2 Reasons Nutanix Is Built for Growth
The market for "hyper-converged" cloud infrastructure is expected to grow at a pace of over 43% a year from 2016 to 2022, according to the researchers at Markets and Markets, hitting $12 billion. This terrific growth will be driven by enterprises looking to seamlessly integrate their private and public cloud infrastructures.
One way to tap this potentially fertile market is through Nutanix (NASDAQ: NTNX). This hyper-converged cloud computing specialist has been successfully taking advantage of the expansive opportunity, as you can see from its rapidly growing revenue.
Source: Fool.com
Nutanix Inc. Stock
€54.51
0.570%
The stock is an absolute favorite of our community with 34 Buy predictions and no Sell predictions.
As a result the target price of 56 € shows a slightly positive potential of 2.73% compared to the current price of 54.51 € for Nutanix Inc..
