Previous Close | 15.10 |
Open | 15.13 |
Bid | 0.00 x 3000 |
Ask | 0.00 x 800 |
Day's Range | 14.60 - 15.21 |
52 Week Range | 13.44 - 44.50 |
Volume | |
Avg. Volume | 2,734,906 |
Market Cap | 3.279B |
Beta (5Y Monthly) | 1.52 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -4.62 |
Earnings Date | Aug 30, 2022 - Sep 05, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 26.20 |
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Nutanix (NTNX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Nutanix's (NASDAQ: NTNX) year went from bad to worse following the May 25 release of the company's fiscal 2022 third-quarter results (for the three months ending on April 30) as investors punished the stock over management's woeful guidance. Share prices of the enterprise cloud platform provider plunged 23% in a single session despite impressive growth in the company's sales and billings, as well as a reduction in its adjusted loss. Let's see what went wrong for Nutanix last quarter, and check why investors may want to take advantage of the 56% decline in the company's share price this year to buy this cloud stock for the long run.
Shares of Nutanix (NASDAQ: NTNX) dropped 20.1% this week, according to S&P Global Market Intelligence. The hybrid cloud company reported solid growth for its fiscal third quarter, but the results were well below the consensus analyst expectations. Revenue grew 17% year over year to $404 million, with annual recurring revenue (ARR) up 46% year over year to $1.1 billion.