5 Stocks Drawing Attention on Quarterly Results

In this article, we discuss the 5 stocks drawing attention on quarterly results. If you want to read our detailed analysis of these companies, go directly to the 11 Stocks Drawing Attention on Quarterly Results. 

5. Nutanix, Inc. (NASDAQ:NTNX)

Number of Hedge Fund Holders: 29

Nutanix, Inc. (NASDAQ:NTNX) recently announced better-than-expected financial results for its fiscal third quarter. However, its sales outlook disappointed investors, sending its shares down more than 35 percent in the pre-market trading session on Thursday, May 26, 2022.

The cloud computing company reported an adjusted loss of 5 cents per share, narrower than the adjusted loss of 41 cents per share in the year-ago period. Revenue for the quarter increased 17.2 percent on a year-over-year basis to $403.66 million. Analysts were expecting Nutanix, Inc. (NASDAQ:NTNX) to report a loss of 22 cents per share on revenue of $397.87 million.

Looking forward, Nutanix, Inc. (NASDAQ:NTNX) expects revenue in the range of $340 – $360 million for its fiscal fourth quarter and between $1.535 – $1.555 billion for its fiscal year 2022. However, the outlook is below the consensus of $439 million for the current quarter and $1.63 billion for the full year.

Discussing the guidance, CEO Rajiv Ramaswami said:

“Late in the third quarter, we saw an unexpected impact from challenges that limited our upside in the quarter and affected our outlook for the fourth quarter. Increased supply chain delays with our hardware partners account for the significant majority of the impact to our outlook, and higher-than-expected sales rep attrition in the third quarter was also a factor.”