Look for Arista Networks (ANET), Red Hat (RHT) and ServiceNow (NOW) to host an analyst day this week, while Nutanix (NTNX) holds its annual user conference with product road maps, profit margin outlooks, revenue goals and new market opportunities all under the microscope.
XNutanix
For Nutanix and Arista Networks, it's a chance to ease worries for technology stock investors. Nutanix stock fell April 27 when a Bloomberg reported said it's having engineering delays with a new cloud computing offering. Nutanix is expected to hold a dinner meeting with analysts in tandem with the .Next user conference.
Nutanix's software manages network, storage and server infrastructure in private cloud-computing platforms, an emerging market called "hyperconvergence."
A Piper Jaffray analyst, meanwhile, speculated in a May 2 report that Nutanix makes a good acquisition target for Cisco Systems (CSCO).
"Cisco's M&A strategy will likely focus more on smaller, software-focused assets in the apps and security segments," Piper Jaffray analys Andrew Nowinski. "However, with VMWare (VMW) developing more networking solutions, we believe the strategic rationale for acquiring Nutanix is increasing."
Nutanix has been consolidating with a buy point of 55.61.
Arista Networks
Shares in Arista Networks, ranked No. 26 in the IBD 50 roster of growth stocks, fell 8.5% on May 4 after the size of its first quarter beat and guidance disappointed after a big run-up.
Analysts expect to hear more about Arista's upcoming products and marketing strategy. Analysts differ on whether Arista will target the so-called enterprise campus market, an industry term for selling networking gear for corporate networks that connect multiple buildings and branch offices.
Arista sells switches that speed up communications in racks of computer servers packed into data centers. Arista's primary customers are tech and internet companies. There's talk that Cisco has been gaining share in that high-performance part of the market.
Red Hat
Red Hat, ranked No. 19 on the IBD 50 roster of growth stocks, holds its Summit customer conference this week with an analyst day on Tuesday.
"Highlights will likely include an exciting new partnership announcement, a keynote from Microsoft's (MSFT) Scott Guthrie, executive VP of Cloud and Enterprise, and several new product announcements," said Matthew Hedberg, a RBC Capital analyst in a report.
Red Hat, a leader in in the maker of open source Linux software, has been ramping revenue from new products — OpenShift and OpenStack — for cloud computing. Red Hat has been consolidating with a buy point of 167.46.
ServiceNow
ServiceNow kicks off its Knowledge18 conference on Monday, along with an analyst day. ServiceNow belongs to IBD's Computer-Software Enterprise group, which is ranked No. 1 out of 197 industry groups.
As the software provider expands from its core business of information technology service management — also known as ITSM — into new markets, both margins and free cash flow outlooks are of interest to analysts. ServiceNow has set a 2020 revenue goal of $4 billion.
ServiceNow also has been consolidating with a buy point of 176.66.
YOU MAY ALSO BE INTERESTED IN:
Apple's Powerful Breakout Leads Top Moves By 5 Hot Stocks Now In Buy Range
Sell And Take Profits Or Hold? Here Are Several Guidelines To Follow
Chart-Reading Basics: How A Buy Point Marks A Time Of Real Opportunity
The post Arista, Red Hat, ServiceNow, Nutanix Strut Out The Goods For Analysts appeared first on Investor's Business Daily.
http://feedproxy.google.com/~r/BusinessRss/~3/Zj1gvneBdJc/
No comments:
Post a Comment