Fly News Breaks for January 17, 2019
NTNX
Jan 17, 2019 | 09:10 EDT
William Blair analyst Jason Ader says recent channel checks suggest a "strong" billings performance in Nutanix's fiscal Q2, which ends in January, after "somewhat disappointing" reported billings in Q1. Nutanix is seeing a continued strong demand environment for the hyper-converged infrastructure category from both new and existing customers as well as increasing deal sizes, Ader tells investors in a research note. He believes the company has "best-of-breed product positioning" and keeps an Outperform rating on the name. Further, Nutanix is a "highly strategic asset" with the potential for takeout interest from larger players that desire a best-of-breed private cloud/HCI platform, says Ader.
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