https://seekingalpha.com/article/4177132-nutanix-still-long-…
He points out that billings is key, and mentions that the hardware wind-down can mask some of the underlying growth in the recurring/software side.
Also mentions that the market is probably overreacting a bit to this short-term 1 quarter miss on the bottom line, which will essentially fade into oblivion and seem like a really silly reaction another 4-6 quarters from now (my words in that last phrasing).
Conclusion from the article:
The bottom line on Nutanix shares: the company is still firing on all cylinders as it achieves above-expected revenue and billings growth, despite the elimination of hardware revenues and a largely increased focus on software-only deals. Shares may see some turbulence over the next month as the company enters into a period with few catalysts for the stock, but any pullbacks in the shares should be bought.
volfan84
finally long NTNX as of today, also added some short-term $57.50 call options, which may have been premature with the 3-day rule…so contemplating throwing in an order to buy some more shares at $50 in the event the price falls any more while I am traveling next week