Why Nutanix Stock Was Climbing This Week
Shares of Nutanix (NASDAQ: NTNX) were moving higher this week after the hyperconverged infrastructure specialist offered strong guidance in its fiscal third-quarter earnings report for the period ended April 30.
According to data from S&P Global Market Intelligence, the stock was up 15.8% for the week as of Thursday's close.
Nutanix underwent a multiyear transition to a subscription software company and a change in the way it measures and incentivizes sales, shifting its focus from total contract value to annual contract value. Those moves finally seem to be paying off.
Source Fool.com
Nutanix Inc. Stock
€46.21
1.540%
With 40 Buy predictions and not a single Sell prediction Nutanix Inc. is an absolute favorite of our community.
With a target price of 62 € there is a positive potential of 34.17% for Nutanix Inc. compared to the current price of 46.21 €.
