Nutanix (NTNX) Tops Q4 EPS by 16c
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September 2, 2021 12:38 PM EDT
Susquehanna analyst Mehdi Hosseini raised the price target on Nutanix (NASDAQ: NTNX) to $50.00 (from $38.00) while maintaining a Positive rating following earnings.
The analyst commented, "We are updating estimates/price target following Nutanix Jul-Q report and conference call. All in all, the... More
September 2, 2021 8:44 AM EDT
Shares of Nutanix (NASDAQ: NTNX) are trading around 7% higher in pre-open Thursday after the company delivered better-than-expected FQ4 results and guidance.
Nutanix reported an FQ4 EPS loss of $0.26 to easily exceed the analyst estimate of $0.42. Revenue for the quarter came in at $390.72 million versus the consensus estimate of $362.88 million.
Our fourth quarter was a strong end to an excellent fiscal year, which was marked by consistent execution and solid progress across both financial and strategic objectives, said Rajiv Ramaswami, President and CEO of Nutanix. We have entered our fiscal 2022 with good... More
September 2, 2021 6:24 AM EDT
Needham & Company analyst Jack Andrews raised the price target on Nutanix (NASDAQ: NTNX) to $64.00 (from $61.00) while maintaining a Buy rating.
The analyst commented, "NTNX reported strong 4QFY21 results as multiple metrics (ACV billings, total billings, emerging product billings, million-dollar deals) all... More
