Has Nutanix Found a Game Changer?
October 10, 2017 by Chris LangeNutanix Inc. (NASDAQ: NTNX) led the tech sector on Tuesday after the company announced that its Enterprise Cloud Platform software has been certified to run Cloudera Enterprise workloads through the Cloudera Certified Technology Program. This will allow for the company to add a new level of flexibility to its information technology (IT) infrastructure without losing its simplicity or scalability.
Ultimately through this certification, joint customers can reduce management complexity and derive more value by deploying and managing their Cloudera analytics workloads on the market’s leading hyperconverged software platform. IT leaders can now run intensive big data jobs in their own private cloud data center.
In simpler terms, by bringing an advanced cloud-like infrastructure to run Cloudera big data projects, joint Nutanix and Cloudera customers can move past traditional analytics and infrastructure environments to a more modernized big data application environment.
Following this certification, joint customers will now be able to run Cloudera workloads on an on-premises, elastic, software-driven infrastructure that can scale on-demand, one node at a time. And because Cloudera workloads can run on the same shared infrastructure as other workloads, IT teams can reduce costs and focus their attention on strategic projects, rather than managing multiple silos of underutilized infrastructure.
Philippe Marinier, vice president, Business Development at Cloudera, commented:
Today’s IT teams have to ensure their private cloud infrastructure delivers the necessary scalability and performance to handle the newer generation of mode 2 applications. By certifying the Nutanix Enterprise Cloud Platform, we’re empowering our customers to essentially make their infrastructure invisible, allowing them to focus on extracting value from their valuable business data using Cloudera Enterprise.
Excluding Tuesday’s move, Nutanix has underperformed the broad markets, with the stock down about 12% year to date. Over the past 52 weeks, the stock is down closer to 39%.
Shares of Nutanix were last seen up 12% at $26.20, with a consensus analyst price target of $29.14 and a 52-week range of $14.38 to $35.90.
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