Nutanix, Inc. (NTNX) provides enterprise cloud platform solutions that converge traditional silos of server, virtualization, and storage into one integrated solution.
The company's software products include Acropolis that delivers performance distributed storage and application mobility solutions; and Prism, which delivers integrated virtualization and infrastructure management, operational analytics, and one-click administration solutions.
Its solutions address a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.
The company serves customers in a range of industries, including automotive, consumer goods, education, energy, financial services, healthcare, manufacturing, media, public sector, retail, technology, and telecommunications.
It also sells its services to service providers who utilize its platform to provide various cloud-based services to their customers.
Shares have formed a bullish "cup and handle" and are in the process of moving higher out of this formation. The formation is supported by the stock's 30-day moving average shown in brown.
52-Weeks Trading Range: $14.38 - $46.78
Entry Point: $23.50
Stop Loss: $22.15
Target Price: $25.85
NTNX closed at $21.43