Nutanix, Inc. (NASDAQ:NTNX) runs in leading trade, it jumping up 6.40% to traded at $40.53. Firsthand Technology Value Fund, Inc. (SVVC) recently reported that Nutanix, a Fund holding since May 2015, went public recently through an initial public offering. The IPO was priced last evening at $16.00 per share, resulting in proceeds to the firm of about $238 million. The shares, which now trade on the NASDAQ under the ticker symbol “NTNX,” opened their first day of trading at $26.50.
“In what has been a challenging environment for tech IPOs, we are excited about the successful public debut for Nutanix,” stated Kevin Landis, Firsthand’s CEO. “This marks the 7th IPO for our fund since its inception in 2011 and follows the successful exits of Mattson and Tapad earlier this year.”
Nutanix is a provider of so-called “hyperconverged” data center equipment that merges computing, storage, and networking capabilities in a single piece of equipment. The firm’s products offer corporate consumers access to technologies same to those used by Google, Amazon, and Facebook in their own data centers.
Crown Castle International Corp. (NYSE:CCI) kept active in under and overvalue discussion, CCI holds price to book ratio of 4.41 that presents much better indicator to find market price of a share price over its book value of equity for investment valuation. In addition, the firm has price to earnings ratio of 90.50, which is authentic method to judge but not universal for all situation.
Fundament/ News Factor in Focus
Taking look on ratio analysis, CCI has forward price to earnings ratio of 62.49, compare to its price to earnings ratio of 90.50. The co is presenting price to cash flow as 151.29 , the low single digit may indicate stock is undervalued and vise versa. On other hand, keeping in mind stable cash flows but few growth prospects make traders to value lower.
The firm has price volatility of 1.64% for a week and 1.74% for a month. Its beta stands at 0.30 times. Narrow down four to firm performance, its weekly performance was -4.34% and monthly performance was -4.49%.