Nutanix shares gained more than 16% in August, driven by its fiscal fourth-quarter and full-year results that beat estimates and a wave of analyst price target hikes. The company also announced a workforce reduction of about 5%, costing $33 million to $43 million, with cuts expected to be completed by the end of October. In the quarter, Nutanix reported revenue of over $757 million, up 16% year over year, and adjusted earnings per share of $0.60, surpassing the consensus estimate of $0.49. Annual recurring revenue reached $2.55 billion, also up 16%. For fiscal 2027, management guided revenue to $3.18 billion to $3.23 billion and free cash flow to $850 million to $950 million. Analysts from Bank of America, Morgan Stanley, and Wells Fargo raised their price targets following the report.
Nutanix IncFiscal Q4 results beat estimates, with revenue up 16% and EPS above consensus, plus analyst price target hikes.
NVIDIA Corporation