Why Nutanix Inc. Stock Jumped Friday
Enterprise cloud computing company Nutanix (NASDAQ: NTNX) saw its stock rise as much as 16.7% on Friday, following the company's first-quarter results for fiscal 2018. The stock is up 6.8% at the time of this writing.
The stock's rise is likely due to better-than-expected revenue and earnings per share, as well as confirmation from management about its plans to shift toward a software-centric business model.
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Source: Fool.com
Nutanix Inc. Stock
€48.66
-0.770%
The stock is an absolute favorite of our community with 39 Buy predictions and no Sell predictions.
As a result the target price of 63 € shows a positive potential of 29.47% compared to the current price of 48.66 € for Nutanix Inc..
