Nutanix: High Valuation, Proceed With Caution (Rating Downgrade) [Seeking Alpha]
Nutanix, Inc. - Class A (NTNX)
Last nutanix, inc. - class a earnings: 2/26 04:02 pm
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US:NASDAQ Investor Relations:
ir.nutanix.com/company/investors/default.aspx
Company Research
Source: Seeking Alpha
There are risks to consider, including slowing growth rates and uncertain macro pressures which are causing deal closings to elongate. With NTNX's valuation at 6x revenue and signs of weakening growth, it may be prudent to lock in gains and invest elsewhere. With the S&P 500 continuing to show no slowdown in momentum, there's a growing argument to be cautious with our portfolios. I have more than 30% of my holdings socked away in short-term bonds and cash, waiting for a better time to deploy the capital back into equities: and within the stocks that I'm holding, I've been cautious to prune off recent winners that have grown into outsized valuations. Nutanix ( NASDAQ: NTNX ) is one of these names. The hyperconverged infrastructure software company has been on a tear this year, aided by AI tailwinds. Year to date, shares of Nutanix have jumped more than 40% as the company signs GPT-related deals to fuel its growth trajectory. I last wrote a bullish opinion on Nutanix back in De
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NTNX
News
- Nutanix Study Finds Public Sector IT Investment Focused on AI, Ransomware Protection, and Operational Efficiency [Yahoo! Finance]Yahoo! Finance
- Nutanix Study Finds Public Sector IT Investment Focused on AI, Ransomware Protection, and Operational EfficiencyBusiness Wire
- Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now [Yahoo! Finance]Yahoo! Finance
- Nutanix (NTNX) Flat As Market Sinks: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Rubrik's $5.6 Billion IPO Is Latest Win For The ‘IIT Mafia,' A Group Of Indian Engineers Turned CEOs [Forbes]Forbes
NTNX
Earnings
- 2/28/24 - Beat
NTNX
Sec Filings
- 4/11/24 - Form 4
- 4/10/24 - Form 144
- 3/25/24 - Form 4
- NTNX's page on the SEC website