Opinions
Keith Richards
Nutanix Inc
NTNX-Q
BUY ON WEAKNESS
Dec 01, 2017
$36.060
Stock price when the opinion was issued
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BUY ON WEAKNESS
He remembers when it was down in the low-$20's--when he bought it--and today it's at $53. It's in the Cloud, the software side. They got into hyperconverged infrastructure that allows the hardware in the Cloud's data centres to be updated. This stock has worked our well for him. He has a price target of $68. He wouldn't buy more here, but wait until it falls to the high-$40's.
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BUY ON WEAKNESS
A cloud stock that helps businesses modernizing their data centres by combining and consolidating server management into one package, which results in power and cheap. This has been a frustrating stock with management making endless strategy shifts. But last August, NTNX can a major investment and soon after a new CEO. The market roared, but now tech is out of fashion, so NTNX has plunged 25%. It just reported a strong quarter last Wednesday.
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Formed a cup and handle. The stock went parabolic in November, it's probably quite overbought and due for a small correction. Any correction would be a buying opportunity.