Nutanix (NTNX) is a leader in services for the rapidly growing hybrid cloud market segment. In 2019, the company became deeply undervalued due to stagnant revenue as a result of moving away from hardware sales and switching to a recurring revenue model. The underlying business remains solid though and it is likely to achieve strong revenue growth and margin expansion through operating leverage in coming years, which should see the share price continue to appreciate in coming years.
Market
Nutanix provides a range of services which enables infrastructure-as-a-service (IaaS). IaaS involves virtualized processors, physical servers,