Nutanix Shares Rise Over 16% in August on Strong Earnings and Analyst Upgrades
In August 2026, Nutanix (NASDAQ: NTNX) saw its stock rise more than 16%, driven by strong fiscal fourth-quarter results that exceeded expectations. The cloud and enterprise software company reported revenue of $757 million for the quarter—a year-over-year increase of 16%—and non-GAAP net income of over $175 million, surpassing analyst forecasts. Despite an early announcement about a planned workforce reduction costing between $33 million to $43 million, Nutanix’s positive earnings report and strong guidance for fiscal 2027 fueled investor confidence. The company also raised its revenue forecast range to $3.18 billion–$3.23 billion and projected free cash flow of $850 million–$950 million. Analysts from major firms including Bank of America, Morgan Stanley, and Wells Fargo upgraded their price targets following the report, contributing further to Nutanix’s stock performance.
Topics: Company News Earnings Stock Performance