The prices of NTNX dropped by around 15% on 25 Feb after it was up more than 5% after Earnings report.
Fundamental analysis: NTNX reported a 2nd Quarter January 2021 loss of $0.35 per share on revenue of $346.4 million. The consensus estimate was a loss of $0.48 per share on revenue of $329.1 million.
Technical analysis: We can see the Uptrend before 15% drop. $30 acted as strong support as it was marked on the graph.
Overall analysis: As the share price couldn't break the $30 area and it got rejected. From Fundamental point of view the company, the earnings results became with narrower loss and beat the estimates.
Company profile: Nutanix, Inc. develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis, an enterprise cloud platform that converges virtualization, enterprise storage services, and networking services; Nutanix Prism, a consumer-grade control plane, which provides management and analytics; and Acropolis Hypervisor, an enterprise-grade virtualization solution.