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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

INSANE: Nutanix q1 results offset by slowing annual recurring revenue federal vertical weakness analysts | Rare Historical Photos

Nutanix Mike Cikos United States NTNX

Nutanix, Inc. (NASDAQ:NTNX) shares are trading lower on Wednesday. The company’s annual recurring revenue grew 18%, while revenue jumped 16%.

Needham analyst Mike Cikos reiterated the Buy rating on Nutanix, raising the price forecast to $90 from $80. He raised the fiscal 2025 estimate from $1.36 to $1.42.

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