Cloud-Software Company Outperforms Expectations

  • Nutanix stock up 14% after beating Q4 earnings
  • Adjusted EPS of 27 cents, better than expected 20 cents
  • Revenue for the quarter was $548 million, higher than expected $536.9 million
  • Fiscal fourth-quarter loss of $126.1 million
  • Current year revenue guidance: $2.44 billion to $2.47 billion

Shares of Nutanix, a cloud-software company based in San Jose, California, surged after reporting better-than-expected quarterly results and providing strong revenue guidance for the current year. The stock rose by 14.1% to $59.64 following the announcement, up from its previous closing price of $52.29. This marks a 9.7% increase for the year so far. Nutanix posted a fiscal fourth-quarter loss of $126.1 million or 51 cents per share, compared to a loss of $13.3 million or 6 cents per share in the same quarter last year. On an adjusted basis, earnings per share were 27 cents, surpassing analysts’ recent estimates of 20 cents from FactSet. The company’s revenue for the quarter reached $548 million, exceeding expectations of $536.9 million. Nutanix expects revenue between $2.44 billion and $2.47 billion for the current year, surpassing analysts’ estimates of $2.44 billion.

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Factuality Level: 10
Factuality Justification: The article provides accurate information about Nutanix’s financial performance, including better-than-expected quarterly results and revenue projections, as well as the stock’s reaction to the news. It also includes specific numbers for losses, earnings, and revenue, and compares them with analyst expectations. The information is relevant, objective, and free from sensationalism or personal opinions.
Noise Level: 3
Noise Justification: The article provides relevant financial information about a company’s performance but lacks in-depth analysis or contextualization of the results and their implications. It mainly reports on stock price changes and financial figures without exploring the reasons behind them or discussing broader industry trends.
Public Companies: Nutanix (NTNX)
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Financial Relevance: Yes
Financial Markets Impacted: Nutanix’s stock price
Financial Rating Justification: The article discusses Nutanix’s financial performance and its impact on the company’s stock price, making it relevant to financial topics and affecting financial markets through changes in the company’s stock value.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Move Size: 14.1%
Sector: Technology
Direction: Up
Magnitude: Large
Affected Instruments: Stocks

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