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Stock impact report

Nutanix (NTNX) Down 2.3% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]

Nutanix, Inc. - Class A (NTNX) 
Last nutanix, inc. - class a earnings: 2/26 04:02 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Will the recent negative trend continue leading up to its next earnings release, or is Nutanix due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Nutanix Q2 Earnings Top Estimates, Revenues Rise Y/Y Nutanix reported non-GAAP second-quarter fiscal 2024 earnings of 46 cents per share, surpassing the Zacks Consensus Estimate by 58.62%. The company had delivered an adjusted earnings per share of 12 cents in the year-ago quarter. Nutanix's revenues climbed 16% year over year to $565.2 million, beating the Zacks Consensus Estimate by 2.43% and the guided range of $545-$555 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 strong adoption of its hybrid multi-cloud solutions across Fortune 100 Show less Read more
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