Nutanix, Inc. (NTNX) - Stock Analysis

Last updated: Sep 6, 2026

Research Idea

Research content for general circulation. Not individualized advice. Methodology & Disclosures

Nutanix exceeded all fiscal Q4 guided metrics and delivered EPS of $0.60 versus $0.48 expected, 16% ARR growth, and strong free cash flow. VMware migrations and AI infrastructure demand helped shares gain 21.7% through August 27.

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Idea window: 8/27/2026 – 9/3/2026Sector: Technology

AI Analyst Overview

Last Price
$66.85
Market Cap
$18.24B
1D Return
-0.95%
YTD Return
+29.33%

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Valuation Metrics

P/E
12.1
P/B
26.0
P/S
6.4
EV/EBITDA
49.0
Div Yield
—

Fundamental Analysis

7.0

Key Financial Insights: • Strong Cash Flow • Negative Equity • Elevated Valuation NTNX offers strong margins and cash flow, but negative equity, debt exceeding liquidity, and elevated valuation multiples make it a higher-risk hold requiring sustained execution.

CashFlow
BalanceSheet

Price Behavior

6.0

Key Price Behavior Insights: • Constructive uptrend • Resistance test • Modest pullback Support Level: $66.30–$66.80 Resistance Level: $69.16–$69.84 NTNX remains constructive above $66.30 after an 8.6% last-month gain, but needs a sustained break above $69.16–$69.84 to extend upside; failure there may trigger consolidation.

Bullish
WatchResistance

Sentiment & News

7.0

Key News Insights: • Earnings beat • AI momentum • Supply risks Nutanix's earnings beat, ARR growth and AI-linked momentum drove a sharp rally, though supply constraints and slowing core growth remain key risks.

Nutanix
Earnings
AI

AI Summary

7.0
Positive

Nutanix has evolved into a high-margin, cash-generative hybrid-multicloud platform, but at ~51x earnings and ~38x EV/EBITDA, investors should buy only if they expect VMware migrations and cross-selling to sustain mid-teens-plus ARR growth despite server shortages delaying revenue conversion into FY2027.

CashFlow
ValuationRisk
VMwareMigration
AI summary updated 3 days ago

Description

Nutanix, Inc. is a San Jose–based provider of an enterprise cloud platform with a global customer base across industries such as finance, healthcare, manufacturing, retail and the public sector. Its software portfolio consolidates virtualization, storage, networking, Kubernetes cluster management, cloud governance, database automation and virtual desktop delivery, alongside professional services and support. The company was founded in 2009 and sells to enterprises and service providers across North America, Europe, APAC, the Middle East, Latin America and Africa.

Idea History

DateCloseTickerCompanySummaryStatusP/L
Aug 27Sep 3NTNXNutanix, Inc.
Nutanix exceeded all fiscal Q4 guided metrics and delivered EPS of $0.60 versus $0.48 expected, 16% ARR growth, and strong free cash flow. VMware migrations and AI infrastructure demand helped shares gain 21.7% through August 27.
Closed-2.5%
Research content for educational purposes only. Not investment advice. All decisions are your responsibility.