Nutanix (NTNX) Reports Earnings Beat. Here’s Why It Is Still Among The Most Shorted Cloud Stocks?
Key takeaways
- Here’s Why It Is Still Among The Most Shorted Cloud Stocks?
- The firm reported revenue of $703 million, which comfortably beat the Wall Street consensus of $690 million.
- The company remains cautious on Q4 guidance due to the Middle East conflict, as the situation remains uncertain in the region, affecting the company’s business.
Nutanix (NTNX) Reports Earnings Beat. Here’s Why It Is Still Among The Most Shorted Cloud Stocks? Jabran Kundi Tue, June 16, 2026 at 7:05 PM GMT+7 2 min read NTNX Nutanix Inc. (NASDAQ:NTNX) is one of the 7 Worst Cloud Stocks To Buy According to Short Sellers. On May 28, Piper Sandler lowered its price target on Nutanix Inc. (NASDAQ:NTNX) to $60 from $63 and kept an Overweight rating on the stock. The downward price target revision still reflects 28% upside from current levels. The price target revision came after the company announced its Q3 2026 earnings report.
On May 28, Nutanix Inc. (NASDAQ:NTNX) posted its Q3 2026 earnings. The firm reported revenue of $703 million, which comfortably beat the Wall Street consensus of $690 million. The earnings per share came in at $0.47, which exceeded the analysts’ estimates of $0.36. The company’s free cash flow stood at $197 million, which represented a 28% margin.
The company remains cautious on Q4 guidance due to the Middle East conflict, as the situation remains uncertain in the region, affecting the company’s business. For Q4 2026, the company has raised its revenue guidance to between $725 million and $745 million. Free cash flow is expected to reach $760 to $780 million.