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This Stock Could Turn Out to Be a Top Cloud Play in 2021

TheMotleyFool

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This Stock Could Turn Out to Be a Top Cloud Play in 2021

Nutanix (NASDAQ: NTNX) seems all set to close out 2020 on a high after a disastrous start that saw the company slash its full-year guidance in March on account of the novel coronavirus pandemic and a shift in its business model.

Shares of the cloud-based hyper-convergence specialist have recovered a lot of ground, however, and they seem capable of delivering more upside given the pace at which the company's subscription business is growing. In fact, it wouldn't be surprising to see Nutanix turn out to be a top cloud play in 2021. Let's take a closer look at why that might be the case.