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Nutanix, Inc. (NTNX)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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17.77+0.51 (+2.95%)
At close: 04:00PM EDT
18.00 +0.23 (+1.29%)
After hours: 07:58PM EDT
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  • V
    Veeru
    Any further take on jobs cuts from Nutanix. I think it is always sad to see the layoff however it is also an indication of how serious the current CEO is on making the company profitable.
  • R
    Raymond
    Fidelity, Vanguard, and Blackrock have filed their 13Fs. Fidelity's US and international subsidiary companies collectively bought around 1.5m shares during April-May-June. Vanguard bought 2.1m shares, and Blackrock bought 1.1m. The stock price can continue to move higher with heavyweight investors buying.
    Bullish
  • R
    Raymond
    Primecap in Pasadena has filed their 13F. They bought close to 2 million shares in Q2, and owned a total of 6.1m shares as of June 30. Their position in NTNX is larger than their position in Palo Alto Networks, McDonalds, or Salesforce. Obviously they like the stock.
    Bullish
  • R
    Raymond
    Industrial Alliance Investment Management in Quebec has filed their 13F. During April-May-June they bought 227,000 shares, and they owned a total of 687,000 shares as of June 30. This is a large position for this investor, their position in NTNX is larger than their position in
    Starbucks, Nike, Walmart, and Exxon. A nice vote of confidence for NTNX.
    Bullish
  • J
    Jim
    About time

    On August 9, 2022, Nutanix, Inc. (the "Company") announced a plan to reduce its global headcount by approximately 270 employees, which represents approximately 4% of the Company's total employees, following a review of its business structure and after taking other cost- cutting measures to reduce expenses. The headcount reduction is part of the Company’s ongoing efforts to drive towards profitable growth. The Company expects to complete substantially all of the headcount reduction by the end of the fiscal quarter ending October 31, 2022. As a result of the headcount reduction, the Company currently estimates that it will incur a pre-tax charge in the range of $20 million to $25 million during the fiscal quarter ending October 31, 2022 consisting of one-time severance and other termination benefit costs, all of which are expected to result in future cash expenditures
  • A
    Andy
    Are speculations about a reorganization and sale allowed here?
  • W
    William
    Hopefully we see a steady climb leading up to ER. Figure we could see $19-$20. 0The real question will be to sell right before ER or wait.
  • T
    Theo
    Will they show a profit this quarter or next? Thoughts?
  • R
    Raymond
    A 13F has been filed by the Bank of Montreal. They bought around 400,000 shares of NTNX during April-May-June, and owned a total of around 500,000 shares as of June 30. Obviously they think that now is the time to be buying this stock.
    Bullish
  • J
    Jim
    Updating Fourth Quarter and Full Year Fiscal 2022 Financial Outlook
    Nutanix today is also updating its outlook for its fiscal fourth quarter and full year fiscal 2022 issued on May 25, 2022. Revenue, ACV billings and non-GAAP gross margin are expected to be at or above the high end of the respective prior ranges and non-GAAP operating expenses are expected to be in line with the prior ranges.
  • R
    Raymond
    Nordea, which has $75b under management in Stockholm, has filed their 13F. During April-May-June, they added around 190,000 shares to their position, and they owned a total of around 500,000 shares as of June 30. Obviously they continue to like the stock.
    Bullish
  • R
    Raymond
    Faiz Shakir, MD - Sales, India at Nutanix, a cloud software and hyperconverged infrastructure solutions provider, talks to Business Insider India in detail about emerging cloud models.

    Tell us how regulated industries, especially the banking sector players, are taking a relook at their cloud journeys?

    Banks are certainly evolving in their cloud adoption journey. More specifically, cloud adoption today among banks is truly a hybrid multi-cloud model, where they are trying to get the best out of both worlds. A recent Enterprise Cloud Index (ECI) report has revealed that 84% of enterprises in India prefer hybrid multi cloud as their ideal operating model, and that 58% are expecting to implement such environments within three years.

    From a Nutanix perspective, this is one market we have done particularly well in. Eight out of 10 banks in India use Nutanix for their hybrid cloud journey. In the last 12 months, our partnership with players like AWS, Azure and Redhat has made us an integral part of organisations’ cloud adoption journey.

    Could you talk more about some of the Indian banks that Nutanix works with and how they are leveraging hybrid multi cloud for digital transformation?

    Our work with RBL Bank, one of the fastest growing banks in India, is a case in point.

    RBL, being a new age bank, caters to the Gen-Z crowd with a rapidly growing credit card base. They also need to ensure that business continuity is in place at all times. But their legacy systems were not built to address the growing digital needs. As part of their IT transformation program, the bank partnered with Nutanix in 2018 to leverage hybrid cloud models. At the end of the program, the bank was able to reduce its time to market to a few hours from a few days. It also saw a significant increase in credit card sales and call center efficiency. The bank’s IT downtime is virtually eliminated while ensuring that costs are under tight control.

    You brought out the key aspect of controlling cost, which in a way is the elephant in the room. How are banks relooking at the public cloud from a cost point of view? Are organisations unable to achieve economic benefits as they mature in their public cloud adoption journey?

    Cloud repatriation – shifting away from public cloud to on-premise infrastructure - is a reality. Nutanix has been talking about it at a very early stage – that cloud repatriation is going to happen. In the last few years, the largest companies were made to believe that they could only be agile if they were ‘public cloud-first’ or ‘public cloud-only’. So, a lot of companies moved in that direction and a lot of those companies have come back and rethought through that journey. I am not implying that public cloud is not the way forward. I think public clouds are fantastic. But “public cloud only” is certainly not the way forward.

    Several of the banks that we work with have gone the repatriation route after having moved lock, stock and barrel to the public cloud initially. Cost is the biggest driver of cloud repatriation and hybrid cloud is becoming the de-facto choice for organisations in that context. Repatriation across verticals, and more so in banks, is massive. At Nutanix, we deal with these queries on a daily basis. Even the new-age, digital-native companies – for example, the fintechs, NBFCs etc – who are ‘born in the cloud’ are going to move to hybrid cloud. With the mounting costs and the prevailing economic conditions globally, they would be compelled to re-look at these factors.

    It's such an anomaly if you look at it. What is going so terribly wrong with public cloud costing?

    Long-term cost implications of public cloud have emerged as a predominant discussion in the industry. As organisations scale their cloud adoption and advance to matured usage, the initial benefits start to fade. As companies start consuming more public cloud services, it starts to have a major impact on their cost of revenue, according to studies. Then there is also a massive reality of shadow IT. Cloud usage is typically not controlled by the CIO’s (chief information officer) office. So managing and controlling the entire thing is a challenge. Public cloud is great as long as you have those guardrails, you can manage it well and you know exactly what you need. But leveraging public cloud for a longer duration, particularly for predictable applications, does not seem to be cost effective.

    For example, organisations on the public cloud end up paying the same cost for their test and development applications as they do for their highly-critical production applications. Nutanix have had customers who have saved up to 2.7X over three years by choosing a hybrid cloud model as opposed to a public cloud model only.

    How has Nutanix evolved from being an HCI (hyper-converged infrastructure) company to a hybrid multi-cloud enabler.

    We pioneered the concept of HCI and have been steadily evolving over the years to stay relevant in a hybrid multi-cloud world
    Bullish
  • A
    Alpha View
    It looks like the revised guidance of May was a very conservative reaction to a short term server availability issue. Semiconductor chip availability is improving for server hence the change of guidance.
  • R
    Raymond
    Connor, Clark, & Lunn in Vancouver, Canada has filed their 13F. During April-May-June they bought 193,000 shares of NTNX, and they owned a total of 733,000 shares as of June 30. The supply chain problems at the hardware partners are temporary, so they decided to take advantage of the decline in the stock price to add to their position.
    Bullish
  • R
    Raymond
    13Fs continue to come in. Seeing a lot of pension funds that like NTNX as a long term investment. The State of Illinois bought 38,000 shares in Q2, and owned a total of 90,000 shares as of June 30. North Carolina bought 10,000 shares during Q2, and owned a total of around 90,000 shares as of June 30. Arizona owned 58,000 shares on June 30, including a small number purchased in Q2. People that are investing retirement money do a lot of due diligence, so it's good to see these investors buying.
    Bullish
  • S
    Slaphappy
    Nice to see 17 again. Never thought I'd say that. lol
  • W
    William
    Its always 2 step forwards, 1.5 steps back. Yeesh. Nasdaq is down 1% and NTNX sheds 4%+
  • R
    Raymond
    Market strategists at Citi are out with a note on Tuesday saying that we are going to be seeing more short squeezes in more stocks. It looks to me like NTNX is definitely going to be one of these stocks. As of mid-May, NTNX short interest was 5.7m shares. Then the company reported the supply chain issue at the hardware partners, and the most recent short interest number, for mid-July, is 7.9m shares. Now that it looks like the supply chain issue is being resolved, the shorts are going to have to cover.

    Keep in mind that NTNX is a stock that Citi likes. During Jan-Feb-March, Citi bought 35,000 shares, and they owned a total of 120,000 shares as of March 31. Citi will be filing their 13F sometime between now and the 15th, so it will be interesting to see if they were adding to their position in Q2.
    Bullish
  • J
    Jim
    Huge opportunity for Nutanix going forward. They will be close to a profit for the 4th qtr.
  • R
    Raymond
    Landscape Capital, which has around $800m under management in New Jersey, has filed their 13F. The largest position for Landscape Capital as of June 30 was in, wait for it, Scotts Miracle-Gro. You can't make this stuff up. They did not own any shares of NTNX on March 31, then they came in as a new investor during April-May-June, and bought 116,000 shares. Not as large as their position in Scotts Miracle-Gro, but still a good sized position, larger than their positions in Hilton, Kroger, and Pepsi. A nice vote of confidence for NTNX.
    Bullish
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