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Why Nutanix Stock Popped Today

TheMotleyFool

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Why Nutanix Stock Popped TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7835e381-fcae-4834-ba93-4708292dc055.png

Shares of Nutanix (NASDAQ: NTNX) were climbing today after the hybrid cloud specialist posted better-than-expected results in its fiscal fourth quarter, showing the company's shift to an annual contract value (ACV) model is starting to pay off.

As of 10:17 a.m. EDT Thursday, the stock was up 11.3%.

Image source: Getty Images.

Source Fool.com

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