Why Nutanix Stock Was Climbing This Week
Shares of Nutanix (NASDAQ: NTNX) were moving higher this week after the hyperconverged infrastructure specialist offered strong guidance in its fiscal third-quarter earnings report for the period ended April 30. According to data from S&P Global Market Intelligence, the stock was up 15.8% for the week as of Thursday's close. Nutanix underwent a multiyear transition to a subscription software company and a change in the way it measures and incentivizes sales, shifting its focus from total contract value to annual contract value.