Nutanix Inc Stock Price, News & Analysis

Nutanix (NTNX) has announced an expanded strategic collaboration with Amazon Web Services (AWS) to simplify cloud migration and enhance hybrid cloud capabilities. Through Nutanix Cloud Clusters (NC2) on AWS, customers can extend their on-premises Nutanix environment to AWS, accessing various AWS services including databases, storage, and AI/ML capabilities. The partnership offers promotional credits for migrations, free proof-of-concept trials, and licensing pricing promotions through the AWS Migration Acceleration Program. Customers can benefit from faster app migrations without refactoring, improved cloud efficiency, and simplified procurement through AWS Marketplace.

Nutanix (NTNX) has been positioned furthest in vision among all vendors in the 2024 Gartner Magic Quadrant for File and Object Storage Platforms. This recognition highlights the company's strong vision for enterprise storage that unifies unstructured data across edge, public and private clouds. Nutanix Unified Storage (NUS) offers a modern scale-out architecture, software-defined storage, cloud operating model, integrated cyber resilience, and unified platform licensing. The platform showed significant advancements in AI workload performance, data protection, cyber resilience, and expanded hybrid cloud integration with AWS.

Nutanix (NASDAQ: NTNX) has been named a Leader in the 2024 Gartner Magic Quadrant for Distributed Hybrid Infrastructure. This recognition is attributed to Nutanix's vision and investments in integrating edge, private, and public clouds, as well as its platform supporting both cloud-native and traditional applications with unified management.

Nutanix provides a secure, resilient platform for running applications and managing data across various cloud environments. The company has recently announced joint solutions with Dell Technologies, introduced GPT-in-a-Box 2.0 AI solution, launched the Nutanix Kubernetes Platform, and added new functionality to its AHV hypervisor.

Several customers, including Day Lewis, Regent's University London, Titan America, and Treasure Island Hotel and Casino, have shared positive experiences transitioning from VMware to Nutanix, citing simplification of operations and smooth migration processes.

Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, has announced its participation in an upcoming investor event. The company's management will present at the Goldman Sachs Communacopia + Technology Conference on Monday, September 9, 2024, at 2:25 p.m. PDT (5:25 p.m. EDT).

Investors and interested parties can access a live webcast of the presentation through the Nutanix Investor Relations website at ir.nutanix.com. A replay of the presentation will also be available on the same platform for those unable to attend the live event.

This conference provides an opportunity for Nutanix to showcase its latest developments and strategies in the hybrid multicloud computing sector to the financial community.

Nutanix (NASDAQ: NTNX) reported its financial results for Q4 and fiscal year 2024, ending July 31, 2024.

Key highlights include:

• Annual Recurring Revenue (ARR) increased by 22% YoY, reaching $1.91 billion.
• Q4 Revenue grew 11% YoY to $548 million.
• GAAP Operating Income for FY2024 was $7.6 million, a notable improvement from a loss of $207.2 million in FY2023.
• Non-GAAP Operating Income increased to $347.1 million from $161 million in the previous year.
• Free Cash Flow surged to $597.7 million from $207 million in FY2023.

For Q1 FY2025, Nutanix expects revenue between $565-$575 million and a non-GAAP operating margin of 14.5%-15.5%. Fiscal 2025 guidance estimates revenue at $2.435-$2.465 billion and free cash flow between $540-$600 million.

Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, has announced the date for its fiscal fourth quarter and fiscal year 2024 financial results release. The company will report its results on Wednesday, August 28, 2024, after U.S. markets close. A conference call and earnings webcast are scheduled for 4:30 p.m. EDT / 1:30 p.m. PDT on the same day to discuss the financial results.

Interested parties can access the conference call by registering online to receive dial-in details and a unique PIN. The webcast will be available live on the Nutanix Investor Relations website, with an archived replay accessible shortly after the call.

Nutanix (NASDAQ: NTNX) has released its sixth annual Financial Services Enterprise Cloud Index (ECI) survey and research report, revealing significant upcoming trends in the financial services and insurance industry. The study projects a threefold increase in hybrid multicloud adoption over the next three years, driven by the need for enhanced data security, ransomware protection, and the integration of AI technologies.

Key findings indicate that 99% of respondents experienced ransomware attacks in the past three years, with 89% acknowledging room for improvement in their cybersecurity measures. Financial services decision-makers also prioritize AI investments and cost management. Nearly 78% plan to increase spending on cloud computing, AI, and ransomware protection.

The report emphasizes the importance of flexibility, security, and data capabilities in cloud service selection, with sustainability also ranked highly. In the past year, 97% of financial services organizations moved applications to different IT infrastructures to improve performance, security, and compliance.

Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, has announced the appointment of Brian Martin as Chief Legal Officer, effective June 18, 2024.

Martin brings over 20 years of legal leadership experience in B2B technology firms and has a history of managing large multinational teams, driving transitions to cloud services, and leveraging legal functions as competitive advantages.

Previously, he held senior legal positions at Lyten, Juniper Networks, KLA-Tencor , and Sun Microsystems. Martin is also an instructor at Stanford Law and serves on the boards of Family Supportive Housing and The Law Foundation Silicon Valley.

Nutanix (NASDAQ: NTNX) has received a notice of conversion from Bain Capital affiliate BCPE Nucleon (DE) SPV, LP for its entire $817.6 million principal amount of 2.50% convertible senior notes due 2026.

The notes, originally issued in September 2020, will be settled with $817.6 million in cash and approximately 16.9 million shares of Class A common stock. The conversion value is based on a 25-trading day volume-weighted average price of $65.51 per share. The shares will be delivered by late July 2024 after regulatory approvals.

Following the conversion, Bain Capital partners Max de Groen and David Humphrey will continue to serve on Nutanix's Board of Directors. Bain Capital intends to hold onto the newly acquired shares, signaling confidence in Nutanix’s future.