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5 Reasons Why Nutanix Stock Is Soaring

From new focus on hyperscale public cloud provides like AWS to transition from hardware to software and services, here are five reasons why Nutanix stock is spiking today.

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Why Nutanix Stock Is Up After Flat Revenue Growth

Nutanix’s stock is surging after the hybrid cloud software and services specialist reported a solid first fiscal quarter Monday night. The San Jose, Calif.-based company’s stock climbed upwards of 21 percent in after-hours trading and now sits at $33.60 per share as of Tuesday afternoon, up from $28.75 per share at the market close on Monday.

What’s interesting is Nutanix’s stock spike came after the company reported basically flat revenue year-over-year growth of $315 million during its first fiscal quarter, which ended Oct. 31, 2019, as well as a GAAP net loss of $229 million.

Here are the five reasons why investors are betting on the hyperconverged infrastructure pioneer.

 
 
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