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Why Nutanix Stock Gained 27.3% in October

TheMotleyFool 
0 0 04.11.17
Why Nutanix Stock Gained 27.3% in October
 
Why Nutanix Stock Gained 27.3% in October

Shares of Nutanix (NASDAQ: NTNX) gained 27.3% last month, according to data provided by S&P Global Market Intelligence, as two analysts weighed in with favorable coverage of the enterprise software company.

Image source: Nutanix.

Nutanix stock benefited from favorable analyst coverage in October. Shares climbed roughly 10% on October 10 following the release of bullish notes from analysts from William Blair and Jefferies. These reports highlighted customer satisfaction and a move to a software-only business model as positive catalysts, and came on the heels of a strong earnings report in August that saw fourth-quarter sales increase 62% year over year and full-year sales increase 75% year over year.

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Source: Fool.com

Nutanix Inc. Stock

€54.20
3.050%
A very strong showing by Nutanix Inc. today, with an increase of €1.59 (3.050%) compared to yesterday's price.
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 3.32% compared to the current price of 54.2 € for Nutanix Inc..
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