Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Nutanix, in their latest Q3 2024 earnings, reported robust results that outpaced the company's guidance.</li><li>This was primarily driven by steady demand for their solutions, particularly from businesses prioritizing digital transformation and infrastructure modernization initiatives, aiming to optimize their total cost of ownership or TCO.</li><li>Nutanix's quarterly revenue hit $525 million, and the Annual Recurring Revenue (ARR) climbed 24% year-over-year to $1.82 billion, indicating a healthy and growing customer base.</li></ul>

Nutanix, in their latest Q3 2024 earnings, reported robust results that outpaced the company's guidance.This was primarily driven by steady demand for their solutions, particularly from businesses prioritizing digital transformation and infrastructure modernization initiatives, aiming to optimize their total cost of ownership or TCO.Nutanix's quarterly revenue hit $525 million, and the Annual Recurring Revenue (ARR) climbed 24% year-over-year to $1.82 billion, indicating a healthy and growing customer base.

Nutanix Inc.: Growth in Annual Contract Value and Renewal Performance & Other Major Drivers

<ul><li>Over the quarter, Nutanix reported record revenue of $565 million, which surpassed guidance expectations, as well as an impressive annual recurring revenue (ARR) increment of 26% YoY reaching $1.74 billion.</li><li>Besides solid financial performance, the company also accomplished its first GAAP operating profitability in Q2 which showcased the effective workings of their subscription model.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Over the quarter, Nutanix reported record revenue of $565 million, which surpassed guidance expectations, as well as an impressive annual recurring revenue (ARR) increment of 26% YoY reaching $1.74 billion.Besides solid financial performance, the company also accomplished its first GAAP operating profitability in Q2 which showcased the effective workings of their subscription model.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Nutanix Inc.: What Are The 3 Biggest Challenges On Its Path? - Major Drivers

<ul><li>Nutanix, Inc. exceeded Wall Street's revenue and earnings expectations, surpassing anticipated results despite a persistent uncertain macro backdrop.</li><li>Exceeding guided metrics, Nutanix achieved significant quarterly revenue of $511 million, marking an annualized run rate surpassing $2 billion for the first time and an impressive 30% year-over-year growth in ARR to $1.7 billion.</li><li>Nutanix announced crucial enhancements to the Cloud platform, fortifying its capabilities against ransomware attacks on unstructured data.</li></ul>

Nutanix, Inc. exceeded Wall Street's revenue and earnings expectations, surpassing anticipated results despite a persistent uncertain macro backdrop.Exceeding guided metrics, Nutanix achieved significant quarterly revenue of $511 million, marking an annualized run rate surpassing $2 billion for the first time and an impressive 30% year-over-year growth in ARR to $1.7 billion.Nutanix announced crucial enhancements to the Cloud platform, fortifying its capabilities against ransomware attacks on unstructured data.

Nutanix Inc.: Redefining the Cloud Amidst Global Uncertainty! - Major Drivers

<ul><li>Nutanix Inc. managed to exceed the revenue expectations as well as the earnings expectations of Wall Street.</li><li>Notably, the company outperformed all guided metrics, achieving robust ACV billings growth and quarterly revenue.</li><li>Additionally, the company generated significant free cash flow growth compared to the previous fiscal year.</li></ul>

Nutanix Inc. managed to exceed the revenue expectations as well as the earnings expectations of Wall Street.Notably, the company outperformed all guided metrics, achieving robust ACV billings growth and quarterly revenue.Additionally, the company generated significant free cash flow growth compared to the previous fiscal year.

Nutanix Inc.: Can The GPT-In-A-Box Become A Pivotal Turning Point For The Company? - Key Drivers

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

<p>Some updated thinking on our shorts: We like the Teradata short setup into 2Q21, and think Tesla may finally be <em>safe</em> to short. Well, safe as it ever gets. Apple remains our preferred large cap short, while Disney we flip from long biased to short biased as Disney+ subscriber numbers have decelerated massively. </p><p></p><div class="content-highlight"><p>Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.  </p></div>

Some updated thinking on our shorts: We like the Teradata short setup into 2Q21, and think Tesla may finally be safe to short. Well, safe as it ever gets. Apple remains our preferred large cap short, while Disney we flip from long biased to short biased as Disney+ subscriber numbers have decelerated massively. Obex’s fundamental research process is focused on secular change in the TMT and Consumer sectors. We seek to differentiate between fundamental business analysis and security analysis. Before deciding if a security’s pricing and positioning merit a long or short position, we analyze the four pillars of business fundamentals (Secular Factors, TAM, Competitive Advantage, Business Model) in order to determine if this is a “good” or “not so good” opportunity.  

United States

Nutanix, Inc. designs and develops enterprise cloud platforms. The Company provides enterprise cloud platform solutions that converge traditional silos of server, virtualization, and storage into one integrated solution. Nutanix serves customers worldwide.

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Nutanix Inc (NTNX US)

Nutanix Inc.: Growth in Annual Contract Value and Renewal Performance & Other Major Drivers

Nutanix, in their latest Q3 2024 earnings, reported robust results that outpaced the company's guidance. This was primarily driven by steady...

Baptista Research

Nutanix Inc.: What Are The 3 Biggest Challenges On Its Path? - Major Drivers

Over the quarter, Nutanix reported record revenue of $565 million, which surpassed guidance expectations, as well as an impressive annual...

Baptista Research

Nutanix Inc.: Redefining the Cloud Amidst Global Uncertainty! - Major Drivers

Nutanix, Inc. exceeded Wall Street's revenue and earnings expectations, surpassing anticipated results despite a persistent uncertain macro...

Baptista Research

Nutanix Inc.: Can The GPT-In-A-Box Become A Pivotal Turning Point For The Company? - Key Drivers

Nutanix Inc. managed to exceed the revenue expectations as well as the earnings expectations of Wall Street. Notably, the company outperformed all...

Baptista Research

2H21 Obex Research Short Portfolio

We like the Teradata short setup into 2Q21, and think Tesla may finally be safe to short. Apple remains our preferred large cap short, while...

Aaron Gabin

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