The Key Metric Nutanix Investors Should Watch
Nutanix (NASDAQ: NTNX) posted worrying fiscal first-quarter results with declining revenue, increasing losses, and negative free cash flow. But the cloud-computing company has initiated a significant transformation that should lead to improving performance. Here's the key metric investors should watch during that transition before considering buying the stock.
Nutanix's fiscal first-quarter year-over-year revenue decline of 0.6%, to $312.8 million, seems weak given the attractive market for the hybrid cloud (any combination of public and private cloud) that the company addresses. The research outfit Mordor Intelligence estimates that the hybrid cloud market will have a compound annual growth rate (CAGR) of 18.7% by 2025.
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Source Fool.com
