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 recently reported its second quarter fiscal year 2026 financial results, showcasing both positive momentum and challenges in various aspects of its business.</li><li>On the positive side, Nutanix demonstrated strong demand for its solutions, with revenue reaching $723 million, exceeding the guidance range.</li><li>Annual Recurring Revenue (ARR) grew 16% year-over-year to $2.36 billion, reflecting continued customer interest in modernizing IT infrastructures and adopting hybrid cloud models.</li></ul>

Nutanix recently reported its second quarter fiscal year 2026 financial results, showcasing both positive momentum and challenges in various aspects of its business.On the positive side, Nutanix demonstrated strong demand for its solutions, with revenue reaching $723 million, exceeding the guidance range.Annual Recurring Revenue (ARR) grew 16% year-over-year to $2.36 billion, reflecting continued customer interest in modernizing IT infrastructures and adopting hybrid cloud models.

Nutanix: From Cloud Software to AI Infrastructure—Is the Company Quietly Building an Enterprise AI Powerhouse?

<ul><li>Nutanix's first quarter of fiscal year 2026 presented a mixed bag of financial outcomes, reflecting both the resilience and challenges inherent in its business model.</li><li>A key point of interest in the quarter was a solid demand for Nutanix's solutions, with bookings slightly exceeding expectations and steady collaboration with partners.</li><li>However, this did not translate into immediate revenue realization as anticipated, due to an unexpected shift of business start dates into future periods, thereby deferring revenue recognition.</li></ul>

Nutanix's first quarter of fiscal year 2026 presented a mixed bag of financial outcomes, reflecting both the resilience and challenges inherent in its business model.A key point of interest in the quarter was a solid demand for Nutanix's solutions, with bookings slightly exceeding expectations and steady collaboration with partners.However, this did not translate into immediate revenue realization as anticipated, due to an unexpected shift of business start dates into future periods, thereby deferring revenue recognition.

Nutanix’s Next Phase: Expanding Large Deals, Partner-Led Growth, & Revenue Model Evolution!

<ul><li>Nutanix has reported strong financial results for the third quarter of fiscal year 2025, demonstrating performance ahead of guidance across several key metrics.</li><li>Revenue was reported at $639 million, reflecting a 22% year-over-year growth, surpassing the forecast range of $620 million to $630 million.</li><li>The Annual Recurring Revenue (ARR) increased by 18% compared to the previous year, reaching $2.14 billion.</li></ul>

Nutanix has reported strong financial results for the third quarter of fiscal year 2025, demonstrating performance ahead of guidance across several key metrics.Revenue was reported at $639 million, reflecting a 22% year-over-year growth, surpassing the forecast range of $620 million to $630 million.The Annual Recurring Revenue (ARR) increased by 18% compared to the previous year, reaching $2.14 billion.

Nutanix Strikes Gold: Taps VMware’s Weakness to Dominate the CSP & MSP Market!

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

iShares MSCI Emerging Markets / Technical Analysis

<ul>
<li>The bullish outlook we initiated in early November 2023 remains intact. The SPX and QQQ still refuse to close below their 20-day MAs/21-day EMAs for more than 2-3 consecutive days.</li>
<li>Even if/when they do, important supports are close by, including 4983-5050 on the S&amp;P 500 and $425-$433 on QQQ (gap supports from 2/22/24). Anything above 4800 SPX is a buy.</li>
<li>We continue to get an ever-increasing number of global indexes/Sectors with long-term breakouts, the latest being the MSCI Emerging Market and Frontier indexes. Clearly risk-on behavior.</li>
</ul>


The bullish outlook we initiated in early November 2023 remains intact. The SPX and QQQ still refuse to close below their 20-day MAs/21-day EMAs for more than 2-3 consecutive days.
Even if/when they do, important supports are close by, including 4983-5050 on the S&amp;P 500 and $425-$433 on QQQ (gap supports from 2/22/24). Anything above 4800 SPX is a buy.
We continue to get an ever-increasing number of global indexes/Sectors with long-term breakouts, the latest being the MSCI Emerging Market and Frontier indexes. Clearly risk-on behavior.


Long-Term Breakouts for Emerging and Frontier Markets; Treasury Yields and Commodities Rising YTD

<ul>
<li>The SPX, Nasdaq 100, and DJI breaking out to new all-time highs following 3-week consolidations. Russell 2000 (IWM), S&amp;P 400 (IJH), Vanguard ExtendedMarket (VXF), countless other Sectors/industries breaking out also.</li>
<li>This is classic bull market behavior. Considering market dynamics remain healthy, this is all evidence that supports our ongoing bullish outlook.</li>
<li>Software, Data Storage buys: NTAP, NTNX, DBX, VRNS, and CVLT. Investment Banking &amp; Brokerage, Mid-Cap buys: JEF, SF, EVR, MC, and LAZ</li>
</ul>


The SPX, Nasdaq 100, and DJI breaking out to new all-time highs following 3-week consolidations. Russell 2000 (IWM), S&amp;P 400 (IJH), Vanguard ExtendedMarket (VXF), countless other Sectors/industries breaking out also.
This is classic bull market behavior. Considering market dynamics remain healthy, this is all evidence that supports our ongoing bullish outlook.
Software, Data Storage buys: NTAP, NTNX, DBX, VRNS, and CVLT. Investment Banking &amp; Brokerage, Mid-Cap buys: JEF, SF, EVR, MC, and LAZ


Breakouts Proliferate; Bullish Outlook Intact; Small- And Mid-Caps to Lead?

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: From Cloud Software to AI Infrastructure—Is the Company Quietly Building an Enterprise AI Powerhouse?

Nutanix recently reported its second quarter fiscal year 2026 financial results, showcasing both positive momentum and challenges in various...

Baptista Research

Nutanix’s Next Phase: Expanding Large Deals, Partner-Led Growth, & Revenue Model Evolution!

Nutanix's first quarter of fiscal year 2026 presented a mixed bag of financial outcomes, reflecting both the resilience and challenges inherent in...

Baptista Research

Nutanix Strikes Gold: Taps VMware’s Weakness to Dominate the CSP & MSP Market!

Nutanix has reported strong financial results for the third quarter of fiscal year 2025, demonstrating performance ahead of guidance across...

Baptista Research

Long-Term Breakouts for Emerging and Frontier Markets; Treasury Yields and Commodities Rising YTD

Long-Term Breakouts for Emerging and Frontier Markets $EEM $FM; Bullish Outlook Intact on $SPX $QQQ; Treasury Yields and Commodities Rising YTD has...

Vermilion Research

Breakouts Proliferate; Bullish Outlook Intact; Small- And Mid-Caps to Lead?

Breakouts Proliferate; Bullish Outlook Intact; Small- and Mid-Caps to Outperform? $SPX $QQQ $DJI breakout to all-time highs, $IWM $IJH $VXF,...

Vermilion Research

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