Nutanix (NTNX) was a favorite of the markets until a while back when the company came out with issues of sales planning-led growth weakness. What seems to have compounded the issues for Nutanix is the transition to a subscription-based model, further depressing revenue and worrying the street. We think the stock may have been oversold with the stock falling almost 50% since its Q2 2019 earnings.
The markets also do not appear to be accounting for the partnership between Hewlett Packard Enterprise (HPE) and Nutanix in the hyperconverged infrastructure ((HCI)) market. In April