Nutanix shares fall 11% on soft outlook; KeyBanc reiterates bullish views MSN Article Source https://www.msn.com/en-gb/money/companies/nutanix-shares-fall-11-on-soft-outlook-keybanc-reiterates-bullish-views/ar-BB1nhE9J
Nutanix, a technology company, reported strong third-quarter earnings that exceeded Wall Street’s expectations. The company’s earnings per share (EPS) was $0.28, higher than the anticipated $0.17. Revenue for the quarter also outperformed, coming in at $524.6 million compared to the estimated $515.96 million. However, Nutanix issued weaker guidance for the fourth quarter, projecting revenue between … Read more
KeyBanc, a prominent financial firm, recently increased its price target on Nutanix to $79 from $69. They also maintained an Overweight rating on the company’s shares following a strong Q3 performance and a positive outlook for Q4. The report highlighted a decrease in new and expansion business, which was attributed to a rise in larger … Read more
Nutanix, a cloud computing company, recently experienced an 11% decline in its shares following a soft outlook for future performance. Despite this setback, KeyBanc, a renowned financial services firm, reiterated its bullish views on the company. Nutanix’s stock price took a hit due to concerns about its projected revenue and earnings, leading to a decrease … Read more