Investors need to pay close attention to Nutanix (NTNX) stock based on the movements in the options market lately.
The cloud-computing service reseller beat Wall Street's earnings expectations but offered weak revenue guidance for the next quarter. The stock had gained 149% over the past year before this report, so a mixed bag wasn't strong enough.
Nutanix (NTNX) delivers steady growth in ACV billings in third-quarter fiscal 2024, primarily driven by continued demand for its hybrid multi-cloud software solutions.
Nutanix, Inc. (NASDAQ:NTNX ) Q3 2024 Earnings Conference Call May 29, 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 Jason Ader - William Blair Wamsi Mohan - Bank of America Simon Leopold - Raymond James Meta Marshall - Morgan Stanley Mike Cikos - Needham & Company Matt Hedberg - RBC Capital Markets Ben Bollin - Cleveland Research Company George Wang - Barclays Operator Good day and thank you for standing by, and welcome to Nutanix Q3 2024 Earnings Conference Call. At this time all participants are in listen-only mode.
The headline numbers for Nutanix (NTNX) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Nutanix (NTNX) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.04 per share a year ago.
Nutanix reported fiscal Q3 earnings and revenue topped consensus estimates. July quarter revenue guidance missed.
Shares of Nutanix Inc. fell more than 12% in the extended session Thursday after the cloud-computing company reported a mixed quarter, missing revenue expectations by a wide margin, and offered weaker current-quarter guidance.
The latest trading day saw Nutanix (NTNX) settling at $72.85, representing a +1.96% change from its previous close.
Beyond analysts' top -and-bottom-line estimates for Nutanix (NTNX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended April 2024.
Nutanix (NTNX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.