Why Nutanix Stock Dived by Nearly 18% Today
(NASDAQ: NTNX) won't be heading into the Thanksgiving holiday on a high note. The hybrid cloud computing specialist's stock took a major hit on Wednesday, cratering by almost 18% after the release of a dispiriting quarterly earnings report.
After market close on Tuesday, Nutanix unveiled its fiscal first quarter of 2026 results. The company's revenue grew by 13% year-over-year to $670.6 million, while net income not according to generally accepted accounting principles (GAAP) improved by 18% to hit $120.9 million ($0.41 per share). Annual recurring revenue (ARR), meanwhile, rose 18% to just under $2.3 billion.
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Source Fool.com
Nutanix Inc. Stock
€29.70
-5.920%
The stock is an absolute favorite of our community with 32 Buy predictions and no Sell predictions.
Based on the current price of 29.7 € the target price of 64 € shows a potential of 115.49% for Nutanix Inc. which would more than double the current price.
