplan Inc. (NYSE: PLAN)

    Anaplan Inc. (NYSE: PLAN) Shares headed falling, lower as much as -1.04%. The most recent rating by Needham, on August 27, 2020, is at a Buy. Anaplan Inc. (PLAN) market capitalization has remained high, hitting $8.85 billion at the time of writing.

  • Here’s 10 Trending Stocks in Software – Infrastructure Industry

    Here’s 10 Trending Stocks in Software – Infrastructure Industry

    Tech stocks have been on fire lately. It appears that they continue hitting new record-breaking highs, for quite a while. Software is everywhere & considered to be the focal point of business innovation lately. The software industry made progress rapidly. The primary mode of software deployment has moved from legacy on-premise to cloud architecture with SaaS considered to be the preferred delivery mode.

    A number of significant organizations are running on Software and provided as online services from movies to agriculture, etc. Tech stocks keep pushing new highs as time passes. A number of silicon-valley styles entrepreneurial tech companies are winning the race.

    Here some of the booming software infrastructure stocks you should add to your list.

    Nutanix Inc. (NASDAQ: NTNX) shares were trading up 29.17% at $28.03 at the time of writing on Friday. Nutanix Inc. (NASDAQ: NTNX) share price went from a low point around $11.31 to briefly over $37.86 in the past 52 weeks, though shares have since pulled back to $28.03. NTNX market cap has remained high, hitting $4.33B at the time of writing, giving it a price-to-sales ratio of more than 3.

    If we look at the recent analyst rating NTNX, Robert W. Baird downgraded coverage on NTNX shares with a Neutral rating and a $28.71 price target, which implies room for 0.68% upside momentum this year.

    Microsoft Corporation (NASDAQ: MSFT) last closed at $228.91, in a 52-week range of $132.52 to $231.15. Analysts have a consensus price target of $226.93.

    Oracle Corporation (NYSE: ORCL) stock soar by 1.22% to $57.88. The most recent rating by Argus, on June 19, 2020, is at a Hold. Oracle saw a positive change in its earning growth and has been doing great lately compares to other companies that have been seeing a negative change in its growth.

    Square Inc. (NYSE: SQ) Shares headed rising, higher as much as 0.21%. The most recent rating by Mizuho, on August 27, 2020, is at a Buy.

    Dropbox Inc. (NASDAQ: DBX) rose 2.02% after gaining more than $0.41 on Friday. Dropbox, Inc saw a sharp increase in its share price movements in the recent months.

    NortonLifeLock Inc. (NASDAQ: NLOK) last closed at $24.05, in a 52-week range of $13.02 to $24.40. Analysts have a consensus price target of $24.33.

    BlackBerry Limited (NYSE: BB) stock soar by 3.98% to $5.23. The most recent rating by TD Securities, on April 01, 2020, is at a Hold.  BlackBerry (NYSE: BB) announced the Redemption of Existing Convertible Debentures. BlackBerry has given the notice of redemption to all holders of the 3.75% debentures. BB set the outstanding principal amount of the 3.75% Debentures is US$605 million.

    Okta Inc. (NASDAQ: OKTA) Shares headed falling, lower as much as -4.79%. The most recent rating by RBC Capital Mkts, on July 06, 2020, is at an Outperform. The return on capital employed ratio of Okta Inc. has disclosed that the current assets of the company are not helping it achieving higher returns.

    Box Inc. (NYSE: BOX) fall -1.19% after losing more than -$0.24 on Friday. Box, Inc. aimed to develop a solution and strived to build a platform that engaged in managing the content in the cloud.  The company has disclosed the stellar Q2 2021 earnings report. It has reported the revenue of US 1992.3 million. Its revenue beat analysts expectation as its recorded the 11%rise in Q2 revenue.

    CrowdStrike Holdings Inc. (NASDAQ: CRWD) last closed at $118.64, in a 52-week range of $31.95 to $119.94. Analysts have a consensus price target of $112.67. The stock of CrowdStrike Holdings has moved up more than 30% over the past 12 months. Its revenue rose 85% last quarter with the increase of its subscribers base.

     

  • Nutanix Inc [NTNX] In a Sweet Spot as Multiple Factors Favor Stock-Value Growth

    Nutanix Inc [NTNX] In a Sweet Spot as Multiple Factors Favor Stock-Value Growth

    Nutanix Inc [NASDAQ:NTNX] has been on an uptrend for some time now and has sustained that trend in today’s session.  It is currently up by 28% and gaining. This follows the company’s announcement of Q4 results that beat analysts’ estimates.

    The company’s earnings came out at a loss of $0.39 against a consensus estimate of $0.67. The earnings loss was also much lower than what it recorded in a similar quarter a year ago when it reported a net loss of $0.57.  This is the 4th time in a row that the company had beat analysts’ estimates on earnings.

    Delving deeper into its earnings, the company reported that revenues in Q4 stood at $327.9 million, or an increase of 9% compared to a similar quarter in 2019. The company also reported that billings in the quarter increased to $388.5 million compared to a similar quarter in 2019. The gross margins on sales also improved compared to a similar quarter in 2019.

    The company reported that its GAAP gross margin increased from 77% in Q4 of 2019 to 79.6% in Q4 of 2020. Commenting on the results, CEO Dheeraj Pandey stated the result were a demonstration of the company’s growth despite the COVID-19 pandemic.

    The strong financial results also come at a time when the company has received an investment of $750 million from Bain Capital that is aimed at supporting its growth initiatives. Commenting on the deal, the CEO stated that Bain Capital was a good investment because it has extensive experience in investing in technology and helping companies grow their operations.

    He added that the investment by Bain was a vote of confidence in the company’s position, as a market leader in the hybrid cloud infrastructure market. In fact, one of Bain Capital’s Managing Directors, David Humphrey stated that they found the company to be a good match based on its vision of having a differentiated hybrid cloud platform that offers a flexible environment for easy integration with other platforms.

    Looking ahead

    With the strong financials that the company recorded in Q4 and the investment from Bain Capital, this company is uniquely positioned for growth in coming quarters. Its prospects for growth are enhanced by the fact that the business environment is getting better as the COVID-19 restrictions start to ease up.  As investors expect better results from the company, it is likely to experience a sustained upside momentum in the near-term. Overall market momentum, as investors take riskier bets post-pandemic, could help support this stock in the near-term.

    About Nutanix Inc [NASDAQ: NTNX]

    Nutanix Inc is an enterprise cloud company that operates in North America and all over the world. It is based in San Jose, California.