Nutanix, Inc. NTNX shares are trading lower on Wednesday. The company's annual recurring revenue grew 18%, while revenue jumped 16%.
Nutanix, Inc. NTNX reported better-than-expected first-quarter financial results on Tuesday.
Does Nutanix (NTNX) have what it takes to be a top stock pick for momentum investors? Let's find out.
Nutanix (NTNX) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
POWL, and NTNX made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on November 27, 2024.
NTNX delivers steady growth in product revenues in first-quarter fiscal 2025, driven by expanding partnerships and demand for cloud software solutions.
While the top- and bottom-line numbers for Nutanix (NTNX) give a sense of how the business performed in the quarter ended October 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Nutanix, Inc. (NASDAQ:NTNX ) Q1 2025 Earnings Conference Call November 26, 2024 4:30 PM ET Company Participants Rich Valera - VP, IR Rajiv Ramaswami - President and CEO Rukmini Sivaraman - CFO Conference Call Participants Pinjalim Bora - JPMorgan Meta Marshall - Morgan Stanley Jim Fish - Piper Sandler Jason Ader - William Blair Ruplu Bhattacharya - Bank of America Mike Cikos - Needham Ben Bollin - Cleveland Research Company Victor Chiu - Raymond James Matt Hedberg - RBC Capital Markets George Wang - Barclays Nehal Chokshi - Northland Capital Markets Michael Tsvetanov - Wells Fargo Operator Hello and welcome to the Nutanix First Quarter 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.
While the top- and bottom-line numbers for Nutanix (NTNX) give a sense of how the business performed in the quarter ended October 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Nutanix (NTNX) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.29 per share a year ago.
Nutanix (NTNX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Nutanix is set to gain significant market share from VMware due to Broadcom's changes, with a 'Strong Buy' rating and a $90 target price. Nutanix's strong ACV and ARR growth is driven by partnerships with Dell, Cisco, and Nvidia, and its solutions on Azure and AWS platforms. Nutanix's up-market focus and new AI offerings are expected to accelerate revenue growth, with a projected 18% organic revenue increase.