Nutanix (NTNX) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this enterprise cloud platform services provider have returned +17.1% over the past month versus the Zacks S&P 500 composite's +1.7% change. The Zacks Computers - IT Services industry, to which Nutanix belongs, has gained 3.9% over this period. Now the key question is: Where could the stock be headed in the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended July 31, 2024 OR ☐ 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 organization ...

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Investment Summary - Nutanix (NASDAQ:NTNX) maintains a buy rating due to strong demand momentum and the ability to capture market share from VMware [2][8] 4Q24 Results Update - NTNX reported 4Q24 adjusted revenue of $548 million, reflecting an 11% year-over-year growth, which is a deceleration from 1Q24's 16.9% growth [3] - Adjusted gross margins improved to 86.9%, with a 110 basis points expansion from 4Q23, sustaining the adjusted EBIT margin at 12.9% [3] Growth Outlook - The slowdown in headline growth is attributed to a tough comparison base from the previous year, with 4Q24 growth being an all-time high over the past 12 quarters on a two-year stack basis [4] - Annual Contract Value (ACV) billings growth accelerated from 20% in 3Q24 to 21% in 4Q24, while Annual Recurring Revenue (ARR) growth remained stable at over 20% [4] - The net retention rate (NRR) fell by 900 basis points to 114% in 4Q24, but this is not indicative of increased churn; rather, it reflects a higher mix of large deals in the pipeline [4] - NTNX is positioned to capture market share from VMware due to customer dissatisfaction with Broadcom's pricing strategy post-acquisition [4] Valuation - NTNX is valued at $79 based on a forward revenue approach, with growth assumptions of 15% for the next three years, supported by the potential benefits from share loss from VMware [5] - The market has recognized this opportunity, as NTNX's valuation increased from approximately 5.5x to 6.2x post-earnings despite slow headline revenue growth [5]

The enterprise software company handily beat analyst estimates in its fourth fiscal quarter.Shares of hybrid cloud software provider Nutanix (NTNX -4.36%) rallied 25.1% in the month of August, according to data from S&P Global Market Intelligence.Nutanix's fiscal fourth-quarter earnings report, released on Aug. 28, outpaced analyst estimates and also gave solid guidance for the year ahead.A beat and raise with healthy free cash flowIn the quarter, Nutanix grew revenue 11% to $548 million while posting adjus ...

Shares of the hybrid cloud specialist jumped on a strong earnings report.Shares of Nutanix (NTNX 19.75%) were moving higher today after the hyper-converged infrastructure specialist (HCI) posted better-than-expected results in its fiscal fourth-quarter earnings report.Investors responded positively to the news, sending the stock up 20.4% as of 12:53 p.m. ET. Nutanix bounces backFollowing a disappointing earnings report in the fiscal third quarter, Nutanix bounced back after reassuring investors that custome ...

Nutanix (NTNX) reported fourth-quarter fiscal 2024 non-GAAP earnings of 27 cents per share, which surpassed the Zacks Consensus Estimate by 35% and increased 12.5% year over year.Nutanix’s revenues climbed 11% year over year to $548 million, beating the Zacks Consensus Estimate by 2.02% and the guided range of $530-$540 million.The top line was primarily driven by growth in NTNX’s core hyper-converged infrastructure software and the solid adoption of its new capabilities. Nutanix continues to witness a stro ...

Nutanix, Inc. NTNX reported better-than-expected fourth-quarter financial results and issued FY25 revenue guidance above estimates on Wednesday.Nutanix reported quarterly earnings of 27 cents per share which beat the analyst consensus estimate of 20 cents per share. The company reported quarterly sales of $547.95 million which beat the analyst consensus estimate of $536.94 million."Our fourth quarter was a solid finish to a fiscal year that showed good progress on our financial model with solid top-line gro ...

For the quarter ended July 2024, Nutanix (NTNX) reported revenue of $547.95 million, up 10.9% over the same period last year. EPS came in at $0.27, compared to $0.24 in the year-ago quarter.The reported revenue represents a surprise of +2.02% over the Zacks Consensus Estimate of $537.12 million. With the consensus EPS estimate being $0.20, the EPS surprise was +35.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

Financial Data and Key Metrics Changes - In Q4 2024, Nutanix reported revenue of $548 million, an increase of 11% year-over-year, and full-year revenue of $2.15 billion, up 15% year-over-year [8][21] - Annual recurring revenue (ARR) at the end of Q4 was $1.91 billion, reflecting a 22% year-over-year growth [9][21] - Free cash flow for Q4 was $224 million, with a free cash flow margin of 41%, and for the full year, free cash flow was $598 million, almost three times higher than the previous year, resulting in a margin of 28% [19][24] Business Line Data and Key Metrics Changes - The renewals business continued to perform strongly, contributing to the overall revenue growth [9][23] - The land and expand strategy underperformed relative to internal expectations due to elongated sales cycles, but the pipeline for larger deals showed good growth [9][22] Market Data and Key Metrics Changes - Nutanix saw significant engagement from smaller and mid-sized companies seeking alternatives to existing infrastructure solutions, particularly in the wake of industry changes [31][50] - The company reported a net dollar-based retention rate (NRR) of 114% at the end of FY 2024, indicating strong customer retention and expansion [22] Company Strategy and Development Direction - Nutanix is focusing on infrastructure modernization and hybrid multi-cloud operating models, with significant partnerships established with Cisco, Dell, and NVIDIA [10][11] - The company aims to innovate continuously, with new product releases such as GPT in-a-box and enhancements to its cloud platform to support modern applications [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term market opportunity, particularly in light of recent industry disruptions, and highlighted the importance of partnerships in driving growth [16][29] - The company anticipates continued elongation of sales cycles but remains optimistic about the growing pipeline for larger deals [27][28] Other Important Information - Nutanix plans to discontinue reporting ACV billings starting in FY 2025, focusing instead on revenue, non-GAAP operating margin, and free cash flow [26][27] - The company ended Q4 with cash and short-term investments of $994 million, down from $1.651 billion at the end of Q3, primarily due to the conversion of 2026 notes [20] Q&A Session Summary Question: Update on Broadcom churn - Management noted that the opportunity to gain share remains largely unchanged, with no significant changes in win or loss rates [31] Question: Path forward regarding hardware refresh constraints - Management explained that for customers already using HCI, migration paths are easier, and partnerships with Dell will facilitate easier deployments without hardware refreshes [34][35] Question: Trends in AI and private cloud workloads - Management observed a trend of repatriation of workloads to private clouds, emphasizing the cost-effectiveness of running steady-state workloads on-premises [39][40] Question: Contribution from partnerships and renewals - Management expects contributions from Cisco and Dell partnerships to grow in FY 2025, alongside continued strong performance in renewals [42][44] Question: Demand environment and pricing strategies - Management indicated that the demand environment has remained stable, with elongated sales cycles, and discussed strategies to balance share gain with margin protection [57][59] Question: Revenue recognition from large deals - Management confirmed that revenue from an eight-figure deal will be recognized over multiple years starting in FY 2025, with some professional services revenue recognized in Q4 [68] Question: Alignment of go-to-market strategy with market opportunities - Management clarified that they are targeting resources where the maximum dollar opportunity lies, focusing on both larger enterprises and their historical sweet spot in the mid-market [70][71]