What to Watch When Nutanix Reports Earnings
Nutanix (NASDAQ: NTNX) has made a remarkable comeback on the stock market in recent months, having entered the year on weak footing as investors feared that its growth would be curtailed by bigger cloud infrastructure companies. In fact, Nutanix shares now trade at 52-week highs following a series of strong quarterly reports and rapid customer growth.
Furthermore, Wall Street analysts have been bullish about Nutanix's prospects, raising their price targets in anticipation of stronger financial growth thanks to its switch toward a software-only model that'll enhance margins. Therefore, investors will be expecting a strong set of results from the enterprise cloud specialist when it releases its first-quarter results after the market closes on Nov. 30.
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Source: Fool.com
Nutanix Inc. Stock
The stock is an absolute favorite of our community with 40 Buy predictions and no Sell predictions.
As a result the target price of 65 € shows a positive potential of 30.18% compared to the current price of 49.93 € for Nutanix Inc..
