Nutanix jumps on Q4 results beat

Nutanix

29/08/2024 09:52

** Shares of cloud services company Nutanix  NTNX.O  rise
16.7% to $61 premarket 
    ** Co posts Q4 revenue of 548 mln vs Wall Street estimate of
$536.9 mln - LSEG data 
    ** Quarterly adj. EPS of $0.27 beat market view of $0.20  
    ** Co sees Q1 2025 revenue between $565 mln and $575 mln vs
average analyst estimate of $574.9 mln 
    ** NTNX forecasts FY 2025 revenue in the range of $2.44
bln-$2.47 bln vs consensus of $2.45 bln
    ** 14 of 18 brokerages rate the stock "buy" or higher, four
"hold"; their median PT is $75 - LSEG data
    ** Up to last close, stock up 9.7% YTD

 (Reporting by Khushi Singh in Bengaluru)
 ((Khushi.Singh@thomsonreuters.com;))