We recently published a list of Was Jim Cramer Right About These 12 Stocks? In this article, we are going to take a look at where Nutanix, Inc. (NASDAQ:NTNX) stands against other stocks that Jim Cramer discusses.
Back in 2024, on May 217, a caller asked if Nutanix, Inc. had more room to run after a sharp rally. Cramer noted the market’s love for enterprise software but cautioned on valuation.
“Nutanix is what the market wants right now. It’s enterprise software. Enterprise cloud platforms. People can’t get enough of it. They don’t seem to care about the valuation — they just buy, buy, buy. I have too much discipline to recommend that stock at this level.”
A close-up of a laptop screen displaying cloud platform application software.
Cramer was wrong to be skeptical as the stock is up 20.01% since.
Nutanix, Inc. has impressed the market with recurring revenue growth and demand for hybrid cloud and storage solutions.
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This article is originally published at Insider Monkey.
