Reasons for Nutanix’s Soaring Share Prices Today
Shares of Nutanix (NASDAQ: NTNX) surged by 27% after the enterprise hybrid cloud provider reported better-than-expected fiscal fourth-quarter earnings. The company posted revenue of $299.9 million, beating analysts’ estimates of $294 million. Adjusted net loss was $105.8 million, or $0.57 per share, compared to consensus expectations of $0.64 per share in adjusted losses. The company’s … Read more