William Blair Starts Nutanix (NTNX) at Outperform

William Blair initiates coverage on Nutanix (NASDAQ: NTNX) with a Outperform rating.

Analyst Jason Ader commented, "We believe Nutanix is emerging as one of the winners in next-generation IT; the company pioneered the concept of hyperconverged infrastructure (HCI), a cloud-like solution to the high cost and complexity of today's traditional data centers. Our research indicates that an increasing number of enterprise and government customers see value in this new HCI architecture, which should enable Nutanix to take significant share within its $100 billion-plus addressable market. In effect, Nutanix has created a genuine, private cloud alternative to the public cloud that offers many of the benefits of public cloud (simplicity, agility, scalability) without some of the drawbacks (control, visibility, cost)."

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 $29.77 yesterday.

You May Also Be Interested In

• BofA Securities Starts GE Vernova (GEV) at Neutral, 'Multiyear turnaround amid positive demand backdrop'
• EQT Corp. (EQT) PT Lowered to $46 at Wolfe Research
• Kotak Downgrades 360 ONE WAM Ltd (360ONE:IN) to Add (2)