What Is Next After Nutanix Plunged Over 20% [Seeking Alpha]
Nutanix, Inc. - Class A (NTNX)
Last nutanix, inc. - class a earnings: 2/26 04:02 pm
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ir.nutanix.com/company/investors/default.aspx
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Source: Seeking Alpha
What Is Next After Nutanix Plunged Over 20% Summary Shares of Nutanix plunged over 20% in the last week after its earnings report. Transition from hardware to subscription sales to blame for lag in growth. Upside price target proposed entry price introduced. Investors reacted badly when NTNX results Source: Nutanix Though the shorter subscription contract length lessens the revenue per customer, the high margin subscription revenue growth of 110%, to $168 million, should continue growing in the quarters ahead. Subscriptions accounted for 65% of its billings, up from 41%. The demand to move to a hybrid cloud will give Nutanix more predictable revenue over time. Throughout the life of the contract, customers may buy other offerings. The shift to a subscription model will raise the revenue deferral rate, hurting upfront quarterly revenue recognition. This is also having a negative impact on sales. The company said: The selling impact has the potential to slow down and extend sales cycles
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NTNX
News
- Nutanix (NTNX) Falls More Steeply Than Broader Market: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Want Better Returns? Don't Ignore These 2 Computer and Technology Stocks Set to Beat Earnings [Yahoo! Finance]Yahoo! Finance
- Global Application Modernization Services Market Size To Exceed 76.29 Billion By 2033 | CAGR 16.31% [Yahoo! Finance]Yahoo! Finance
- Nutanix Study Finds AI, Security, and Sustainability are Driving the Need for IT Infrastructure Modernization in Healthcare [Yahoo! Finance]Yahoo! Finance
- Nutanix Study Finds AI, Security, and Sustainability are Driving the Need for IT Infrastructure Modernization in HealthcareBusiness Wire
NTNX
Earnings
- 2/28/24 - Beat
NTNX
Sec Filings
- 4/11/24 - Form 4
- 4/10/24 - Form 144
- 3/25/24 - Form 4
- NTNX's page on the SEC website