Nutanix (NTNX) Tops Q1 EPS by 12c; Guides Modestly Above Views
FREE Breaking News Alerts from StreetInsider.com!
- Wall St ends mixed as tech megacap declines outweigh upbeat chip outlook
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- IBM surges on unveiling sub-1nm chip technology breakthrough
- 'Long-term deals significant positive for stock:' Analysts react to Micron results
- Needham Starts NeoVolta (NEOV) at Buy
- Two major earthquakes strike Venezuela, killing at least 32 and injuring hundreds
- Hertz cuts guidance, announces notes and stock offerings, shares sink
- Wall St ends mixed as tech megacap declines outweigh upbeat chip outlook
- SanDisk stock target lifted by Citi on continued demand strength
Nutanix (NTNX) Stock is Rallying Following Q3 Earnings, Analyst Says Shares Still Looks Undervalued
November 24, 2021 8:59 AM ESTShares of Nutanix (NASDAQ: NTNX) are up more than 5% in pre-open Wednesday after the company reported better-than-expected Q3 results.
Nutanix reported Q1 EPS of ($0.22) to easily top the analyst estimate of ($0.34). Revenue for the quarter came in at $378.5 million versus the consensus estimate of $367.04 million.
Our first quarter was a good start to our fiscal year, demonstrating strong year-over-year top and bottom-line improvement, said Rajiv Ramaswami, President and CEO of Nutanix. We continued to execute... More
Nutanix (NTNX) PT Raised to $71 at Needham & Company
November 24, 2021 6:53 AM ESTNeedham & Company analyst Jack Andrews raised the price target on Nutanix (NASDAQ: NTNX) to $71.00 (from $64.00) while maintaining a Buy rating.
The analyst commented, "NTNX reported a good 1QFY22, as multiple metrics all handily beat the consensus estimates. Most notably, NTNXs ACV billings... More
