Why Nutanix Stock Was Climbing This Week
Shares of Nutanix (NASDAQ: NTNX) were moving higher this week after the hyperconverged infrastructure specialist offered strong guidance in its fiscal third-quarter earnings report for the period ended April 30.
According to data from S&P Global Market Intelligence, the stock was up 15.8% for the week as of Thursday's close.
Nutanix underwent a multiyear transition to a subscription software company and a change in the way it measures and incentivizes sales, shifting its focus from total contract value to annual contract value. Those moves finally seem to be paying off.
Source Fool.com
Nutanix Inc. Stock
€53.34
0.720%
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 4.99% compared to the current price of 53.34 € for Nutanix Inc..
