Strong Operational Performance Steers Analyst Confidence in Nutanix (NTNX)

Core Insights - Nutanix, Inc. (NASDAQ:NTNX) is recognized as an oversold global stock with potential for investment [1] - The company reported a 13% year-over-year revenue growth in Q1, totaling $670.6 million, which was slightly below expectations due to deferred deal start dates [2] - Analyst Sanjit Singh from Morgan Stanley maintained a "Buy" rating while adjusting the price target to $82, citing strong operational performance and growth metrics [2] Financial Performance - Nutanix's fiscal Q1 2026 results showed resilient demand for its hybrid multicloud platform, with bookings slightly exceeding expectations [3] - Free cash flow for the quarter was reported at $174.5 million, an increase from $151.9 million in Q1 2025 [3] - Non-GAAP net income per share (diluted) was $0.41, reflecting a year-over-year increase of $0.05 [4] Operational Strength - The company achieved an 18% growth in Annual Recurring Revenue (ARR) and a 17% expansion in net-new ARR [2] - Management maintained FY26 operating margin guidance and raised the free cash flow outlook for the year, indicating confidence in future performance [4] - Continued momentum is supported by expanded collaborations with partners such as Dell and Microsoft [4] Customer Base - Nutanix serves over 29,000 customers globally, focusing on delivering a unified hybrid multicloud software platform [5]