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 has moved to deepen its enterprise AI infrastructure strategy through the acquisition of France-based Ryax Technologies, announced on September 22, 2026.</li><li>Ryax brings AI-driven compute orchestration, GPU optimization, and smart scheduling capabilities that Nutanix plans to integrate into Nutanix Kubernetes Platform and Nutanix Enterprise AI.</li><li>The deal arrives just weeks after Nutanix reported a strong fiscal 2026 finish, with $2.85 billion in revenue, $2.55 billion in ARR, and $841 million in free cash flow, while management highlighted growing traction in AI, cloud-native workloads, external storage, and Nutanix Cloud Clusters.</li></ul>

Nutanix has moved to deepen its enterprise AI infrastructure strategy through the acquisition of France-based Ryax Technologies, announced on September 22, 2026.Ryax brings AI-driven compute orchestration, GPU optimization, and smart scheduling capabilities that Nutanix plans to integrate into Nutanix Kubernetes Platform and Nutanix Enterprise AI.The deal arrives just weeks after Nutanix reported a strong fiscal 2026 finish, with $2.85 billion in revenue, $2.55 billion in ARR, and $841 million in free cash flow, while management highlighted growing traction in AI, cloud-native workloads, external storage, and Nutanix Cloud Clusters.

Nutanix’s Ryax Buyout Could Supercharge Its AI Ambitions!

<ul><li>Nutanix Inc. reported its fourth quarter and full fiscal year 2026 financial results, demonstrating stronger-than-expected top-line growth amid ongoing supply chain constraints and macroeconomic uncertainty.</li><li>The company posted Q4 revenue of $757 million, surpassing guidance, with a year-over-year annual recurring revenue (ARR) growth of 16% reaching $2.55 billion, and a net dollar retention rate (NRR) of 106%, stable from the prior quarter.</li><li>Fiscal year 2026 revenue totaled $2.85 billion, growing 12% year-over-year, outpacing previous guidance.</li></ul>

Nutanix Inc. reported its fourth quarter and full fiscal year 2026 financial results, demonstrating stronger-than-expected top-line growth amid ongoing supply chain constraints and macroeconomic uncertainty.The company posted Q4 revenue of $757 million, surpassing guidance, with a year-over-year annual recurring revenue (ARR) growth of 16% reaching $2.55 billion, and a net dollar retention rate (NRR) of 106%, stable from the prior quarter.Fiscal year 2026 revenue totaled $2.85 billion, growing 12% year-over-year, outpacing previous guidance.

Nutanix’s Pivotal Shift — Dell, NetApp And External Storage Open New Growth Paths!

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
  <li>Nutanix is a leader in the Hyper-Converged Infrastructure (HCI) market, successfully transitioning to a subscription-based software model which is driving recurring revenue, margin expansion, and strong free cash flow generation.</li>
  <li>The company is strategically positioned to capitalize on the secular trend of enterprises adopting hybrid and multi-cloud environments, offering a unified platform to manage applications and data across private and public clouds.</li>
  <li>While facing intense competition from established players like VMware and public cloud providers, and navigating supply-chain headwinds, Nutanix's focus on software-defined infrastructure, simplicity, and customer choice provides a durable competitive advantage.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  Nutanix is a leader in the Hyper-Converged Infrastructure (HCI) market, successfully transitioning to a subscription-based software model which is driving recurring revenue, margin expansion, and strong free cash flow generation.
  The company is strategically positioned to capitalize on the secular trend of enterprises adopting hybrid and multi-cloud environments, offering a unified platform to manage applications and data across private and public clouds.
  While facing intense competition from established players like VMware and public cloud providers, and navigating supply-chain headwinds, Nutanix's focus on software-defined infrastructure, simplicity, and customer choice provides a durable competitive advantage.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/quantinuum-inc" target="_blank" data-smartkarma-citation="entities:49399:1" rel="noopener">Quantinuum (QNT US)</a> will be added to the BlueStar Machine Learning and Quantum Computing Index after the close on 18 September.</li>
<li>Estimated one-way turnover is 9.1% resulting in a round-trip trade of US$1bn. There are a few stocks with decent ADV to trade.</li>
<li>There are inflows for <a href="https://www.smartkarma.com/entities/honeywell-aerospace-inc" target="_blank" data-smartkarma-citation="entities:50307:1" rel="noopener">Honeywell Aerospace</a>, <a href="https://www.smartkarma.com/entities/honeywell-international-inc" target="_blank" data-smartkarma-citation="entities:16765:1" rel="noopener">Honeywell International</a> and <a href="https://www.smartkarma.com/entities/on-semiconductor-corp" target="_blank" data-smartkarma-citation="entities:2729:1" rel="noopener">On Semiconductor</a> and outflows for <a href="https://www.smartkarma.com/entities/arqit-quantum-inc" target="_blank" data-smartkarma-citation="entities:35381:1" rel="noopener">Arqit Quantum</a>, <a href="https://www.smartkarma.com/entities/horizon-quantum-holdings-ltd" target="_blank" data-smartkarma-citation="entities:36891:1" rel="noopener">Horizon Quantum Holdings</a> and <a href="https://www.smartkarma.com/entities/global-unichip-corp" target="_blank" data-smartkarma-citation="entities:10305:1" rel="noopener">Global Unichip</a>.</li>
</ul>



Quantinuum (QNT US) will be added to the BlueStar Machine Learning and Quantum Computing Index after the close on 18 September.
Estimated one-way turnover is 9.1% resulting in a round-trip trade of US$1bn. There are a few stocks with decent ADV to trade.
There are inflows for Honeywell Aerospace, Honeywell International and On Semiconductor and outflows for Arqit Quantum, Horizon Quantum Holdings and Global Unichip.


BlueStar Machine Learning and Quantum Computing Index: 1 Add & US$1bn Trade

<ul><li>Nutanix’s third quarter fiscal year 2026 results demonstrated solid operational execution amid ongoing macroeconomic challenges, particularly supply chain constraints impacting server hardware availability and pricing.</li><li>The company reported revenue of $703 million, surpassing guidance, and achieved a 15% year-over-year increase in annual recurring revenue (ARR) to $2.435 billion.</li><li>Net dollar-based retention rate remained steady at 106%, and free cash flow was robust at $197 million, representing a 28% margin.</li></ul>

Nutanix’s third quarter fiscal year 2026 results demonstrated solid operational execution amid ongoing macroeconomic challenges, particularly supply chain constraints impacting server hardware availability and pricing.The company reported revenue of $703 million, surpassing guidance, and achieved a 15% year-over-year increase in annual recurring revenue (ARR) to $2.435 billion.Net dollar-based retention rate remained steady at 106%, and free cash flow was robust at $197 million, representing a 28% margin.

Nutanix’s $2.84 Billion Guidance Raise: Can Hybrid Cloud Offset Supply-Chain Pain?

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.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Nutanix Inc (NTNX US)

Nutanix’s Ryax Buyout Could Supercharge Its AI Ambitions!

Nutanix has moved to deepen its enterprise AI infrastructure strategy through the acquisition of France-based Ryax Technologies, announced on...

Baptista Research

Nutanix’s Pivotal Shift — Dell, NetApp And External Storage Open New Growth Paths!

Nutanix Inc. reported its fourth quarter and full fiscal year 2026 financial results, demonstrating stronger-than-expected top-line growth amid...

Baptista Research

Primer: Nutanix Inc (NTNX US) - Aug 2026

Nutanix is a leader in the Hyper-Converged Infrastructure (HCI) market, successfully transitioning to a subscription-based software model which...

αSK Primers

BlueStar Machine Learning and Quantum Computing Index: 1 Add & US$1bn Trade

There is 1 add for BQTUM in Sep. Estimated one-way turnover is 9.1% resulting in a round-trip trade of US$1bn. There are a few stocks with multiple...

Brian Freitas

Nutanix’s $2.84 Billion Guidance Raise: Can Hybrid Cloud Offset Supply-Chain Pain?

Nutanix’s third quarter fiscal year 2026 results demonstrated solid operational execution amid ongoing macroeconomic challenges, particularly...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)