FMP
May 30, 2024 12:03 PM - Davit Kirakosyan
Nutanix (NASDAQ:NTNX) reported third-quarter earnings that exceeded Wall Street expectations, yet its shares dropped by 12% in pre-market today due to weaker-than-expected guidance for the fourth quarter.
The company posted third-quarter earnings per share (EPS) of $0.28, beating the analyst estimate of $0.17. Revenue for the quarter was $524.6 million, surpassing the Street estimate of $515.96 million.
However, Nutanix's revenue forecast for the fourth quarter is between $530 million and $540 million, below the analyst consensus of $548.1 million. For the full fiscal year 2024, the company expects revenue to be in the range of $2.13 billion to $2.14 billion, slightly under the consensus estimate of $2.141 billion.
President and CEO Rajiv Ramaswami credited the strong third-quarter performance to disciplined execution and a robust business model. He pointed out the value of recent initiatives in modern applications and generative AI, along with expanded partnerships, as key enhancements to the Nutanix Cloud Platform's value proposition.
CFO Rukmini Sivaraman highlighted the company's balanced top and bottom-line performance, noting a 24% year-over-year increase in annual recurring revenue (ARR) and strong free cash flow generation so far this year.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...