Nutanix Reports Fourth Quarter and Fiscal 2019 Financial Results
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Piper Jaffray Reiterates Neutral Rating on Nutanix (NTNX) Following 4Q Report
August 29, 2019 6:50 AM EDTPiper Jaffray analyst Andrew Nowinski reiterated a Neutral rating and $25.00 price target on Nutanix (NASDAQ: NTNX) following the company's 4Q report. Nutanix reported FQ4 revenue of $299.9M (-1.3% Y/Y), which was modestly above the midpoint of guidance ($280-310M). EPS of ($0.57), compared to consensus'... More
Nutanix (NTNX) Tops Q4 EPS by 7c, Revenues Beat; Offers Q1 Guidance
August 28, 2019 4:06 PM EDTNutanix (NASDAQ: NTNX) reported Q4 EPS of ($0.57), $0.07 better than the analyst estimate of ($0.64). Revenue for the quarter came in at $299.9 million versus the consensus estimate of $293.86 million.
Q4 Fiscal 2019 Financial Highlights
Revenue: $299.9 million, down from $303.7 million in the fourth quarter of fiscal 2018, reflecting the reduction of pass-thru hardware from $35.9 million in the fourth quarter of fiscal 2018 to $13.0 million in the fourth quarter of fiscal 2019, and the revenuecompression from the companys ongoing transition to subscriptionBillings: $371.7 million, down from $395.1 million in the fourth quarter of fiscal 2018, reflecting the reduction of pass-thru hardware from... More