- Nutanix Inc. ( NASDAQ: NTNX ) surged 24% after a report that the cloud-computing company is said to exploring a potential sale after receiving takeover interest.
- Nutanix ( NTNX ) is expected to see private equity and strategic buyer intertest, according to a WSJ report early Friday, which cited people familiar. There's no certainty a transaction will occur and a buyer will likely need to pay a significant premium to Nutanix's nearly $5 billion market cap.
- The WSJ report comes after some corporate governance changes announced late last month at Nutanix spurred some renewed takeover speculation .
- Piper Sandler analyst James Fish wrote in a note on Friday that he believes Nutanix ( NTNX ) may see $27-$30/share in a possible takeover.
- IBM-Red Hat ( IBM ), Cisco ( CSCO ), HP Enterprise ( HPE ) or private equity are the most likely buyers for Nutanix ( NTNX ), according to Fish.
- Also see SA contributor Bert Hochfeld's piece from last month entitled "Nutanix: Market Share Gainer In A Still-Hot Space."
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Why did Nutanix stock surge today? Reportedly exploring sale after takeover interest