Nutanix Sees Q4 2024 Revenue $530M-$540M Vs $546.068M Est.
Portfolio Pulse from Benzinga Newsdesk
Nutanix has projected its Q4 2024 revenue to be between $530 million and $540 million, which is below the estimated $546.068 million.
May 29, 2024 | 8:30 pm
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Nutanix has projected its Q4 2024 revenue to be between $530 million and $540 million, which is below the estimated $546.068 million. This shortfall may lead to a negative market reaction.
The revenue projection falling short of estimates typically signals potential underperformance, which can lead to a negative reaction from investors and a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100