Nutanix Is Turning the Corner

Nutanix Is Turning the Corner

Shares of Nutanix (NASDAQ: NTNX) touched a two-year high this week after the company hosted its Investor Day conference on Tuesday. After the company went through a years-long transition to a subscription software-as-a-service (SaaS) model, the fruits of those efforts are finally coming to bear. Wall Street cheered as the company outlined profitability targets, showing it would turn profitable sooner than expected.