Nutanix shares are trading higher after the company reported better-than-expected Q1 financial results and raised FY24 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Nutanix stock is trading higher following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company has increased its revenue guidance for the fiscal year 2024.
November 29, 2023 | 9:44 pm
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Nutanix reported strong Q1 financial results, surpassing expectations, and raised its revenue guidance for FY24, leading to a rise in its stock price.
The positive earnings report and raised revenue guidance are strong indicators of the company's financial health and future prospects, which typically result in increased investor confidence and can drive the stock price up in the short term.
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