Nutanix stock jump 14% after earnings beat, strong revenue guidance

By Paul Ziobro

Shares of Nutanix (NTNX) rose after the cloud-software company posted better-than-expected quarterly results and projected revenue for the current year ahead of Wall Street estimates.

The stock was up 14.1% to $59.64 in late trading after closing the regular trading session at $52.29. Through Wednesday's close, the stock had been up about 9.7% this year.

The San Jose, Calif.-based company posted a fiscal fourth-quarter loss of $126.1 million, or 51 cents a share, compared with a loss of $13.3 million, or 6 cents a share, in the year-ago quarter. Adjusted for one-time items, per-share earnings were 27 cents, ahead of the 20 cents expected by analysts recently polled by FactSet.

Revenue rose 11% to $548 million. Analysts expected $536.9 million.

For the current year, Nutanix expects revenue between $2.44 billion and $2.47 billion. Analysts were looking for $2.44 billion.

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08-28-24 1837ET

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