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Nutanix, Inc. (NASDAQ:NTNX), a leader in prepackaged software services with a market capitalization of $19.4 billion, announced the resignation of board director Brian Stevens, effective Monday. Stevens’ departure from the San Jose-based company is not the result of any disagreement on company operations, policies, or practices.
The resignation of Stevens, which was formally submitted on June 14, 2025, was acknowledged by Nutanix’s Board of Directors, who expressed their gratitude for his valuable service and contributions during his tenure.
This executive change was disclosed in a recent 8-K filing with the Securities and Exchange Commission. The filing did not indicate any immediate replacement or changes to the company’s executive team following Stevens’ resignation.
Nutanix, incorporated in Delaware and headquartered at 1740 Technology Drive, Suite 150, San Jose, California, continues to operate under its existing executive structure. The company’s Class A Common Stock, with a par value of $0.000025 per share, is traded on The Nasdaq Global Select Market under the trading symbol NTNX. According to InvestingPro analysis, the company maintains healthy liquidity with a current ratio of 1.88, though it currently trades above its Fair Value. Subscribers can access 12 additional ProTips and comprehensive financial analysis in the Pro Research Report.
The information in this article is based on a press release statement.
In other recent news, Nutanix has reported its third-quarter fiscal year 2025 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $0.42 against the forecasted $0.38. The company also surpassed revenue projections, generating $639 million compared to the anticipated $594.44 million, marking a 22% year-over-year increase. Piper Sandler has upgraded its price target for Nutanix to $88 from $76, maintaining an Overweight rating, citing stable growth and a strong performance in new customer acquisitions. The firm highlighted Nutanix’s strategic partnerships with Dell (NYSE:DELL) and Cisco (NASDAQ:CSCO), which are reinforcing its market position. Despite a minor aftermarket stock decline, Nutanix’s financial results have bolstered confidence in its future free cash flow estimates. The company continues to focus on enhancing its sales, marketing, and R&D investments, projecting sustained growth in its large deal pipeline. For the fourth quarter, Nutanix forecasts revenue between $635 million and $645 million, with full fiscal year 2025 revenue guidance set at $2.52 to $2.53 billion, representing a 17.5% year-over-year increase.
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