2 hours ago
Most of the media hype goes to Nvidia, Broadcom, Google and the other major AI plays. We dug deeper into billionaire Ray Dalio's Bridgewater ******* ociates Q2 13F filings to see what new AI stocks the fund was buying.
ServiceNow, Inc. (NYSE:NOW) was one of them. Bridgewater opened a position of about 635,000 shares worth roughly $63 million, a 0.26% portfolio weight. Nutanix, Inc. (NASDAQ:NTNX) was the other. The fund bought about 999,000 shares worth roughly $51 million, a 0.21% weight.
NOW regularly gets the limelight in the media, so let's focus on NTNX. The stock is down 11% over the past year.
Nutanix ended fiscal 2026 with recurring revenue of $2.55 billion, up 16%, and added more than 3,000 new customers during the year.
Why Nutanix's business can keep growing
#nutanix #ntnx #roughly #million
ServiceNow, Inc. (NYSE:NOW) was one of them. Bridgewater opened a position of about 635,000 shares worth roughly $63 million, a 0.26% portfolio weight. Nutanix, Inc. (NASDAQ:NTNX) was the other. The fund bought about 999,000 shares worth roughly $51 million, a 0.21% weight.
NOW regularly gets the limelight in the media, so let's focus on NTNX. The stock is down 11% over the past year.
Nutanix ended fiscal 2026 with recurring revenue of $2.55 billion, up 16%, and added more than 3,000 new customers during the year.
Why Nutanix's business can keep growing
#nutanix #ntnx #roughly #million
3 months ago
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 ******* ysts' 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.
Nutanix Inc. (NASDAQ:NTNX) operates an enterprise cloud platform across the Middle East, Europe, Africa, North America, Latin America, and the Asia Pacific. The company delivers hyperconverged infrastructure software, Nutanix Cloud Infrastructure, Nutanix AHV, Nutanix Cloud Platform, and others.
While we acknowledge the potential of NTNX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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 ******* ysts' 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.
Nutanix Inc. (NASDAQ:NTNX) operates an enterprise cloud platform across the Middle East, Europe, Africa, North America, Latin America, and the Asia Pacific. The company delivers hyperconverged infrastructure software, Nutanix Cloud Infrastructure, Nutanix AHV, Nutanix Cloud Platform, and others.
While we acknowledge the potential of NTNX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
