Nutanix Q1 Results Offset By Slowing Annual Recurring Revenue, Federal Vertical Weakness: Analysts – Broadcom (NASDAQ:AVGO), Nutanix (NASDAQ:NTNX)

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Nutanix Q1 Results Offset By Slowing Annual Recurring Revenue, Federal Vertical Weakness: Analysts – Broadcom (NASDAQ:AVGO), Nutanix (NASDAQ:NTNX)

Nutanix, Inc. NTNX shares are trading lower on Wednesday. The company’s annual recurring revenue grew 18%, while revenue jumped 16%.

Needham analyst Mike Cikos reiterated the Buy rating on Nutanix, raising the price forecast to $90 from $80.…

Article Source
https://www.benzinga.com/24/11/42221971/nutanix-q1-results-offset-by-slowing-arr-growth-and-federal-vertical-weakness-analysts

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