On June 4, Nutanix fell 5.01% in regular trading, trading at $52.71 per share, with trading volume of $101 million.
The decline comes as the broader application software sector faces significant selling pressure. Among sector peers, Datadog fell 7.4%, Palantir Technologies dropped 7.05%, Strategy declined 5.63%, Salesforce fell 5.1%, and IREN Ltd slid 2.0%. The sector-wide weakness reflects broader macroeconomic headwinds weighing on high-growth software names.
While Nutanix reported a strong fiscal Q3 beat with adjusted EPS of $0.47 versus the $0.36 consensus and revenue of $703 million exceeding the $686 million estimate, the company issued a softer-than-expected Q4 outlook of $725-745 million, with the midpoint below the $742 million analyst consensus. Morgan Stanley noted the guidance signals ongoing supply chain constraints and macroeconomic pressures that may continue to affect near-term revenue timing.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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