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Sept. 9, 2019, 8:35 a.m. EDT

Nutanix stock gains after double upgrade at Susquehanna

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By Emily Bary

Susquehanna analyst Mehdi Hosseini bumped his rating on Nutanix Inc. shares /zigman2/quotes/207209171/composite NTNX +3.10% up two levels on Monday, to positive from negative. The stock is up more than 6% in premarket trading. "We argue the worst is behind Nutanix in its transition to a subscription model - which sets the stage for an attractive (and predictable) recurring billing/revenue stream, while our competitive concerns have eased, as we believe Nutanix can successfully "coexist" with VMware /zigman2/quotes/209864107/composite VMW +1.01% within VMware's installed base," Hosseini wrote. He's increasingly upbeat about Nutanix's ability to hit its calendar 2021 target calling for $3 billion in billings. Hosseini also turned positive on shares of NetApp Inc. /zigman2/quotes/209297588/composite NTAP +2.10% and Pure Storage Inc. /zigman2/quotes/207052581/composite PSTG +0.18% , both of which are up premarket. Nutanix's stock has dropped 42% on the year, as the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.78% has risen 19%.

/zigman2/quotes/207209171/composite
US : U.S.: Nasdaq
$ 23.95
+0.72 +3.10%
Volume: 1.23M
July 8, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.64 billion
Rev. per Employee
$310,451
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/zigman2/quotes/209864107/composite
US : U.S.: NYSE
$ 147.00
+1.47 +1.01%
Volume: 1.23M
July 8, 2020 4:00p
P/E Ratio
9.80
Dividend Yield
N/A
Market Cap
$60.98 billion
Rev. per Employee
$413,548
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/zigman2/quotes/209297588/composite
US : U.S.: Nasdaq
$ 43.76
+0.90 +2.10%
Volume: 2.01M
July 8, 2020 4:00p
P/E Ratio
12.34
Dividend Yield
4.39%
Market Cap
$9.51 billion
Rev. per Employee
$601,456
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/zigman2/quotes/207052581/composite
US : U.S.: NYSE
$ 17.10
+0.03 +0.18%
Volume: 5.96M
July 8, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.52 billion
Rev. per Employee
$647,535
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/zigman2/quotes/210599714/realtime
US : S&P US
3,169.94
+24.62 +0.78%
Volume: 2.39B
July 8, 2020 4:58p
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