Tiger Brokers

BUZZ-Nutanix shares hit record high after quarterly results beat estimates

Reuters
Feb 28, 2025
BUZZ-Nutanix shares hit record high after quarterly results beat estimates

** 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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10