NutanixNASDAQ: NTNX

Nutanix, Inc. offers a compelling investment opportunity with its stable growth trajectory and strategic positioning in cloud computing solutions. Nutanix's valuation of 31x next year's non-GAAP operating profits appears attractive, reflecting its robust revenue base and anticipated margin improvements. Overall, I'm bullish on Nutanix, Inc., particularly since the stock took a breather.

Recently, Zacks.com users have been paying close attention to Nutanix (NTNX). This makes it worthwhile to examine what the stock has in store.

Explore how Nutanix's (NTNX) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.

SAN JOSE, Calif.--(BUSINESS WIRE)--Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced that it received a notice of conversion from BCPE Nucleon (DE) SPV, LP, an entity affiliated with Bain Capital, for the conversion of $817.6 million aggregate principal amount, representing the entire outstanding principal amount, of Nutanix's 2.50% convertible senior notes due 2026, which Nutanix originally issued in September 2020 and were redeemable under certain circumstances.

Investors need to pay close attention to Nutanix (NTNX) stock based on the movements in the options market lately.

The cloud-computing service reseller beat Wall Street's earnings expectations but offered weak revenue guidance for the next quarter. The stock had gained 149% over the past year before this report, so a mixed bag wasn't strong enough.

Nutanix (NTNX) delivers steady growth in ACV billings in third-quarter fiscal 2024, primarily driven by continued demand for its hybrid multi-cloud software solutions.

Nutanix, Inc. (NASDAQ:NTNX ) Q3 2024 Earnings Conference Call May 29, 2024 4:30 PM ET Company Participants Rich Valera - VP, IR Rajiv Ramaswami - President and CEO Rukmini Sivaraman - CFO Conference Call Participants Pinjalim Bora - JPMorgan Jason Ader - William Blair Wamsi Mohan - Bank of America Simon Leopold - Raymond James Meta Marshall - Morgan Stanley Mike Cikos - Needham & Company Matt Hedberg - RBC Capital Markets Ben Bollin - Cleveland Research Company George Wang - Barclays Operator Good day and thank you for standing by, and welcome to Nutanix Q3 2024 Earnings Conference Call. At this time all participants are in listen-only mode.

The headline numbers for Nutanix (NTNX) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.