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Nutanix (NTNX), Build-A-Bear Tie Up For Bear Builder 3D Workshop
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Nutanix (NTNX - Free Report) recently collaborated with Build-A-Bear Workshop (BBW - Free Report) , Buzz 3D and TierPoint to jointly develop technology to power an interactive online shopping experience — Bear Builder 3D Workshop.
The new addition will not only accelerate the global retailer and entertainment company’s digital transformation process but also provide consumers an innovative way to purchase a furry friend for life virtually, which can provide real-world hugs to guests of all ages. This high-end digital experience does not have high bandwidth requirements and can be run on both PC and mobile devices.
With this move, Build-A-Bear’s expanded business model goes beyond mere simple transactional engagements. It has leveraged Nutanix Frame, a Desktop as a Service (“DaaS”) solution that streams high performance and graphics-intensive applications to develop this 3D online Workshop.
Build-A-Bear leverages TierPoint’s public cloud-as-a-service model, which runs Nutanix’s hyper-converged infrastructure (HCI) software.
Nutanix, a pioneer in HCI solutions, is expected to benefit from its HCI growth prospects in the long run. Per a report of MarketsandMarkets, the global HCI market is anticipated to reach $27.1 billion by 2025, witnessing a CAGR of 28.1% during the 2020-2025 period.
In the fiscal third quarter, Nutanix’s clientele totaled 19,430 with the addition of 660 customers. Its growing recurring revenue stream reflects customer loyalty to its solutions, which improves the visibility of the revenue growth trajectory. The third-quarter top line was primarily driven by growth in the company’s core HCI software and solid adoption of its new capabilities. It reported revenues of $344.5 million in the third quarter, reflecting year-over-year improvement of 8%.
Zacks Rank & Stocks to Consider
Nutanix currently carries a Zacks Rank #3 (Hold), while Build-A-Bear sports a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Advanced Micro Devices’ fourth-quarter 2021 earnings has been revised upward by 7 cents to 75 cents per share over the past 60 days. For 2021, earnings estimates have moved north by 1 cent to $2.64 per share in the last 60 days.
Advanced Micro Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 14%. Shares of AMD have rallied 58.2% in the YTD period.
The consensus mark for Qualcomm’s first-quarter fiscal 2022 earnings has been raised to $3.01 per share from $3 in the past 30 days. For fiscal 2022, earnings estimates have been revised upward by 1.5% to $10.49 per share in the past 30 days.
Qualcomm’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 11.2%. Shares of QCOM have gained 19.7% YTD.
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Nutanix (NTNX), Build-A-Bear Tie Up For Bear Builder 3D Workshop
Nutanix (NTNX - Free Report) recently collaborated with Build-A-Bear Workshop (BBW - Free Report) , Buzz 3D and TierPoint to jointly develop technology to power an interactive online shopping experience — Bear Builder 3D Workshop.
The new addition will not only accelerate the global retailer and entertainment company’s digital transformation process but also provide consumers an innovative way to purchase a furry friend for life virtually, which can provide real-world hugs to guests of all ages. This high-end digital experience does not have high bandwidth requirements and can be run on both PC and mobile devices.
With this move, Build-A-Bear’s expanded business model goes beyond mere simple transactional engagements. It has leveraged Nutanix Frame, a Desktop as a Service (“DaaS”) solution that streams high performance and graphics-intensive applications to develop this 3D online Workshop.
Build-A-Bear leverages TierPoint’s public cloud-as-a-service model, which runs Nutanix’s hyper-converged infrastructure (HCI) software.
Nutanix, a pioneer in HCI solutions, is expected to benefit from its HCI growth prospects in the long run. Per a report of MarketsandMarkets, the global HCI market is anticipated to reach $27.1 billion by 2025, witnessing a CAGR of 28.1% during the 2020-2025 period.
Nutanix Price and Consensus
Nutanix price-consensus-chart | Nutanix Quote
In the fiscal third quarter, Nutanix’s clientele totaled 19,430 with the addition of 660 customers. Its growing recurring revenue stream reflects customer loyalty to its solutions, which improves the visibility of the revenue growth trajectory. The third-quarter top line was primarily driven by growth in the company’s core HCI software and solid adoption of its new capabilities. It reported revenues of $344.5 million in the third quarter, reflecting year-over-year improvement of 8%.
Zacks Rank & Stocks to Consider
Nutanix currently carries a Zacks Rank #3 (Hold), while Build-A-Bear sports a Zacks Rank #1 (Strong Buy).
Some better-ranked stocks in the broader technology sector are Advanced Micro Devices (AMD - Free Report) and Qualcomm (QCOM - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Advanced Micro Devices’ fourth-quarter 2021 earnings has been revised upward by 7 cents to 75 cents per share over the past 60 days. For 2021, earnings estimates have moved north by 1 cent to $2.64 per share in the last 60 days.
Advanced Micro Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 14%. Shares of AMD have rallied 58.2% in the YTD period.
The consensus mark for Qualcomm’s first-quarter fiscal 2022 earnings has been raised to $3.01 per share from $3 in the past 30 days. For fiscal 2022, earnings estimates have been revised upward by 1.5% to $10.49 per share in the past 30 days.
Qualcomm’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 11.2%. Shares of QCOM have gained 19.7% YTD.