Nutanix: After The Beat-And-Raise, It's Time To Buy The Dip
Portfolio Pulse from
Nutanix shares fell ~8% despite beating Q1 expectations and raising full-year margin and FCF estimates. The company showed strong revenue growth and increased ARR and customer base, but U.S. federal purchasing uncertainty is factored into its outlook.
November 28, 2024 | 2:15 pm
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Nutanix shares fell ~8% after Q1 results, despite beating expectations and raising estimates. Revenue growth and ARR are strong, but federal purchasing uncertainty is a concern.
Nutanix's strong Q1 results and raised estimates indicate positive business momentum, but the market reacted negatively, likely due to concerns over federal purchasing uncertainty. This presents a potential buying opportunity if federal purchases align with past trends.
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