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Nutanix Is Turning the Corner

TheMotleyFool

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Shares of Nutanix (NASDAQ: NTNX) touched a two-year high this week after the company hosted its Investor Day conference on Tuesday.

After the company went through a years-long transition to a subscription software-as-a-service (SaaS) model, the fruits of those efforts are finally coming to bear. Wall Street cheered as the company outlined profitability targets, showing it would turn profitable sooner than expected. The stock rose 7.1% on Tuesday, and several analysts lifted their price targets on the stock following the conference.

Image source: Getty Images.

Source Fool.com

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