Why Nutanix Rallied 25.1% in August
NTNXNutanix(NTNX) The Motley Fool·2024-09-07 22:00

The enterprise software company handily beat analyst estimates in its fourth fiscal quarter.Shares of hybrid cloud software provider Nutanix (NTNX -4.36%) rallied 25.1% in the month of August, according to data from S&P Global Market Intelligence.Nutanix's fiscal fourth-quarter earnings report, released on Aug. 28, outpaced analyst estimates and also gave solid guidance for the year ahead.A beat and raise with healthy free cash flowIn the quarter, Nutanix grew revenue 11% to $548 million while posting adjus ...