Nutanix, Inc. NTNX reported better-than-expected earnings for the third quarter.
Nutanix exceeded market estimates of 3 cents per share with adjusted earnings of 4 cents per share. For the quarter, the company’s sales totaled $448.58 million, beating expectations of $432.91 million.
Shares of Nutanix rose 16.1% to $29.49 in the pre-market trading session today.
- Keybanc analyst Michael Turits maintained an Overweight rating while raising the price target on Nutanix from $33 to $38.
- Barclays analyst Tim Long maintained an Overweight rating while increasing the price target on Nutanix from $34 to $38.
Read more: Investor Sentiment Drops Further After Dow Falls For Fourth Straight Session
