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$NTNX

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Wire

Nutanix's Guidance Achievable After Solid Q3, RBC Says

Nutanix (NTNX) delivered solid Q3 results with outperformance across the board as fiscal 2026 guidance moved higher, RBC Capital Markets said in a Wednesday note.The note said annual recurring revenue accelerated in Q3 and bookings grew over 20% along with good traction across their product portfolio and partnerships.Even as the macros remained challenged on continued supply chain constraints, the company noted that customers have gotten better at navigating the challenges, the report added."We feel guidance remains achievable with opportunities for upside as company-specific growth drivers materialize over time," the report said.RBC raised its price target to $58 from $55 on higher estimates and reaffirmed its outperform rating.Price: $49.35, Change: $+2.78, Percent Change: +5.97%

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Wire

Nutanix's Guidance Remains Achievable, RBC Capital Markets Says

Nutanix's (NTNX) guidance remains achievable with potential for upside as growth drivers materialize over time, RBC Capital Markets said in a research report emailed Thursday.The macroeconomic conditions remain challenged amid supply chain constraints, but the company highlighted that clients have got better at executing in this dynamic environment, analysts wrote.The company's 2026 guidance has factored in supply chain roadblocks, which could keep weighing on revenue timing on a quarterly basis, the firm noted. Management expects hardware prices to remain elevated heading into 2027, according to the note.The current geopolitical environment has created a more difficult setup for new logo additions, RBC stated.The brokerage reiterated its outperform rating on the stock and boosted its price target to $58 per share from $55.Price: $49.56, Change: $+2.99, Percent Change: +6.42%

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Research

Research Alert: CFRA Maintains Hold Rating On Shares Of Nutanix Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target price to $53, from $45, on a forward P/E of 24x our FY 27 EPS projection of $2.19, below its three-year average. We raise our FY 26 EPS forecast to $1.93 from $1.84, and raise our FY 27 EPS estimate to $2.19 from $2.15. NTNX reported solid Q3 results, with revenue of $703M fueled by over-20% TCV bookings growth, though supply chain headwinds persist. ARR grew 15% Y/Y to $2.435B. While hardware lead times are starting to normalize for some vendors, others are extending as long as six months, reducing revenue conversion visibility in the short term. That said, we believe underlying demand remains healthy, and we note traction with external storage solutions as customers increasingly book ahead to navigate hardware shortages, a partial offset to revenue pressures. Net dollar retention declined 100 bps from 107% in Q2, impacted by delayed revenue recognition due to the server supply constraints. Margins outperformed as non-GAAP operating margin rose 80 bps Y/Y.

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Wire

Nutanix Q4 Outlook Signals Supply Chain, Macro Pressures, Morgan Stanley Says

Nutanix (NTNX) reported a fiscal Q3 beat but issued a softer-than-expected Q4 outlook, suggesting supply chain issues and macroeconomic pressures, Morgan Stanley said in a note Thursday.The company set Q4 revenue guidance of $725 million to $745 million, which came in slightly below expectations at the midpoint, Morgan Stanley said. Nutanix also guided for a non-GAAP operating margin of 21% to 23%, lower than Street estimates after its Q3 margin beat.Management said ongoing server hardware shortages, higher hardware costs, and longer delivery times continue to impact the business. The company also expects weaker new business activity in the Middle East, which represents about 5% of its exposure, the firm added.Morgan Stanley said callback commentary reinforced that supply issues vary by vendor and product configuration, with delivery times ranging from a few weeks to six months. Mission-critical workloads have remained more resilient than less urgent deployments."Over the long term, with an expanding solution platform Nutanix has an attractive opportunity to sustain double-digit growth for several years into the future," the bank said, adding that for now, it remains equal-weight until factors affecting revenue timing and visibility become clearer.Morgan Stanley raised its price target on Nutanix from $53 to $55.Price: $48.83, Change: $+2.26, Percent Change: +4.85%

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Research

Research Alert: Ntnx Posts Q3 Beats; Margins Outlook Show Improvement

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:NTNX delivered Q3 FY 26 beats, with revenue of $703.1M (+10% Y/Y) exceeding consensus by $16.7M, due to subscription traction and healthy demand. Annual recurring revenue grew 14% Y/Y to $2.43B, though sequential growth decelerated. Strong operating leverage drove GAAP margin expansion of 240 bps to 10.0% and non-GAAP margin growth of 80 bps to 22.3%. The company launched strategic AI initiatives including Nutanix Agentic AI solution, NetApp alliance, and NKP Metal for Kubernetes, positioning NTNX to capitalize on AI infrastructure demand beyond traditional virtualization. Management raised FY 26 revenue guidance to $2.82B-$2.84B and non-GAAP operating margin to 22.5%, while increasing FCF expectations to $760M-$780M, though Q4 revenue guidance of $725M-$745M came below estimates. We believe the margin and FCF guidance increases suggest moderation in supply chain challenges, while AI initiatives expand NTNX's addressable market opportunities in hybrid cloud and enterprise AI adoption.

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Wire

Nutanix Fiscal Q3 Adjusted Earnings, Revenue Rise; Q4 Guidance Set

Nutanix (NTNX) reported fiscal Q3 adjusted earnings late Wednesday of $0.47 per diluted share, up from $0.42 a year earlier.Analysts polled by FactSet expected $0.36.Revenue for the three months ended April 30 was $703.1 million, up from $639 million a year earlier.Analysts surveyed by FactSet expected $686.3 million.For Q4, the company expects revenue of $725 million to $745 million. Analysts expect $742.2 million.For the full-year 2026, the company now expects revenue of $2.82 billion to $2.84 billion. Analysts expect $2.82 billion.

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Wire

Nutanix Shares Fall After Downgrade From JPMorgan

Nutanix's (NTNX) shares were down nearly 7% in Friday trading after JPMorgan downgraded the enterprise cloud software company's stock to neutral from overweight and adjusted its price target to $44 from $55.Trading volume stood at over 3.1 million shares, versus the daily average of roughly 4.9 million.Price: $34.51, Change: $-2.43, Percent Change: -6.58%

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Research

JPMorgan Downgrades Nutanix to Neutral From Overweight, Adjusts PT to $44 From $55

Nutanix (NTNX) has an average rating of overweight and mean price target of $55.71, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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