Nutanix Q1 Results Offset By Slowing Annual Recurring Revenue, Federal Vertical Weakness: Analysts

Nutanix, Inc. NTNX shares are trading lower on Wednesday. The company’s annual recurring revenue grew 18%, while revenue jumped 16%.Needham analyst Mike Cikos reiterated the Buy rating on Nutanix, raising the price forecast to $90 from $80. He raised the fiscal 2025 estimate from $1.36 to $1.42.Cikos highlights that Nutanix’s early success with new go-to-market partnerships and share gains from M&A disruption contributed to strong results in the first quarter of fiscal 2025.Despite revenue guidance being ab ...