Nutanix Reports Fourth Quarter and Fiscal 2024 Financial Results

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Nutanix (NTNX) PT Raised to $75 at RBC Capital

August 29, 2024 7:10 AM EDT

RBC Capital analyst Matthew Hedberg raised the price target on Nutanix (NASDAQ: NTNX) to $75.00 (from $70.00) while maintaining a Outperform rating.

The analyst comments "Despite uncertainty about the initial FY/25 guide, Nutanix delivered solid Q4 results with ACV and revenue ahead of... More

Nutanix (NTNX) PT Raised to $77 at Piper Sandler, 'Top Pick'

August 29, 2024 5:50 AM EDT

Piper Sandler analyst James Fish raised the price target on Nutanix (NASDAQ: NTNX) to $77.00 (from $76.00) while maintaining a Overweight rating.

The analyst comments "As typical over the last few years, Nutanix's overly cautious FQ3 tone resulted in expectations being reset... More

Nutanix (NTNX) PT Raised to $75 at JPMorgan

August 29, 2024 5:39 AM EDT

JPMorgan analyst Mark Murphy raised the price target on Nutanix (NASDAQ: NTNX) to $75.00 (from $65.00) while maintaining a Overweight rating.

The analyst comments "Nutanix reported a solid end to its fiscal year exceeding all key guided metrics, while forward looking metrics continued to exhibit robust growth. The strength in the quarter was evident in the 22% y/y ARR growth and 21% y/y ACV billings growth, with the later landing 13 points above consensus... More

Nutanix (NTNX) Tops Q4 EPS by 14c, Beats on Revenue

August 28, 2024 4:04 PM EDT

Nutanix (NASDAQ: NTNX) reported Q4 EPS of $0.34, $0.14 better than the analyst estimate of $0.20. Revenue for the quarter came in at $548 million versus the consensus estimate of $536.95 million.

GUIDANCE:

Nutanix sees FY2025 revenue of $2.44-2.47 million.

For earnings history and earnings-related data on Nutanix (NTNX) click here.

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