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Fly News Breaks for September 21, 2018
NTNX
Sep 21, 2018 | 07:51 EDT
Oppenheimer analyst Ittai Kidron reiterates an Outperform rating and $70 price target on Nutanix (NTNX), telling investors in a research note to buy the weakness. Kidron says he came away from recent meetings with management confident in the company's opportunity, strategy, execution, and competitive position. Takeaways from the meetings include that Google (GOOG, GOOGL) is not likely to compete with Nutanix, and that opex investment is likely to remain high, but balanced against sales productivity and free cash flow.
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