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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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Focus On Hyperscale Public Cloud Providers

In the past 18 months, Nutanix has begun focusing on running its software in hyperscale public cloud environments which was not even on the company’s radar a few years ago. Nutanix is looking to expand its presence in this market, according to Pandey. Hyperscale cloud providers like AWS, Google and Microsoft are spending billions each quarter on building and equipping new data centers.

“On the topic of hyperscaler platforms, we announced Nutanix clusters earlier this year to enable our software to run in public cloud data centers. Our approach to multi-cloud is architecturally different,” said Pandey. “So, as we go and really expand the surface area for software, we get into other battlegrounds that we hadn't thought about before.”

Pandey said he’s looking at Amazon’s highly anticipated AWS Outposts on-premise architecture as another inroad to expand Nutanix’s software market presence.

“I think, AWS definitely wants their hardware Outposts to really run our software,” said Pandey. “So, we hope to actually do a lot of that stuff in a way that is reliable and stable. One of the things that people don't know about us is how we tested the heck out of the flash drives coming out of the platform vendors and now our test suite is the industry standard. And we've kept failing many of the very large SSD providers because of our rigor. So, we want to apply very similar rigor when it comes to these platforms coming out from hyperscalers as well.”

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