This cloud name may rebound after a fall from recent highs. From a fundamental perspective, their shift to subscription-based revenue bodes well for their long term growth.
That recent rally was unreasonable enthusiasm due to the change of CEO, etc.
For long term, it is a speculative bet on this company's disruptive model overtaking VMware which is still the major player. Nutanix company is known to spend a lot to keep up. Also their employees aren't parsing this company that much on Blind (internal politics)
For short term the price of over 24 is too high IMO. If it was around 20, it might be a buy.
Right now it is still a bit far from their next earning
SpinTrades
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@iridethistrain, Thanks for that input I had not seen that! As cloud was rallying this was starting to show some strength but following the FSLY news it remains to be seen.
invest_in_self
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@Spindle2060 Just want to add that I am not bearish on this company. Their product is fine and I saw they overtook VMware at the Gartner Magic Quadrant this year. I hope they do well and boom
For long term, it is a speculative bet on this company's disruptive model overtaking VMware which is still the major player. Nutanix company is known to spend a lot to keep up. Also their employees aren't parsing this company that much on Blind (internal politics)
For short term the price of over 24 is too high IMO. If it was around 20, it might be a buy.
Right now it is still a bit far from their next earning