NTNX stock gains 25% due to strong IT modernization positioning and collaboration with AWS.
From Nasdaq: 2025-01-15 11:04:00
- Nutanix (NTNX) shares have outperformed the Computer and Technology sector and the Computers – IT Services industry, gaining 25.1% in the past six months. NTNX also outperformed industry peers like DXC Technology (DXC) and TaskUs (TASK).
- NTNX’s strong positioning in IT modernization with hybrid multi-cloud models drives its growth. The company offers innovative products like the Nutanix Cloud Platform and Nutanix Database Service. NTNX’s collaboration with AWS simplifies cloud migrations, but macroeconomic challenges impact sales cycles.
- In 2025, NTNX expects revenue growth of 14% to $2.435-$2.465 billion. The Zacks Consensus Estimate for fiscal 2025 earnings is $1.49 per share, with a 14.5% revenue increase. NTNX anticipates longer sales cycles in 2025 and 2026, affecting deal structures and outcomes.
- NTNX’s consistent earnings beat in the past quarters shows promise. With a Zacks Rank #3 (Hold), investors should wait for a better entry point. NTNX’s market position, product portfolio, and partnerships bode well amid macroeconomic challenges.
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Read more at Nasdaq: NTNX Gains 25% in 6 Months: Here’s Why You Should Hold on to the Stock