NUTANIX INC - A (NASDAQ:NTNX) – A High Growth Momentum Stock with Strong Technical Setup

NUTANIX INC - A (NASDAQ:NTNX) stands out as a high-growth momentum candidate with a solid technical setup, making it an interesting stock for investors seeking both earnings momentum and favorable chart patterns. The company’s hybrid cloud platform has driven consistent growth, while recent price action suggests a potential breakout opportunity.

Growth Momentum Highlights

• Strong Earnings Growth: NTNX reported a 31.5% year-over-year increase in EPS (TTM), with recent quarterly EPS growth accelerating to 50% in the latest quarter.
• Revenue Expansion: Sales grew 16.1% over the past year, with the most recent quarter showing a 21.8% year-over-year increase.
• Positive Revisions & Surprises: Analysts have raised next-year EPS estimates by 6% over the past three months, and the company has beaten earnings expectations in all of the last four quarters by an average of 22.5%.
• Free Cash Flow Surge: FCF per share surged by 315% over the past year, reflecting improving profitability and cash generation.

Technical Strength & Setup

NTNX holds a Technical Rating of 8, supported by:

• A long-term uptrend, with the stock outperforming 87% of the market over the past year.
• Recent consolidation between $71.44 and $77.62, forming a potential breakout zone.
• A Setup Rating of 8, indicating a well-defined support level near $72.13-$73.14, providing a clear risk-management point.

The stock is trading near the upper end of its recent range, with resistance around $73.56-$76.16. A breakout above this zone could signal further upside.

For a deeper technical analysis, review the full NTNX technical report.

Our High Growth Momentum Breakout Setups screener lists more stocks with similar characteristics and is updated daily.

Disclaimer

This is not investment advice. The observations here are based on current data, but investors should conduct their own research before making decisions.