Why Nutanix (NTNX) Shares Are Soaring Today - Nutanix (NASDAQ:NTNX), Hewlett Packard (NYSE:HPE)

Hewlett Packard Enterprise Co HPE has expressed takeover interest in cloud computing company Nutanix, Inc NTNX.
HPE has held talks with Nutanix in recent months. Bloomberg reports.
San Jose, California-based Nutanix sells cloud software and services to companies.
On Wednesday, it reported revenue of $434 million for the first quarter of its fiscal year, topping estimates by 15%.
In September, Nutanix said it planned to implement a series of governance changes, including ensuring all directors stand for election each year and amending its shareholder voting rights.
In October, Nutanix weighed a sale after getting takeover interest.
Last month, activist investor Legion Partners Asset Management also encouraged the board to properly evaluate alternatives, including all potential partners, after reports of the inbound interest surfaced.
HPE projected revenue for the current quarter that beat analyst expectations, suggesting corporations continue upgrading their technology infrastructure in an uncertain economy.
Price Action: NTNX shares closed higher by 4.42% at $29.51 on Wednesday.