Nutanix Inc. NTNX is set to report its first-quarter fiscal 2017 earnings on Nov 29, 2016. This will be the company’s first earnings call since it went public on Sep 30. The enterprise cloud platform provider raised almost $238 million by selling 14.87 million shares at a price of $16.00 per share.
Although the stock surged 131.3% to close at $37.00 on debut, the share price has significantly come down in the last couple of months. Since Sep 30, the stock is down 8.11% as compared with the Zacks It-Services industry decline of 0.43%.
Nutanix’s enterprise cloud platform “converges traditional silos of server, virtualization and storage into one integrated solution and can also connect to public cloud services.” The company’s offerings include two software products Acropolis and Prism, which are delivered on x86 servers.
In fiscal year 2016...