Nutanix Shares Down 1.31%, Lagging Broader Market; EPS Forecasted at $0.41

Nutanix (NTNX) stock closed at $68.80, down 1.31% from the previous day, trailing the S&P 500's 1.12% loss. The company is forecasted to report Q4 EPS of $0.41, down 2.38% YoY, and Q4 revenue of $677.02 million, up 14.56% YoY. The Zacks Rank system predicts a positive outlook for the company, with a #2 (Buy) rating and a Forward P/E ratio of 36.75, which is a premium compared to its industry average.