Nutanix (NTNX) Tops Q1 EPS by 12c; Guides Modestly Above Views
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November 24, 2021 8:59 AM EST
Shares 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
November 24, 2021 6:53 AM EST
Needham & 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
