The stock of Nutanix Inc (NASDAQ:NTNX) is a huge mover today! About 1.43M shares traded hands. Nutanix Inc (NASDAQ:NTNX) has risen 6.00% since November 1, 2016 and is uptrending. It has outperformed by 0.07% the S&P500.
The move comes after 9 months negative chart setup for the $3.71B company. It was reported on Dec, 1 by Barchart.com. We have $27.36 PT which if reached, will make NASDAQ:NTNX worth $185.50 million less.
Nutanix Inc (NASDAQ:NTNX) Ratings Coverage
Out of 12 analysts covering Nutanix (NASDAQ:NTNX), 7 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 58% are positive. Nutanix has been the topic of 12 analyst reports since October 25, 2016 according to StockzIntelligence Inc. The stock of Nutanix Inc (NASDAQ:NTNX) earned “Outperform” rating by Oppenheimer on Tuesday, October 25. The stock has “Buy” rating given by Needham on Tuesday, October 25. As per Tuesday, October 25, the company rating was initiated by Pacific Crest. The stock of Nutanix Inc (NASDAQ:NTNX) has “Neutral” rating given on Tuesday, October 25 by JP Morgan. The company was initiated on Tuesday, October 25 by Robert W. Baird. The stock of Nutanix Inc (NASDAQ:NTNX) has “Outperform” rating given on Tuesday, October 25 by RBC Capital Markets. The stock of Nutanix Inc (NASDAQ:NTNX) has “Overweight” rating given on Tuesday, October 25 by Piper Jaffray. Stifel Nicolaus initiated Nutanix Inc (NASDAQ:NTNX) rating on Tuesday, October 25. Stifel Nicolaus has “Hold” rating and $35 price target. The firm has “Outperform” rating by Credit Suisse given on Tuesday, October 25. The stock has “Mkt Perform” rating given by Raymond James on Tuesday, October 25.
According to Zacks Investment Research, “Nutanix, Inc. provides an enterprise cloud platform which converges silos of server, virtualization and storage into integrated solution and connects to public cloud services. Nutanix, Inc. is based in San Jose, United States.”
More news for Nutanix Inc (NASDAQ:NTNX) were recently published by: Reuters.com, which released: “Cloud computing firm Nutanix posts smaller-than-expected loss” on November 29, 2016. Nasdaq.com‘s article titled: “What’s in the Cards for Nutanix (NTNX) in Q1 Earnings?” and published on November 28, 2016 is yet another important article.
NTNX Company Profile
Nutanix, Inc. (Nutanix) provides an enterprise cloud platform that converges silos of server, virtualization and storage into one integrated solution and connects to public cloud services. The Company’s software-driven platform delivers the scalability and pay-as-you-grow economics of the public cloud, while addressing enterprise requirements of application mobility, security, data integrity and control. It has combined Web-scale technologies with consumer-grade design to deliver an enterprise cloud platform that elevates information technology (IT) organizations to focus on the applications and services that manage their businesses. The Firm refers to its platform as invisible infrastructure as it provides availability and low-touch management, and enables application mobility across computing environments. The Company’s platform is designed to run on commodity x86 servers with off-the-shelf central processing units (CPUs), memory and storage media.
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