Nutanix Reports Third Quarter Fiscal 2019 Financial Results
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Nutanix (NTNX) PT Lowered to $46 at Needham & Company
May 31, 2019 7:29 AM EDTNeedham & Company analyst Jack Andrews lowered the price target on Nutanix (NASDAQ: NTNX) to $46.00 (from $63.00) while maintaining a Buy rating following the company's 3Q earnings report. NTNX reported mixed 3QFY19 results, as revenue and billings missed consensus, while gross margins and EPS beat. NTNX... More
Nutanix (NTNX) Tops Q3 EPS by 4c, Revenues Miss; Offers Q4 EPS/Revenue Guidance Below Consensus
May 30, 2019 4:03 PM EDTNutanix (NASDAQ: NTNX) reported Q3 EPS of ($0.56), $0.04 better than the analyst estimate of ($0.60). Revenue for the quarter came in at $287.6 million versus the consensus estimate of $297.22 million.
Revenue: $287.6 million (at 77.1% non-GAAP gross margin), down from $289.4 million (at 68.4% non-GAAP gross margin) in the third quarter of fiscal 2018Billings: $346.0 million, down from $351.2 million in the third quarter of fiscal 2018Software and Support Revenue: $265.8 million, up 17% year-over-year from $226.8 million in the third quarter of fiscal 2018Software and Support Billings: $324.2 million, up 11% year-over-year from $292.0 million in the third quarter of fiscal... More