Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Nutanix Q1 Results Offset By Slowing Annual Recurring Revenue, Federal Vertical Weakness: Analysts

Nutanix, Inc. (NASDAQ:NTNX) shares are trading lower on Wednesday. The company’s annual recurring revenue grew 18%, while revenue jumped 16%.

Needham analyst Mike Cikos reiterated the Buy rating on Nutanix, raising the price forecast to $90 from $80. He raised the fiscal 2025 estimate from $1.36 to $1.42.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.