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Fly News Breaks for June 13, 2018
NTNX
Jun 13, 2018 | 09:43 EDT
RBC Capital analyst Matthew Hedberg raised his price target on Nutanix to $70 and kept his Outperform rating after his meetings with its management, saying the company is successfully navigating the transition to subscription revenue. The analyst also maintains his bullish view on the company's ability to "disrupt large areas of legacy" spending, including storage, compute, virtualization, security, and networking through an "easy-to-use and highly automated hybrid-cloud platform".
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