Nutanix, Inc. (NTNX)
After hours:
| Previous Close | 41.56 |
| Open | 44.50 |
| Bid | 43.14 x 900 |
| Ask | 43.29 x 1000 |
| Day's Range | 42.22 - 45.40 |
| 52 Week Range | 23.34 - 45.40 |
| Volume | |
| Avg. Volume | 2,263,774 |
| Market Cap | 10.489B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.09 |
| Earnings Date | Nov 29, 2023 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 44.50 |
- Yahoo Finance Video
Nutanix AI platform is 'fundamental to every customer': CEO
Nutanix (NTNX) shares are seeing a boost this morning after topping fiscal first-quarter earnings estimates. Nutanix CEO Rajiv Ramaswami joins Yahoo Finance Live to weigh in on the factors that have driven the cloud computing company's growth. Ramaswami states plainly that “every company is a tech company” and thus data management and applications to better manage AI functions are increasingly essential. Ramaswami teases the rolling out of a new platform, GPT-in-a-Box, which would allow companies to capitalize on AI. In terms of revenue, Ramaswami predicts this platform is “fundamental to every customer” due to the hastening adoption of AI. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
ZacksDon't Overlook These Top-Rated Stocks After Earnings
After easily surpassing their quarterly earnings expectations on Wednesday a few top-rated Zacks stocks are rising in today's trading session.
Motley FoolWhy Nutanix Stock Popped Today
Shares of Nutanix (NASDAQ: NTNX) climbed as much as 9.2% early Thursday, then settled to trade up 3.5% as of 2:30 p.m. ET after the cloud-computing and hyperconverged-infrastructure (HCI) specialist announced strong quarterly results. For its fiscal first quarter in 2024 (ended Oct. 31, 2023), Nutanix's revenue grew 18% year over year to $511.1 million, translating to adjusted (non-GAAP) net income of $85 million, or $0.29 per share. "We delivered a solid first quarter financial performance against an uncertain macro backdrop reflecting the value our customers see in the Nutanix Cloud Platform and the strength of our subscription business model," stated Nutanix CEO Rajiv Ramaswami.
