Nutanix Stock, Up Over 200% on the Year, to Continue Rally on Software Transition

Cloud computing software provider Nutanix Inc, already up 49% year-to-date (YTD) and a whopping 227% over the most recent 12 months, has sharply outperformed the broader S&P 500’s 1.5% decline and 11% gain over the same respective periods. The nine-year old company, which sells hyper-converged infrastructure appliances and software-defined storage, could see its stock gain another 22% over 12 months from its closing price of $52.51 on Apr 24, according to one team of bulls on Wall Street.