Nutanix, Inc. Class A Aktie News

Nutanix is a strong choice for investors looking to enter the market rebound, with room for further upside in 2024. The company benefits from increased interest in automation and AI adoption, with potential for growth in AI-related use cases. Still trading at just ~4x current-year revenue, I view NTNX stock as having at least 20% more upside through mid-2024.

Nutanix Inc. NASDAQ: NTNX shares soared to a new 52-week high driven by a strong fiscal Q1 2024 earnings beat and raised guidance. The Company provides hyperconverged IT infrastructure services as a member of the Computer and Technology sector.

Nutanix easily beat estimates for revenue and earnings to kick off its new fiscal year. The cloud-computing company's annual recurring revenue grew 30% amid its transition to a recurring subscription model.

Stocks are poised for an upbeat finish to the best month of gains for 2023, as the fever pitch around Fed rate cuts next year grows. It's all teeing up nicely for that Santa rally, maybe.

Nutanix, Inc. (NASDAQ:NTNX ) Q1 2024 Results Conference Call November 29, 2023 4:30 PM ET Company Participants Rich Valera - VP, IR Rajiv Ramaswami - President and CEO Rukmini Sivaraman - CFO Conference Call Participants Pinjalim Bora - JPMorgan Jim Fish - Piper Sandler Matt Hedberg - RBC Capital Markets George Wang - Barclays Michael Cikos - Needham Erik Suppiger - JMP Ben Bollin - Cleveland R...

Nutanix reported fiscal Q1 earnings and revenue that topped estimates. Guidance for NTNX stock came in above views.

Nutanix Inc.'s NTNX, +2.59% stock was up 1.4% in extended trading Wednesday after the company reported quarterly results that eclipsed analyst revenue and earnings estimates. Nutanix reported a fiscal-first-quarter net loss of $15.8 million, or 7 cents a share, compared with a net loss of $99.5 million, or 44 cents a share, in the same quarter a year ago.

SAN JOSE, Calif.--(BUSINESS WIRE)--Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced financial results for its first quarter ended October 31, 2023. “We delivered a solid first quarter financial performance against an uncertain macro backdrop reflecting the value our customers see in the Nutanix Cloud Platform and the strength of our subscription business mo...