Nutanix falls as brokerages cut PT after results

Shares of cloud services company Nutanix NTNX.O fall 8% to $64, hitting a more than four-month low

J.P.Morgan flags a slowing FY revenue growth, saying it could lead to concerns about fading "tailwinds in relation to the VMware opportunity"

NTNX forecasts FY26 revenue of $2.9 billion to $2.94 billion, which marks a growth rate of 15%, vs 14% growth rate in FY25

Morgan Stanley flags a decline in annual recurring revenue (ARR)

NTNX reports Q4 ARR growth of 17%, vs 18% growth in Q3

Q4 revenue of $653.3 million and adj. EPS of 37 cents, both, beat analysts' estimates of $641.5 million and 32 cents, respectively, according to data compiled by LSEG

At least four brokerages cut PT on stock; Wells Fargo's new PT of $71 is the lowest on the Wall Street

Including session's moves, stock up 4.5% YTD