I maintain a buy rating for Nutanix stock due to robust growth outlook and signs of capturing market share from VMware. Despite a slowdown in headline revenue growth, strong ACV billings and ARR growth indicate underlying demand remains solid. Nutanix benefits from VMware customer dissatisfaction post-Broadcom acquisition, with a growing pipeline of large deals.
Nutanix delivered a healthy beat in its fourth-quarter earnings report, as well as solid guidance. The company may be benefiting from Broadcom's acquistion of VMware.
Nutanix beat estimates on the top and bottom lines in the fiscal fourth quarter. Revenue growth is expected to accelerate next year.
NTNX delivers steady growth in ACV billings in fourth-quarter fiscal 2024, primarily driven by continued demand for its hybrid multi-cloud software solutions.
Nutanix, Inc. NTNX reported better-than-expected fourth-quarter financial results and issued FY25 revenue guidance above estimates on Wednesday.
While the top- and bottom-line numbers for Nutanix (NTNX) give a sense of how the business performed in the quarter ended July 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 ) Q4 2024 Earnings Conference Call August 28, 2024 4:30 PM ET Company Participants Rich Valera - Vice President, Investor Relations Rajiv Ramaswami - President & Chief Executive Officer Rukmini Sivaraman - Chief Financial Officer Conference Call Participants George Wang - Barclays Jim Fish - Piper Sandler Meta Marshall - Morgan Stanley Ruplu Bhattacharya - Bank of America Jason Ader - William Blair Victor Chiu - Raymond James Mike Cikos - Needham Operator Thank you for standing by and welcome to Nutanix Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Nutanix (NTNX) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.24 per share a year ago.
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Nutanix (NTNX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Nutanix's (NTNX) strong hybrid cloud offerings and expanding customer base are offset by fierce competition, signaling caution for investors ahead of Q4 results.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Nutanix (NTNX), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended July 2024.