Nutanix, Inc. (NTNX - Free Report) just released its third-quarter fiscal 2018 financial results, posting an adjusted loss of $0.21 per share and revenues of $289.41 million.
Nutanix is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares Nutanix have skyrocketed 222.5% over the last year and had surged 54.4% in the last 12 weeks. The company’s stock did slip 1.63% on Thursday to hit $55.36 per share prior to the release of its quarterly earnings results.
Nutanix stock is currently down 4.26% to $53.00 per share in after-hours trading shortly after its earnings report was released.
NTNX:
Missed earnings estimates. The company posted an adjusted loss of $0.21 per share, falling just short of the Zacks Consensus Estimate that called for a loss of $0.20 per share.
Beat revenue estimates. The company saw revenue figures of $289.41 million, topping our consensus estimate of $277.99 million.
Nutanix’s revenues jumped roughly 41% from the year-ago period. Meanwhile, the company’s billings revenue surged 50% to $351.2 million.
Looking ahead to its upcoming quarter, the company expects revenues in the range of $295 and $300 million, which comes in above our current estimate of $288.9 million.
Nutanix also projects to post an adjusted net loss per share between $0.20 and $0.22 in Q4. This is worse than our current estimate that calls for a loss of $0.13 per share.
Here’s a graph that looks at NTNX’s Price, Consensus and EPS Surprise history:
Nutanix provides an enterprise cloud platform which converges silos of server, virtualization and storage into integrated solution and connects to public cloud services. Nutanix is based in San Jose, California.
Check back later for our full analysis on NTNX’s earnings report!
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Nutanix, Inc. (NTNX - Free Report) just released its third-quarter fiscal 2018 financial results, posting an adjusted loss of $0.21 per share and revenues of $289.41 million.
Nutanix is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares Nutanix have skyrocketed 222.5% over the last year and had surged 54.4% in the last 12 weeks. The company’s stock did slip 1.63% on Thursday to hit $55.36 per share prior to the release of its quarterly earnings results.
Nutanix stock is currently down 4.26% to $53.00 per share in after-hours trading shortly after its earnings report was released.
NTNX:
Missed earnings estimates. The company posted an adjusted loss of $0.21 per share, falling just short of the Zacks Consensus Estimate that called for a loss of $0.20 per share.
Beat revenue estimates. The company saw revenue figures of $289.41 million, topping our consensus estimate of $277.99 million.
Nutanix’s revenues jumped roughly 41% from the year-ago period. Meanwhile, the company’s billings revenue surged 50% to $351.2 million.
Looking ahead to its upcoming quarter, the company expects revenues in the range of $295 and $300 million, which comes in above our current estimate of $288.9 million.
Nutanix also projects to post an adjusted net loss per share between $0.20 and $0.22 in Q4. This is worse than our current estimate that calls for a loss of $0.13 per share.
Here’s a graph that looks at NTNX’s Price, Consensus and EPS Surprise history:
Nutanix provides an enterprise cloud platform which converges silos of server, virtualization and storage into integrated solution and connects to public cloud services. Nutanix is based in San Jose, California.
Check back later for our full analysis on NTNX’s earnings report!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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