Welcome to our dedicated page for Nutanix news (Ticker: NTNX), a resource for investors and traders seeking the latest updates and insights on Nutanix stock.
Nutanix, Inc. (symbol: NTNX) is a pioneering company in the field of enterprise cloud computing, making infrastructure invisible so businesses can focus on their applications and services. The company provides the Nutanix Enterprise Cloud Platform, which integrates compute, virtualization, and storage into a resilient, software-defined solution. With a design inspired by web-scale engineering and consumer-grade simplicity, Nutanix offers robust machine intelligence to ensure predictable performance, cloud-like infrastructure consumption, enhanced security, and seamless application mobility.
Core Offerings and Capabilities
- Compute, Virtualization, and Storage Convergence: Nutanix converges these critical IT functions natively into one platform.
- Machine Intelligence: The platform leverages advanced analytics and machine learning for optimized performance and resource utilization.
- Seamless Application Mobility: Facilitates easy transfer and management of applications across different environments.
- Predictable Performance: Ensures consistent and reliable performance metrics for enterprise applications.
Versatile Applications
Nutanix's solutions cater to a wide range of workloads, including large-scale virtual desktop initiatives (VDI), development and test applications, private cloud deployments, and big data projects like Hadoop. The platform enables rapid deployment and scalability, helping businesses to simplify their data center infrastructure significantly. Customers can deploy Nutanix appliances in under 30 minutes, gaining rapid time to value.
Global Presence and Partnerships
While the majority of Nutanix's revenue is generated from the United States, the company maintains a significant presence across Europe, the Middle East, Asia Pacific, Africa, and other regions. This global reach is complemented by strategic partnerships that enhance its market penetration and product offerings.
Financial Performance
Nutanix continues to demonstrate strong financial performance, driven by its innovative solutions and expanding customer base. The company's engineering team is led by experienced developers and architects who strive to deliver cutting-edge technologies that meet the evolving needs of enterprises worldwide.
Nutanix announced the pricing of $750 million aggregate principal amount of 0.50% convertible senior notes due 2029 in a private placement to qualified institutional buyers. The initial purchasers have an option to buy an additional $112.5 million within 13 days from the issuance, expected to settle on December 16, 2024.
The notes will bear interest at 0.50% per year, payable semi-annually, and will mature on December 15, 2029. Nutanix may redeem the notes on or after December 20, 2027, if the stock price reaches at least 130% of the conversion price for 20 trading days within a 30-day period.
Nutanix estimates net proceeds of approximately $734.3 million, or $844.5 million if additional notes are purchased. The proceeds will be used to repurchase $75 million of its 2027 notes, buy back $200 million worth of its Class A common stock, and for general corporate purposes. The initial conversion rate is 11.6505 shares per $1,000 principal amount, equating to $85.83 per share, a 32.5% premium over the last sale price on December 11, 2024.
Nutanix (NTNX) has announced plans to offer $750 million in convertible senior notes due 2029 through a private placement to qualified institutional buyers. The company will also grant initial purchasers an option for an additional $112.5 million in notes.
The notes will be unsecured senior obligations with semi-annual interest payments, maturing on December 15, 2029. They will be convertible into cash, Nutanix Class A common stock, or a combination of both. The proceeds will be used to repurchase a portion of existing 0.25% Convertible Senior Notes due 2027, repurchase up to $200 million of Class A common stock, and fund general corporate purposes including working capital, capital expenditures, and potential acquisitions.
Nutanix (NASDAQ: NTNX) has announced its participation in an upcoming investor event. The company's management will present at the Barclays 22nd Annual Global Technology Conference on Thursday, December 12, 2024, at 10:25 a.m. PST (1:25 p.m. EST). Investors and interested parties can access both the live webcast and replay of the presentation through the Nutanix Investor Relations website at ir.nutanix.com.
Nutanix (NTNX) reported strong Q1 FY2025 financial results, with 18% year-over-year ARR growth to $1.97 billion. Revenue increased 16% to $591.0 million, while GAAP operating income reached $27.3 million, compared to a loss in the previous year. The company demonstrated improved profitability with non-GAAP operating margin expanding to 20.0% and generated strong free cash flow of $151.9 million. Nutanix expanded its partnership with AWS and received recognition as a Leader in Gartner's Magic Quadrant for both Distributed Hybrid Infrastructure and File and Object Storage Platforms.
Nutanix (NTNX) has expanded its AI infrastructure platform with Nutanix Enterprise AI (NAI), a cloud-native solution deployable on any Kubernetes platform across edge, data centers, and major public cloud services. The offering enables organizations to run generative AI workloads with NVIDIA NIM optimization, supporting large language model deployment in minutes.
NAI provides a consistent multicloud operating model with transparent, resource-based pricing, avoiding token-based costs. The platform includes security features, role-based access controls, and supports both on-premises and public cloud deployments through AWS EKS, Azure AKS, and Google GKE.
Nutanix (NASDAQ: NTNX) has scheduled its first quarter fiscal year 2025 financial results announcement for Tuesday, November 26, 2024, after U.S. markets close. The company will host a conference call and earnings webcast at 4:30 p.m. EST / 1:30 p.m. PST on the same day. Interested participants can register online to receive dial-in details and a unique PIN. The webcast will be available live and archived on the Nutanix Investor Relations website.
Nutanix (NTNX) has announced an expanded strategic collaboration with Amazon Web Services (AWS) to simplify cloud migration and enhance hybrid cloud capabilities. Through Nutanix Cloud Clusters (NC2) on AWS, customers can extend their on-premises Nutanix environment to AWS, accessing various AWS services including databases, storage, and AI/ML capabilities. The partnership offers promotional credits for migrations, free proof-of-concept trials, and licensing pricing promotions through the AWS Migration Acceleration Program. Customers can benefit from faster app migrations without refactoring, improved cloud efficiency, and simplified procurement through AWS Marketplace.
Nutanix (NTNX) has been positioned furthest in vision among all vendors in the 2024 Gartner Magic Quadrant for File and Object Storage Platforms. This recognition highlights the company's strong vision for enterprise storage that unifies unstructured data across edge, public and private clouds. Nutanix Unified Storage (NUS) offers a modern scale-out architecture, software-defined storage, cloud operating model, integrated cyber resilience, and unified platform licensing. The platform showed significant advancements in AI workload performance, data protection, cyber resilience, and expanded hybrid cloud integration with AWS.
Nutanix (NASDAQ: NTNX) has been named a Leader in the 2024 Gartner Magic Quadrant for Distributed Hybrid Infrastructure. This recognition is attributed to Nutanix's vision and investments in integrating edge, private, and public clouds, as well as its platform supporting both cloud-native and traditional applications with unified management.
Nutanix provides a secure, resilient platform for running applications and managing data across various cloud environments. The company has recently announced joint solutions with Dell Technologies, introduced GPT-in-a-Box 2.0 AI solution, launched the Nutanix Kubernetes Platform, and added new functionality to its AHV hypervisor.
Several customers, including Day Lewis, Regent's University London, Titan America, and Treasure Island Hotel and Casino, have shared positive experiences transitioning from VMware to Nutanix, citing simplification of operations and smooth migration processes.
Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, has announced its participation in an upcoming investor event. The company's management will present at the Goldman Sachs Communacopia + Technology Conference on Monday, September 9, 2024, at 2:25 p.m. PDT (5:25 p.m. EDT).
Investors and interested parties can access a live webcast of the presentation through the Nutanix Investor Relations website at ir.nutanix.com. A replay of the presentation will also be available on the same platform for those unable to attend the live event.
This conference provides an opportunity for Nutanix to showcase its latest developments and strategies in the hybrid multicloud computing sector to the financial community.
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