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Why Nutanix Stock Soared Today

TheMotleyFool

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Why Nutanix Stock Soared TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png

Shares of Nutanix (NASDAQ: NTNX) skyrocketed Friday morning after The Wall Street Journal reported that the cloud-computing company is exploring a sale after receiving some takeover interest.

Investors were excited about the potential for the company to make a deal, and had pushed Nutanix's share price up by 23.5% as of 11:23 a.m. ET.

The WSJ article offered no specific details about the possible sale, but referenced "people familiar with the matter" as saying that Nutanix will likely target private equity and industry players.

Source Fool.com

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