Hyperconverged infrastructure company NTNX gapped higher on Friday after Goldman Sachs published a highly favorable report on the company. It is currently at 22.2 so still in buying range using the low of the gap up as a selling guide. NTNX pioneered this technology in 2011 which provides networking and storage for businesses on a server. 18% of chief information officers (CIOs) say they expect to move to hyperconverged systems within two years, thus the space is quickly growing. NTNX's market cap of just over $3 billion means it has room to grow. Sales have been in the high double digit percentages over the last several quarters. Its main competition is in mega-cap companies such as CSCO, DELL, and VMW thus at a paltry $3 billion market cap could be ripe for a buyout.
Buyable Gap Up - NTNX 7-17-17
|Published:||17 Jul 2017 09:41 ET|
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2023 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.