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San Jose, Calif.-based NTNX entered a strategic partnership with Red Hat on July 29 to develop a powerful solution for building, scaling, and managing cloud-native applications on-premises and in hybrid clouds. It also announced a partnership with Hewlett Packard Enterprise Company (NYSE:HPE) in June 2021 to accelerate hybrid cloud and multi-cloud adoption.
NTNX was named a 2021 Gartner (NYSE:IT) Peer Insights Customers’ Choice recipient for Hyperconverged Infrastructure for the third consecutive year in June 2021. However, the company’s losses increased in the fourth quarter (ended July 31, 2021). Also, the Schall Law Firm reopened the lead plaintiff process earlier this year in a class-action lawsuit against NTNX over alleged securities law violations. A lead plaintiff and a lead counsel for the case were appointed on June 10, 2021. So, its near-term prospects look uncertain.
