Nutanix Plummets 20%, Q2 Beat Overshadowed By Lower Guidance

Nutanix Inc NTNX shares are trading lower by $6.00 (19 percent) at $25.12 in Friday's session.

After Thursday's close, the company reported an adjusted Q2 EPS beat of $0.07 along with a nearly $4 million beat for revenues. However, that's being overshadowed by its lower guidance for Q3. The company forecasts Q3 adjusted EPS of $(0.45)- $(0.48) vs. $(0.35) estimates and sales in the $180-$190 million range vs. $188.45 estimates.

See Also: Nutanix CFO Explains Conservative Guidance: 'There Is A Chance For Over Performance'

After a lower open, Nutanix's stock continued in that direction until it bottomed at $24.50 and reversed course. That low coincides with a pair of lows from December 13 and 14 at $24.80. Since making that low, it rebounded to $25.55 but has fallen back to the $25.00 area.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!