BTIG Starts Nutanix (NTNX) at Neutral

October 19, 2016 5:14 PM EDT
Get Alerts NTNX Hot Sheet
Price: $28.17 -6.26%

Rating Summary:
    10 Buy, 7 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
Trade NTNX Now!
Join SI Premium – FREE

Get daily under-the-radar research with's Stealth Growth Insider Get your 2-Wk Free Trial here.

BTIG initiates coverage on Nutanix (NASDAQ: NTNX) with a Neutral rating. Analyst Edward Parker said wait for a pullback.

The analyst explained, "We believe Nutanix is the category leader in hyper-converged infrastructure (HCI), a prominent emerging trend in which storage and compute assets are collapsed into a single tier. We see support for a multi-billion dollar business but are not yet convinced that a platform-level paradigm shift on the scale described by the company is poised to occur. We think core HCI could commoditize rather quickly, which means Nutanix will need to demonstrate differentiation in higher-level software services in order to drive a large scale high-margin business in a sustainable way. We believe the company’s strategy, product roadmap, and go-to-market capabilities are aligned well to go after this opportunity, but would be hesitant putting new money to work with revenue multiples at the high-end seen in systems infrastructure. We’d wait for pullbacks before recommending the stock."

For an analyst ratings summary and ratings history on Nutanix click here. For more ratings news on Nutanix click here.

Shares of Nutanix closed at $30.74 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, New Coverage

Related Entities


Add Your Comment