Investors dumped shares of Nutanix (NTNX) after the company posted its fiscal Q1 results. On a non-GAAP measure, it earned $0.41 a share. However, the net income (GAAP) was $0.11 a share.
Analysts did not expect that Nutanix would need to shift its revenue recognition to a later quarter. Shareholders will need to see revenue coming from OEM partners like Dell, Cisco (CSCO), and Lenovo, adding to its future quarterly results.
NTNX stock might underperform as uncertainties hurt its sentiment.
In China, Li Auto (LI) closed at $18.39 last week. The stock traded above $30 a few times throughout this year. Sentiment worsened since the summer, after investors anticipated this electric vehicle firm’s losses. In Q3, total deliveries of 93,211 vehicles are down by 39%. Li lost $0.05 in EPADS on revenue of $3.8 billion (-37.7% Y/Y).
Workday (WDAY) continued its yearlong slump. Watch out for the stock trading below its $205.33 low for the year. In Q3, the firm posted a 15.5% subscription revenue growth, to $2.355 billion. Management said that it accelerated its innovation through strategic acquisition. It closed its acquisition of Sana, an AI-native platform, in the quarter. It intends to buy Pipedream, a low-code integration platform for AI agents.
If Workday does not realize value from those acquisitions, it may write them off as goodwill.
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