Nutanix (NTNX) closed the last trading session at $59.41, gaining 12.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $74.92 indicates a 26.1% upside potential.The average comprises 13 short-term price targets ranging from a low of $60 to a high of $80, with a standard deviation of $5.72. While the lowest estimate indicates an increase of 1% from the current price level, the most ...

Nutanix (NTNX) closed at $59.60 in the latest trading session, marking a -0.83% move from the prior day. This move lagged the S&P 500's daily gain of 0.1%. At the same time, the Dow lost 0.08%, and the tech-heavy Nasdaq gained 0.28%.The enterprise cloud platform services provider's stock has climbed by 14.76% in the past month, exceeding the Computer and Technology sector's gain of 8.41% and the S&P 500's gain of 4.08%.The investment community will be paying close attention to the earnings performance of Nu ...

It has been about a month since the last earnings report for Nutanix (NTNX) . Shares have added about 0.2% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Nutanix due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Nutanix Q3 Earnings Top Estimates, Revenues Rise Y/ ...

Nutanix (NTNX) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this enterprise cloud platform services provider have returned -21.6%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Computers - IT Services industry, which Nutanix falls in, has lost 0.3%. The key question now is: What could be the st ...

Have you evaluated the performance of Nutanix's (NTNX) international operations for the quarter ending April 2024? Given the extensive global presence of this enterprise cloud platform services provider, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. In ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37883 NUTANIX, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organi ...

Investors in Nutanix, Inc. (NTNX) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 21, 2024 $17.50 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also me ...

Despite strong earnings, Nutanix's revenue guidance disappointed investors, and the stock price crumbled. Is the stock a buy after this sharp price correction?Shares of Nutanix (NTNX -23.06%) tumbled on Thursday, following the company's announcement of third-quarter business results. The hybrid cloud-computing expert annihilated Wall Street's consensus-earnings target, but Q4 guidance came in below current expectations. Nutanix shares traded 22% lower at 3 p.m. ET.Nutanix's results and guidanceIn Q3, Nutani ...

Nutanix (NTNX) reported third-quarter fiscal 2024 non-GAAP earnings of 28 cents per share, which surpassed the Zacks Consensus Estimate by 64.71%. The company had delivered an adjusted earnings per share of 4 cents in the year-ago quarter.Nutanix’s revenues climbed 17% year over year to $524.6 million, beating the Zacks Consensus Estimate by 1.64% and the guided range of $510-$520 million.The top line was primarily driven by growth in NTNX’s core hyper-converged infrastructure software and the solid adoptio ...

Financial Data and Key Metrics Changes - Nutanix reported quarterly revenue of $525 million, exceeding the guided range of $510 million to $520 million, representing a year-over-year growth rate of 17% [18] - Annual Recurring Revenue (ARR) grew 24% year-over-year to $1.82 billion [8][18] - Non-GAAP gross margin was 86.5%, higher than the guided range of approximately 85% [19] - Non-GAAP operating margin was 14%, exceeding the guided range of 7.5% to 8.5% [19] - Free cash flow in Q3 was $78 million, representing a free cash flow margin of 15% [20] Business Line Data and Key Metrics Changes - ACV billings in Q3 were $289 million, above the guided range of $265 million to $275 million, representing year-over-year growth of 20% [18] - The company experienced modestly elongated average sales cycles compared to historical levels, with average contract duration in Q3 being three years, higher than Q2 [18] Market Data and Key Metrics Changes - The number of opportunities greater than $1 million in ACV in the pipeline has grown at higher than 30% for each of the last three quarters compared to the corresponding quarters last year [23] - The dollar amount of pipeline from opportunities greater than $1 million in ACV has grown at well over 50% for each of the last three quarters compared to the corresponding quarters last year [23] Company Strategy and Development Direction - Nutanix is focusing on enhancing the functionality of its cloud platform and broadening partnerships, particularly in support of modern applications and enterprise AI [12] - The company announced partnerships with Hugging Face and NVIDIA to enhance its enterprise AI offerings [13] - Nutanix is also expanding its partnership with Dell to deliver integrated hyper-converged solutions [15] Management's Comments on Operating Environment and Future Outlook - Management noted steady demand for solutions driven by businesses prioritizing digital transformation and infrastructure modernization [7] - The company expects continued variability in timing and outcomes for larger deals due to longer sales cycles and strategic decision-making processes [24] - Management remains committed to driving top-line growth and strong free cash flow generation [52] Other Important Information - Nutanix's annual .NEXT conference in Barcelona attracted over 4,000 attendees, showcasing the company's innovations and partnerships [12] - The company has repurchased approximately $106 million worth of shares year-to-date through Q3 '24 [20] Q&A Session Summary Question: Insights on extending AHP to support compute-only nodes - Management explained that supporting AHP with Dell PowerFlex allows faster entry into accounts without requiring hardware refresh, facilitating migration to HCI architecture [28][29] Question: Size of the eight-figure deal and its impact on free cash flow guidance - Management refrained from disclosing specific deal sizes but confirmed that the deal's total contract value was larger than expected, contributing positively to free cash flow guidance [34] Question: Updates on partnerships with Cisco - Management reported good progress with Cisco, including new wins and certification of Nutanix's hypervisor to run on Cisco UCS servers [36][38] Question: Changes in guidance philosophy due to larger deal variability - Management stated that the guidance philosophy remains unchanged, focusing on creating visibility and scrutiny around pipeline opportunities [70] Question: Trends in repatriation and hybrid cloud - Management noted that while repatriation is not a major trend, there are instances of customers moving workloads back on-prem, emphasizing the need for modern applications in a hybrid cloud model [86][87]