Nutanix Cl A saw its IBD SmartSelect Composite Rating jump to 96 Tuesday, up from 94 the day before.
The upgrade means the stock is now outpacing 96% of all other stocks in terms of key performance metrics and technical strength.
Nutanix Stock has now climbed well above a proper buy zone after clearing the 33.73 buy point in a consolidation. In fact, according to a MarketSmith chart it has risen 40% past the entry as of this writing.
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The stock has an 81 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 81% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
NTNX Earnings
The company reported an 867% EPS gain for Q1. Revenue growth fell to 18%, down from 28% in the prior quarter.
Nutanix Cl A holds the No. 20 rank among its peers in the Computer Software-Enterprise industry group. Datadog, Cloudflare and ServiceNow are among the top 5 highly-rated stocks within the group.
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