Nutanix (NTNX) Stock

Users of Zacks.com have been paying a lot of attention to Nutanix (NTNX) lately. Therefore, it's important to understand the key information that could influence the future of the stock.

SAN JOSE, Calif., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Nutanix, Inc. (“Nutanix”) (Nasdaq: NTNX), a leader in hybrid multicloud computing, has announced the pricing of $750 million in 0.50% convertible senior notes due in 2029. This private placement is aimed at qualified institutional buyers under Rule 144A of the Securities Act of 1933. Additionally, Nutanix has given the initial buyers the option to purchase up to $112.5 million more in notes within 13 days of the initial issuance, with the sale expected to close on December 16, 2024, pending standard conditions.

SAN JOSE, Calif., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Nutanix, Inc. (“Nutanix”) (Nasdaq: NTNX), a leader in hybrid multicloud computing, has announced plans to offer $750 million in convertible senior notes due in 2029. This offering will be made to qualified institutional buyers under Rule 144A of the Securities Act of 1933, depending on market conditions. Additionally, Nutanix may allow the initial buyers to purchase up to $112.5 million more in notes within 13 days of the initial issuance.

Look into Nutanix's (NTNX) global revenue trends and how they affect Wall Street's predictions and the potential future of the stock.

Look into Nutanix's (NTNX) global revenue trends and how they affect Wall Street's predictions and the potential future of the stock.

Nutanix (NTNX) has recently caught the attention of Zacks.com users. Therefore, it's important to look into what the future holds for this stock.

Nutanix's shares dropped about 8% after they announced their Q1 results, even though they exceeded analysts' expectations and improved their full-year margin and free cash flow forecasts. The company's Q1 results revealed a 16% increase in revenue, which is an improvement from the 11% growth in the previous quarter, along with a notable rise in annual recurring revenue and customer numbers, showing strong business progress. Nutanix has factored in potential uncertainties regarding U.S. federal purchases into its full-year predictions, suggesting there could be a positive outcome if these purchases follow trends from previous years.

Is Nutanix (NTNX) a strong choice for momentum investors? Let's take a closer look.

Nutanix (NTNX) has received a Zacks Rank #1 (Strong Buy) upgrade, indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price in the short term.