On August 27, Nutanix Inc. rose 6.29% overnight, trading at $69.5/share, with turnover of $12,000. The rally was driven by stronger-than-expected fiscal Q4 results and upbeat forward guidance released after the prior session's close.
Nutanix reported fiscal Q4 revenue of $757.1 million, up 16% year-over-year from $653.3 million, surpassing the consensus estimate of approximately $738 million. Adjusted gross margin reached 87.7%, reflecting strong profitability. The company issued fiscal Q1 revenue guidance of $755 million to $765 million versus analyst expectations of $756 million, and full-year fiscal 2027 revenue guidance of $3.18 billion to $3.23 billion, both above consensus.
Alongside earnings, Nutanix announced the Enterprise AI 2.8 platform upgrade, strengthening its positioning in enterprise-grade Agentic AI. UBS had previously highlighted a 40%-50% pipeline increase driven by VMware migration activity and raised its price target to $80 from $62 with a Buy rating. Despite a reported adjusted EPS of $0.13 falling below the $0.49 estimate, investors appear to have focused on revenue momentum and forward guidance.
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