NTNX offers a software platform that enables users to build their cloud network and platform in few clicks. There is the public cloud, and there's the private cloud. If a company choses to build their cloud privately and not share their data they will need to set up their own servers, Nutanix provides software that companies use to build and maintain their cloud, including software that for hybrid cloud, private and public. NTNX is expected to grow at roughly 15% a per year for the next 3 years. The company reported earnings after the bell today and beat on both top and bottom line. More importantly it provided guidance for FY 23 which was 5% higher than expected. When we consider the prospects of Nutanix and compare it to its competitors we come up with a fair value of $33 for the next 3 years.

Technicals there is a lot of resistance ahead between $20-$23 and the stock is already trading at $20.56 after-hours. If it can take those levels and the overall market improves it can move to $30 fast.