Followers | 49 |
Posts | 3878 |
Boards Moderated | 0 |
Alias Born | 09/14/2007 |
Tuesday, September 19, 2017 12:36:23 PM
Jayson Derrick , Benzinga Staff Writer FOLLOW
September 18, 2017 2:41pm Comments
Bank of America's Wamsi Mohan met with some of Nutanix Inc's most senior executives, including chief financial officer, Duston Williams, and head of investor relations, Tonya Chin. The main takeaway from the investor meeting was that the company's long-term opportunity remains unchanged.
Mohan maintains a Buy rating on Nutanix's stock boos with a price targeted from $30 to $35 as the company remains in "hyper growth mode." Specifically, after a 63-percent revenue growth rate in fiscal 2017 there is still room for the company to grow 35 percent next year with no incremental investments. Gross profit dollar growth is also projected to be above 40 percent over the next two years.
Nutanix's executives explained that the legacy 3-tier infrastructure represents a $100 billion total addressable market, the analyst noted. The company expects to move to a Hybrid cloud model and gain share in the space given its three key areas of differentiation, including simplicity, scalability and choice.
"Williams noted that the hardware on the HyperConverged appliance (i.e. servers) was
commoditized a while ago, and was followed by a commoditization of the Hypervisor itself," Mohan wrote (see his track record here). "The real value-add for Nutanix is in the software and up the stack. The company is nipping at the software-defined-networking capabilities of NSX (VMware's SDN), and is adding features like micro-segmentation within network security. The ultimate goal remains to provide a cloud Operating System that can manage workloads by their
characteristics and move them to the most efficient destination."
Finally, Nutanix's investors will likely rerate the stock's multiple higher as the company is viewed more of a software asset company as opposed to a hardware company.
At time of publication, shares of Nutanix were up 4.04 percent at $22.43.
https://www.benzinga.com/analyst-ratings/analyst-color/17/09/10069179/nutanix-is-still-in-hyper-growth-mode-what-to-expect-ov
Recent NTNX News
- Nutanix Announces Date and Conference Call Information for Third Quarter Fiscal Year 2024 Financial Results • Business Wire • 05/02/2024 08:05:00 PM
- Nutanix Study Finds Public Sector IT Investment Focused on AI, Ransomware Protection, and Operational Efficiency • Business Wire • 04/30/2024 01:00:00 PM
- Nutanix Study Finds AI, Security, and Sustainability are Driving the Need for IT Infrastructure Modernization in Healthcare • Business Wire • 04/17/2024 01:00:00 PM
- Nutanix Announces 2024 .NEXT Event Lineup: Say “Yes” to Hybrid Multicloud • Business Wire • 04/08/2024 01:00:00 PM
- Nutanix Files Theft of Intellectual Property Lawsuit Against Tessell, Inc. • Business Wire • 03/20/2024 08:37:00 PM
- Nutanix Study Finds AI, Security, and Sustainability Are Major Drivers for IT Modernization • Business Wire • 03/20/2024 01:00:00 PM
- Wipro Expands Partnership with Nutanix to Launch a New Nutanix Business Unit • Business Wire • 03/11/2024 12:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 03/07/2024 09:07:13 PM
- Nutanix to Present at Upcoming Investor Conference • Business Wire • 02/29/2024 09:05:00 PM
- Snowflake Stock Plummets 20.3% After CEO Transition; C3.ai, Okta, and Duolingo Surge Post-Strong Quarterly Reports, and More • IH Market News • 02/29/2024 11:09:45 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/28/2024 09:06:00 PM
- Nutanix Reports Second Quarter Fiscal 2024 Financial Results • Business Wire • 02/28/2024 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 09:35:36 PM
- Nutanix Announces Date and Conference Call Information for Second Quarter Fiscal Year 2024 Financial Results • Business Wire • 02/01/2024 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 10:03:16 PM
- Nutanix to Present at Upcoming Investor Conference • Business Wire • 01/09/2024 09:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 12:27:49 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 12:10:59 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/18/2023 09:17:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/13/2023 12:03:07 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/12/2023 09:39:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/12/2023 09:36:51 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 09:09:16 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/07/2023 09:06:40 PM
- Pre-Market Surge for Snowflake, Salesforce, Nutanix; ASML’s New CEO; Occidental’s CrownRock Negotiations • IH Market News • 11/30/2023 11:36:49 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM