|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||16.47 - 17.14|
|52-week range||16.47 - 17.14|
|Beta (5Y monthly)||1.49|
|PE ratio (TTM)||N/A|
|Earnings date||25 May 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Shares of Nutanix (NASDAQ: NTNX) dropped 20.1% this week, according to S&P Global Market Intelligence. The hybrid cloud company reported solid growth for its fiscal third quarter, but the results were well below the consensus analyst expectations. Revenue grew 17% year over year to $404 million, with annual recurring revenue (ARR) up 46% year over year to $1.1 billion.
SAN JOSE, Calif., May 26, 2022--Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced that its management will present at the following upcoming financial community virtual event:
Shares of cloud computing company Nutanix (NASDAQ: NTNX) fell sharply this morning after that the company reported a third-quarter loss that was far worse than expected and issued revenue guidance that was below Wall Street's average estimate. Nutanix's third-quarter sales increased 17% from the year-ago quarter to $403.7 million and beat analysts' consensus estimate of $397.9 million. Nutanix's diluted loss per share of $0.50 in the quarter was an improvement from a loss of $0.60 in the year-ago quarter, but it was far worse than the loss of $0.22 that Wall Street was expecting.