Nutanix rises on upbeat outlook, strong results

Nutanix

30/11/2023 11:04

** Shares of cloud services company Nutanix  NTNX.O  rise
10.1% to $45.74 premarket
    ** Co forecasts Q2 revenue between $545 mln and $555 mln,
above Wall Street view of $541.71 mln- LSEG data
    ** Co sees fiscal 2024 revenue in $2.10-$2.13 bln range;
analysts on average expect $2.11 bln
    ** Q1 revenue rises 18% year-on-year to $511.1 mln, beating
market estimate of $501.3 mln
    ** Co posts quarterly net loss of $15.9 mln, down from $99.5
mln in the same period last year
    ** 12 of 17 brokerages rate the stock "buy" or higher, 5
"hold"; their median PT is $48.50
    ** Up to Wednesday's close, stock had risen 59.5% YTD

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