Nutanix Stock Surges Over 16% in August on Strong Earnings
In late August, Nutanix (NTNX) reported strong fiscal fourth-quarter and full-year results that exceeded expectations. The company posted revenue of $757 million for the quarter—a year-over-year increase of 16%. Annual recurring revenue reached $2.55 billion, also up 16% from a year ago. Non-GAAP net income rose by 61%, surpassing analyst estimates and contributing to investor optimism. Following these results, Nutanix provided upbeat guidance for fiscal 2027, forecasting revenue between $3.18 billion and $3.23 billion along with free cash flow of $850 million to $950 million. Analysts from major firms like Bank of America, Morgan Stanley, and Wells Fargo raised their price targets after the earnings report. Despite an early August announcement about a 5% workforce reduction costing between $33 million and $43 million, Nutanix's stock closed the month with over a 16% gain. CEO Rajiv Ramaswami highlighted strong performance across both top-line growth and profitability.
Tickers: $NTNX