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Fly News Breaks for November 28, 2018
NTNX
Nov 28, 2018 | 07:49 EDT
Stifel analyst Brad Reback said Nutanix reported "a nice start to FY19," noting its better than expected Q1 revenue and Q2 revenue guidance. While he continues to believe that secular tailwinds stemming from digital transformation, hybrid cloud adoption, and company-specific drivers should drive strong software growth in coming years, Reback lowered his price target on Nutanix shares to $55 from $64 to account for multiple compression across the group. He maintains his Buy rating on Nutanix.