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Why Nutanix Stock Jumped Today

TheMotleyFool 
0 0 01.09.23
Why Nutanix Stock Jumped TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png
 

Shares of Nutanix (NASDAQ: NTNX) were up 12.3% as of 2:20 p.m. ET Friday after the cloud computing and hyperconverged infrastructure (HCI) specialist announced strong fiscal 2023 fourth-quarter results (for the period ended July 31).

Nutanix's quarterly revenue climbed 28% year over year, to $494.2 million, translating to adjusted earnings of $67.5 million, or $0.24 per diluted share. By comparison, most analysts were modeling adjusted earnings of only $0.16 per share on revenue of $475.9 million. 

Nutanix CEO Rajiv Ramaswami credited the company's subscription model for driving "consistent execution over the course of the year against an uncertain macro backdrop."

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Source Fool.com

Nutanix Inc. Stock

€54.20
3.050%
A very strong showing by Nutanix Inc. today, with an increase of €1.59 (3.050%) compared to yesterday's price.
The stock is an absolute favorite of our community with 34 Buy predictions and no Sell predictions.
As a result the target price of 56 € shows a slightly positive potential of 3.32% compared to the current price of 54.2 € for Nutanix Inc..
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