Why Nutanix Inc. Stock Jumped Friday
Enterprise cloud computing company Nutanix (NASDAQ: NTNX) saw its stock rise as much as 16.7% on Friday, following the company's first-quarter results for fiscal 2018. The stock is up 6.8% at the time of this writing.
The stock's rise is likely due to better-than-expected revenue and earnings per share, as well as confirmation from management about its plans to shift toward a software-centric business model.
Image source: Getty Images.
Source: Fool.com
Nutanix Inc. Stock
€54.20
-4.660%
With 43 Buy predictions and not a single Sell prediction Nutanix Inc. is an absolute favorite of our community.
With a target price of 67 € there is a positive potential of 23.62% for Nutanix Inc. compared to the current price of 54.2 €.
