Volver a la clasificación

Nutanix, Inc. (NTNX)

POSITIVE
TechnologySoftware - InfrastructureUnited States

Fundamental

72

Precio

$66.30

Capitalización Bursátil

$18.02B

Parte 1 · Cuánto vale la empresa

Resumen

Nutanix sells software that lets a company run its own private cloud on standard servers instead of renting capacity from Amazon, Microsoft or Google, or instead of buying expensive specialized storage hardware. The software pools compute, storage and virtualization into a single system that IT staff can manage from one console. It does not make the servers itself: customers buy the hardware from partners like Dell, Lenovo or HPE and install Nutanix's software on top of it.

Cómo genera ingresos

Nutanix sells software licenses and support as term subscriptions rather than one-time purchases, typically for three or five years, most of it recognized upfront when the contract starts with the remainder recognized ratably as support and services are delivered over the term. Most sales go through the same server makers and distributors whose hardware runs Nutanix's software, and through IT resellers, rather than direct to end customers, so its growth depends heavily on how well those partners choose to sell it.

Ingresos por segmento

Support, Entitlements and Other Services52.1%

Technical support, software updates and other services revenue, recognized gradually over the life of the subscription rather than upfront.

Product Revenue47.9%

Upfront software license fees recognized when a multi-year subscription contract begins, covering the core Nutanix Cloud Platform software.

Ventaja competitiva

Costes de cambio · Estrecha

Once a company's virtual machines, storage and data run on Nutanix's platform, migrating away means re-architecting how servers are provisioned and risking downtime — the same friction that has driven customers away from VMware since Broadcom raised its prices. That friction protects Nutanix's installed base, but it is not unique: Nutanix itself is winning share by exploiting exactly this dynamic against a larger incumbent.

Qué impulsa la demanda

Moderadamente cíclico

Demand depends on corporate IT budgets for data-center and private-cloud infrastructure, which slow when companies cut capital spending, but a large share of revenue comes from renewing multi-year subscriptions already in place rather than winning entirely new business each quarter. The bigger swing factor recently has been customers leaving VMware after Broadcom's price increases, a one-time tailwind rather than a recurring driver.

Riesgos clave

  • Reliance on channel distributors and OEM hardware partners — Most sales go through distributors and hardware partners like Dell and Lenovo rather than direct to customers, and Nutanix's software depends on those partners' hardware being available and willing to bundle it.
  • A one-time competitive tailwind may fade — Recent growth has been boosted by customers leaving VMware over Broadcom's pricing changes; once that migration wave runs its course, Nutanix must generate growth from new demand rather than a rival's mistake.
  • Corporate IT spending cycles — New infrastructure purchases slow when companies cut capital budgets, and a large upfront-license component of revenue makes results more sensitive to the timing of big deals than a purely ratable subscription model would be.
  • Competition from public cloud and hyperconverged rivals — Customers can choose to move workloads to a public cloud provider instead of running private infrastructure at all, and rivals including VMware, Microsoft and smaller hyperconverged vendors compete for the same budgets.

Concentración de clientes

Nutanix sells mostly through a small number of large distributors rather than directly; in prior fiscal years its two largest distributors together represented close to half of revenue, though the company has not disclosed an updated figure for fiscal 2025.

Los argumentos a favor

Buyers argue that the exodus from VMware after Broadcom's price increases gives Nutanix years of migration business still to capture, that its subscription model builds a growing base of recurring renewal revenue, and that private and hybrid cloud remain a durable alternative to renting everything from a public cloud provider.

Los argumentos en contra

Sellers fear that the VMware migration tailwind is temporary and growth slows once it fades, that heavy reliance on distributors and hardware partners limits Nutanix's control over its own sales motion, and that public cloud providers keep pulling workloads away from private infrastructure altogether.

Written by the editors, published on 18 de agosto de 2026

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Balance y Liquidez

Ingresos

$2.75B

Últimos 12 meses (hasta 30/4/2026)

Beneficio Neto

$276M

Últimos 12 meses (hasta 30/4/2026)

Flujo de Caja Libre

$750M

Patrimonio Neto Total

$-695M

Pasivo Total

$3.98B

Ratio de Liquidez

1.78

Cobertura de Intereses

-

Deuda/EBITDA

6.25

Beneficio Por Acción

Ingresos y Beneficio Neto

Flujo de Caja Libre

Desglose de Ingresos

Estado histórico

Márgenes en el tiempo

La deuda en el tiempo

Cuánto pesa la deuda

Cuadro de crecimiento

Crecimiento — Ingresos

Estimación de Valor Justo

Sobrevalorado

Valor Justo

$46.61

Precio Actual

$66.30

Margen de Seguridad

-42.2%

Rango de Valor Justo

$30.30 - $62.93

Métodos de Estimación

Analyst Target:$61.71
DCF:$70.53
PE-based:$25.80
Graham Growth:$15.47
EPV:$8.04
Consenso de Analistas:Comprar (15B / 10H / 0S)
Última Sorpresa de Resultados:+28.63%

Métricas de Valoración

Ratio P/E

69.46

ROE

-27.1%

Ratio P/B

-

P/FCF

23.38

Margen Bruto

87.1%

ROIC

9.5%

Radar de Rentabilidad

Value Creation (Economic Moat)

ROIC

9.5%

WACC

7.4%

ROIC − WACC

+2.1 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Criterios de Análisis Fundamental

Superado (17)

  • EPS shows upward trend
  • Price CAGR 9.80%
  • ROIC 9.5%
  • Gross Margin 87.1%
  • P/FCF 23.38
  • Operating Margin 8.6%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Revenue Growth 5Y 14.2%
  • Analyst Consensus 60% Buy
  • Earnings Surprise avg 15.3%
  • Earnings Quality (OCF/NI) 2.98
  • Net Margin Trend 10.0% vs 1.0%
  • Piotroski F-Score 7/9

Fallido (4)

  • Debt/EBITDA
  • DCF valuation (Overvalued)
  • ROE -321.3%
  • Share Dilution 18.4%

No disponible (6)

  • P/B Ratio NaN
  • Dividend Payout NaN%
  • Debt/Equity ratio
  • Interest Coverage
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)

Piotroski F-Score

7/9

Solidez financiera fuerte

score
criteria

Calidad de los Beneficios

2.98

Alta calidad: beneficios respaldados por efectivo

Dilución de Acciones

18.4%

Emitiendo nuevas acciones, diluyendo la participación

Gobernanza

Equipo Directivo

NombreCargoEdad
Dr. Rajiv Ramaswami Ph.D.CEO & Director59
Ms. Rukmini SivaramanPrincipal Accounting Officer & CFO43
Mr. Brian Michael Martin J.D.Chief Legal Officer63
Mr. Tarkan ManerPresident & Chief Commercial Officer55
Ms. Mandy DhaliwalChief Marketing Officer-
Ms. Jennifer LepirdChief People Officer-
Mr. Dave GwynSenior Vice President of Worldwide Channels & Customer Success-
Mr. Inder SidhuChief Customer Experience Officer65
Mr. Sammy ZoghlamiSenior Vice President of Sales in EMEA-
Mr. Andrew BrindedChief Revenue Officer-

Riesgo de Auditoría

4

Riesgo del Consejo

2

Riesgo de Compensación

3

Riesgo de Derechos del Accionista

2

Parte 2 · El precio y el momento de entrar

Esta parte no sirve para saber si la empresa vale: sirve para elegir cuándo comprarla, una vez que los fundamentales te han convencido. Dentro: análisis técnico, potencial, caídas históricas, exposición gamma.

Latest News

Recent headlines for NTNX, sourced from Markets Gazette.

  • 5/27/2026NEUTRAL
    Nutanix Q3 2026 Earnings Call: Complete Transcript

    Nutanix Inc. held its Q3 2026 earnings call on May 27, 2026. The transcript of this call is now available, providing detailed insights into the company's financial performance, strategic initiatives, and future outlook. Investors and analysts can review the discussion for a comprehensive understanding of Nutanix's operational status and market positioning. The availability of the full transcript allows for a deeper dive into management's commentary on revenue, profitability, and growth drivers.

  • 2/26/2026NEGATIVE
    These Analysts Cut Their Forecasts On Nutanix After Q2 Results

    Analysts have reportedly lowered their forecasts for Nutanix Inc. (NTNX) following the company's second-quarter results. While some investment banks, including Wells Fargo, Needham, and Morgan Stanley, maintained their previous ratings, the overarching market sentiment, as indicated by the news title, points to a reduction in expectations. This development suggests potential downward pressure on the stock's future performance, as expert projections often influence investor confidence and purchasing decisions. Investors should closely monitor the company's upcoming actions and market reactions, as a downgrade in forecasts can precede periods of volatility or corrections.

via Markets Gazette