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Nutanix, Inc. (NTNX - Free Report) just released its second-quarter fiscal 2018 financial results, posting an adjusted loss of $0.14 per share and revenues of $286.7 million.
Currently, Nutanix is a Zacks Rank #3 (Hold) and is up over 2% to $37 per share in after-hours trading shortly after its earnings report was released.
NTNX:
Beat earnings estimates. The company posted an adjusted loss of $0.14 per share, beating the Zacks Consensus Estimate that called for a loss of $0.21 per share.
Beat revenue estimates. The company saw revenue figures of $286.7 million, topping our consensus estimate of $282.95 million.
Nutanix’s revenues jumped 44% from $199.2 million in the year-ago period. Looking ahead to its upcoming quarter, the company now expects revenues in the range of $275 million and $280 million—which assumes the elimination of approximately $45 million in pass-through hardware revenue.
Nutanix also projects to post an adjusted net loss per share between $0.19 and $0.21 in Q3.
“Our software and support billings also rose significantly during the quarter, demonstrating our progress as we transition to a software-centric business model,” CFO Duston Williams said in a statement. “Our strong execution on our strategic initiatives, together with our successful convertible debt offering, put us in a strong position for the future.”
Here’s a graph that looks at NTNX’s Price, Consensus and EPS Surprise history:
Nutanix, Inc. provides an enterprise cloud platform which converges silos of server, virtualization and storage into integrated solution and connects to public cloud services. Nutanix, Inc. is based in San Jose, United States.
Check back later for our full analysis on NTNX’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Nutanix (NTNX) Tops Q2 Earnings & Revenue Estimates
Nutanix, Inc. (NTNX - Free Report) just released its second-quarter fiscal 2018 financial results, posting an adjusted loss of $0.14 per share and revenues of $286.7 million.
Currently, Nutanix is a Zacks Rank #3 (Hold) and is up over 2% to $37 per share in after-hours trading shortly after its earnings report was released.
NTNX:
Beat earnings estimates. The company posted an adjusted loss of $0.14 per share, beating the Zacks Consensus Estimate that called for a loss of $0.21 per share.
Beat revenue estimates. The company saw revenue figures of $286.7 million, topping our consensus estimate of $282.95 million.
Nutanix’s revenues jumped 44% from $199.2 million in the year-ago period. Looking ahead to its upcoming quarter, the company now expects revenues in the range of $275 million and $280 million—which assumes the elimination of approximately $45 million in pass-through hardware revenue.
Nutanix also projects to post an adjusted net loss per share between $0.19 and $0.21 in Q3.
“Our software and support billings also rose significantly during the quarter, demonstrating our progress as we transition to a software-centric business model,” CFO Duston Williams said in a statement. “Our strong execution on our strategic initiatives, together with our successful convertible debt offering, put us in a strong position for the future.”
Here’s a graph that looks at NTNX’s Price, Consensus and EPS Surprise history:
Nutanix Inc. Price, Consensus and EPS Surprise
Nutanix Inc. Price, Consensus and EPS Surprise | Nutanix Inc. Quote
Nutanix, Inc. provides an enterprise cloud platform which converges silos of server, virtualization and storage into integrated solution and connects to public cloud services. Nutanix, Inc. is based in San Jose, United States.
Check back later for our full analysis on NTNX’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>