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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/lastsale NTNX -1.38% 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/lastsale VMW -1.04% 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/lastsale NTAP -5.54% and Pure Storage Inc. /zigman2/quotes/207052581/lastsale PSTG -8.37% , 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 -1.51% has risen 19%.

/zigman2/quotes/207209171/lastsale
US : U.S.: Nasdaq
$ 14.33
-0.20 -1.38%
Volume: 2.69M
April 3, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.79 billion
Rev. per Employee
$310,451
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/zigman2/quotes/209864107/lastsale
US : U.S.: NYSE
$ 116.97
-1.23 -1.04%
Volume: 1.33M
April 3, 2020 6:30p
P/E Ratio
7.65
Dividend Yield
N/A
Market Cap
$48.89 billion
Rev. per Employee
$413,548
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/zigman2/quotes/209297588/lastsale
US : U.S.: Nasdaq
$ 37.34
-2.19 -5.54%
Volume: 2.00M
April 3, 2020 4:00p
P/E Ratio
8.78
Dividend Yield
5.14%
Market Cap
$8.26 billion
Rev. per Employee
$601,456
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/zigman2/quotes/207052581/lastsale
US : U.S.: NYSE
$ 10.62
-0.97 -8.37%
Volume: 3.61M
April 3, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.84 billion
Rev. per Employee
$647,535
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/zigman2/quotes/210599714/realtime
US : S&P US
2,488.65
-38.25 -1.51%
Volume: 3.59B
April 3, 2020 5:10p
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