Nutanix shares hit record high after quarterly results beat estimates

Nutanix

27/02/2025 17:30

** Shares of Nutanix NTNX.O rose to a record high after the software firm reported quarterly results that beat estimates

** NTNX is up ~12% and is on track for the biggest daily pct gain since August last year

** After the close on Wed, NTNX reported that rev rose 15.8% to $654.72 mln from a year ago; analysts expected $641.86 mln. Adj EPS of 56 cents beat estimates of 47 cents.

** Multiple analysts, including from JPMorgan, RBC, Wells Fargo, and Bank of America, raised their PT following NTNX's result

** Among 18 analysts covering NTNX, their avg rating is "BUY" and median PT is $88

** NTNX is up 27% YTD including today's move, versus a ~3.3% drop in the S&P 500 technology index .SPLRCT

 (Reporting by Chibuike Oguh in New York)

 ((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))