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Nutanix Inc . (NASDAQ:NTNX) shares have reached an unprecedented peak, touching an all-time high of $79.6, with the cloud computing company now commanding a market capitalization of $18.58 billion. According to InvestingPro data, the stock has demonstrated remarkable momentum, surging over 30% in the past six months alone. This milestone underscores a period of robust performance for the cloud computing company, which has seen its stock value surge by 17.46% over the past year. The company’s impressive gross profit margin of 85.44% and revenue growth of 14.86% have bolstered investor confidence. While analysts maintain a bullish outlook with price targets reaching up to $100, InvestingPro analysis suggests the stock may be trading above its Fair Value. For deeper insights, investors can access 10 additional exclusive ProTips and comprehensive valuation metrics through the Pro Research Report, available for over 1,400 US stocks.
In other recent news, Nutanix reported financial results for the second quarter of fiscal year 2025, surpassing revenue expectations with $655 million, compared to the forecast of $641.5 million. The company posted earnings per share of $0.46, slightly below the forecast of $0.47, but demonstrated strong sales performance and effective cost management. Piper Sandler, Needham, and Raymond (NSE:RYMD) James have all raised their price targets for Nutanix, reflecting confidence in the company’s growth trajectory. Piper Sandler increased its target to $88, Needham to $92, and Raymond James to $83, citing Nutanix’s strong performance indicators and strategic positioning within the industry. Analysts noted the company’s success in securing new deals, particularly within the Global 2000, and highlighted its expanding partnerships with firms like Cisco (NASDAQ:CSCO) and Dell (NYSE:DELL). Nutanix’s Annual Recurring Revenue grew by 19% year-over-year, and its Free Cash Flow has been bolstered by disciplined renewal activities. The company’s management has expressed satisfaction with the progress and provided optimistic guidance for fiscal year 2025, projecting revenue between $2.495 billion and $2.515 billion.
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