Why did Nutanix stock surge today? Reportedly exploring sale after takeover interest
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Nutanix Inc. (NASDAQ:NTNX) surged 24% after a report that the cloud-computing company is said to exploring a potential sale after receiving takeover interest.

Nutanix (NTNX) is expected to see private equity and strategic buyer interest, according to a WSJ report early Friday, which cited people familiar. There's no certainty a transaction will occur and a buyer will likely need to pay a significant premium to Nutanix's nearly $5 billion market cap.

The WSJ report comes after some corporate governance changes announced late last month at Nutanix spurred some renewed takeover speculation.
Piper Sandler analyst James Fish wrote in a note on Friday that he believes Nutanix (NTNX) may see $27-$30/share in a possible takeover.
IBM-Red Hat (IBM), Cisco (CSCO), HP Enterprise (HPE) or private equity are the most likely buyers for Nutanix (NTNX), according to Fish. 

Also see SA contributor Bert Hochfeld's piece from last month entitled "Nutanix: Market Share Gainer In A Still-Hot Space."