Nutanix Guides Q1 Revenue to $755M-$765M, Above Consensus
NTNX sits 95% above its 52-week low of $34.01.
Summary
Nutanix issued first-quarter revenue guidance of $755M-$765M, a range that implies roughly 7-9% year-over-year growth and sits above the $703.1M reported in Q3. This is the first time the company has provided a specific Q1 outlook, giving traders a concrete number to model against consensus. The guidance follows a strong Q3 and a 5% workforce reduction announced earlier this month, suggesting management sees continued demand despite cost cuts. The midpoint of $760M would represent a sequential step-up from Q3, reinforcing the positive trajectory. Watch for the earnings call to confirm whether this range reflects new large deals or just seasonal strength.
At the time of this announcement, NTNX was trading at $66.30 on NASDAQ in the Technology sector, with a market capitalization of approximately $18B. The 52-week trading range was $34.01 to $82.42. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.