- Hewlett Packard Enterprise Co (NYSE:HPE) has expressed takeover interest in cloud computing company Nutanix, Inc (NASDAQ: NTNX).
- HPE has held talks with Nutanix in recent months. Bloomberg reports.
- San Jose, California-based Nutanix sells cloud software and services to companies.
- On Wednesday, it reported revenue of $434 million for the first quarter of its fiscal year, topping estimates by 15%.
- In September, Nutanix said it planned to implement a series of governance changes, including ensuring all directors stand for election each year and amending its shareholder voting rights.
- In October, Nutanix weighed a sale after getting takeover interest.
- Last month, activist investor Legion Partners Asset Management also encouraged the board to properly evaluate alternatives, including all potential partners, after reports of the inbound interest surfaced.
- HPE projected revenue for the current quarter that beat analyst expectations, suggesting corporations continue upgrading their technology infrastructure in an uncertain economy.
- Price Action: NTNX shares closed higher by 4.42% at $29.51 on Wednesday.
F5 Networks Q3 EPS $2.57 Beats $2.24 Estimate, Sales $674.00M Beat $667.49M Estimate
F5 Networks (NASDAQ:FFIV) reported quarterly earnings of $2.57 per share which beat the analyst consensus estimate of $2.24 by 14.73 percent. This is a 6.88 percent decrease over earnings of $2.76 per share from the same
